BUSINESS BRIEFING
BUSINESS BRIEFING
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ENERGY
Halliburton to Drill in Mexico
Halliburton won a $683 million three-year contract from Petroleos Mexicanos to manage drilling and completion of 58 oil wells in southern Mexico.
Halliburton said the land wells range in depth from 11,500 feet to 21,300 feet but didn't say where the wells were.
Pemex, as Mexico's government-owned oil monopoly is known, is trying to make up for a decline in production at its offshore oil field Cantarell with drilling activity in Chicontepec, an oil field in rugged, mountainous terrain in southern Mexico.
Natural Gas Field Found Near Rio
The energy firms Petroleo Brasileiro of Brazil and Galp Energia of Portugal found an offshore natural gas field that may be as big as 5 billion to 8 billion barrels.
The discovery, known as Jupiter, is off the coast of Rio de Janeiro state.
Petrobras owns 80 percent of the project and operates the field.
JAPAN
Whale Hunt Halted by Greenpeace
Japan's whaling fleet has stopped hunting because a Greenpeace vessel has been preventing harpoon boats from transferring their catch to the factory ship, the government said.
"It is very difficult to resume hunting when there is a ship that may interfere with our activity," said Toru Shirasu, the Japanese administrative vice minister of agriculture, forestry and fisheries.
The Greenpeace ship Esperanza has been chasing the factory ship Nisshin Maru for 10 days in Antarctic waters and has stopped the entire whaling operation, Greenpeace said.
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