• 4 minutes Permian in for Prosperous and Bright Future
  • 7 minutes Amount of Oil Usage in the United States
  • 10 minutes America Could Go Fully Electric Right Now
  • 2 hours Something wicked this way comes
  • 13 hours Famine, Economic Collapse of China on the Horizon?
  • 4 hours Why NG falling n crude up?
  • 19 hours US after 4 more years of Trump?
  • 17 hours Oil giants partner with environmental group to track Permian Basin's methane emissions
  • 6 hours Nord Stream 2 Halt Possible Over Navalny Poisoning
  • 20 hours .
  • 3 days Daniel Yergin Book is a Reality Check on Energy
  • 11 mins Top HHS official takes leave of absence after Facebook rant about CDC conspiracies
  • 2 days The Perfect Solution To Remove Conflict Problems In The South China East Asia Sea
  • 4 days Gepthermal fracking: how to confuse a greenie
  • 4 hours .
  • 3 days Open letter from Politico about US-russian relations
Oil Rallies Despite Bearish Demand Forecasts

Oil Rallies Despite Bearish Demand Forecasts

Oil prices rallied this week…

Oil Bulls Return As OPEC+ Reassures Markets

Oil Bulls Return As OPEC+ Reassures Markets

After oil prices crashed at…

Goldman Sachs Made $100 Million Off Tesla Trades This Year

Goldman Sachs Made $100 Million Off Tesla Trades This Year

Major financial institutions seem to…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Pirates Threaten Oil Operations In Gulf Of Mexico

  • The U.S. State Department warns of increased pirate activity in the southern Gulf of Mexico.
  • According to a report from January 2019, there was a 310-percent increase in pirate activity in the southern Gulf of Mexico over the three years to end-2018.

There is increased threat of piracy in the southern Gulf of Mexico, with oil platforms and other installations a potential target, the U.S. government has warned.

“Armed criminal groups have been known to target and rob commercial vessels, oil platforms, and offshore supply vessels in the Bay of Campeche area in the southern Gulf of Mexico,” the State Department said in an updated travel advisory as quoted by Reuters.

There has been pirate activity in the Bay of Campeche for years, with the criminals posing as fishermen and attempting to board offshore platforms and vessels in the Gulf, according to reports in Mexican media. They were a headache for Mexico’s Pemex as they targeted its platforms, on several occasions succeeding in stealing things like pipes, electrical wiring, copper, and various equipment, as well as cash.

According to a report from January 2019, there was a 310-percent increase in pirate activity in the southern Gulf of Mexico over the three years to end-2018, from 48 attacks in 2016 to as many as 197 in 2018.

Witnesses said the pirates travelled in fast boats, boarded platforms, and threatened crews with guns before stealing whatever happened to be of value, from drilling equipment to screws. But, according to Mexico’s President, they also stole crude oil straight from the platforms.

This oil theft, according to an October 2019 report, cost Pemex as much as $1 billion annually.

Oil theft is not uncommon in Mexico, with most of it linked to local cartels using the services of crooked Pemex employees. Yet most of this theft takes place on land: over just two months in 2018, criminals drilled almost 2,300 illegal taps into Pemex pipelines in Mexico.

According to Pemex’s own estimates, the losses from fuel theft over the past three years have reached $7.5 billion (147 billion Mexican pesos). A lot of the theft is conducted by gangs who are quick to resort to violence as they fight among themselves for greater access to state fuels and also engage in extortion of oil workers.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News