Energy

Mexico Giving “Stay Away” Signal to Investors, Atlantic Council Energy Group Chairman Says (Part 1)

Mexico Giving “Stay Away” Signal to Investors, Atlantic Council Energy Group Chairman Says (Part 1)

“By pausing the renewable energy auctions and pausing the oil auctions, the president has basically given a ‘stay away’ signal to foreign investment in the energy sector,” David Goldwyn, Chairman of the Atlantic Council Global Energy Center’s Energy Advisory Board, told NGI’s Mexico Gas Price Index. Recent policy decisions have “really put into question Mexico’s…

March 26, 2021
Current Mexico Energy Policy Harmful to Private Investment, Former CRE Commissioner Says

Current Mexico Energy Policy Harmful to Private Investment, Former CRE Commissioner Says

“We are effectively seeing this administration block the participation of private industry in the energy sector across all segments,” Montserrat Ramiro, former Commissioner at Mexico’s Comisión Reguladora de Energia (CRE), told NGI’s Mexico Gas Price Index. “Apparently they think the optimal outcome is total control of the market by state-owned companies. Moreover, they think markets…

January 22, 2021
Trump and Biden Clash Over Climate Change, Energy in Chaotic First Debate

Trump and Biden Clash Over Climate Change, Energy in Chaotic First Debate

More than an hour into a bitter, 90-minute debate that often devolved into inexplicable interruptions and trivial jabs more notable for political animus than policy substance, President Trump and former Vice President Joseph R. Biden Jr. sparred over climate change and energy. During the first of three scheduled debates Tuesday night at Case Western Reserve…

September 30, 2020
Forest Service Seeking to Streamline Oil, Natural Gas Project Approvals Through Rule Change

Forest Service Seeking to Streamline Oil, Natural Gas Project Approvals Through Rule Change

The U.S. Forest Service (USFS) is proposing to streamline the approval process for oil and natural gas development in national forests and grasslands. The proposed rule, issued on Tuesday, is posted in the Federal Register and available for public comment until Nov. 2. The overhaul, part of a larger mandate by the Trump administration to…

September 3, 2020
Don’t Mess with Texas Oil and Natural Gas, Trump Tells Permian Crowd

Don’t Mess with Texas Oil and Natural Gas, Trump Tells Permian Crowd

President Trump rallied West Texas oil and natural gas workers on Wednesday afternoon during a visit to Midland, in the heart of the Permian Basin, touting American energy dominance and claiming the industry is not only back on track but expanding. The campaign speech of sorts came during a brief visit after the president toured…

July 30, 2020
ExxonMobil Joins E&Ps, OFS in Rethinking Strategies as Coronavirus Upends Everything

ExxonMobil Joins E&Ps, OFS in Rethinking Strategies as Coronavirus Upends Everything

The coronavirus pandemic has wreaked havoc on life in general, and for the energy industry, the next few months may prove to be make or break, as capital spending plans are cut and employees move to home offices.

March 17, 2020
4Q2019 Earnings: PDC to Cut More Costs, Reduce DJ Basin, Permian Activity in 2020

4Q2019 Earnings: PDC to Cut More Costs, Reduce DJ Basin, Permian Activity in 2020

PDC Energy Inc.’s oil and gas sales declined last year as commodity prices fell, offsetting a 23% increase in year/year production and a 22% annual decline in total costs.

March 10, 2020
WPX Closes Felix Acquisition, Adding 60,000 boe/d of Permian Output

WPX Closes Felix Acquisition, Adding 60,000 boe/d of Permian Output

WPX Energy, Inc. has closed its $2.5 billion acquisition of fellow Permian independent Felix Energy LLC, WPX said Friday.

March 9, 2020
U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

February 4, 2020
U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

U.S. Onshore Gas, Oil Production to ‘Calm…Not Cease,’ Says TIPRO

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

February 4, 2020
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