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In 2021, Midterm Elections Could be Pivotal in Determining Future of Mexico’s Energy Sector

In 2021, Midterm Elections Could be Pivotal in Determining Future of Mexico’s Energy Sector

The June midterm elections in Mexico, set to be the country’s largest single-day election in its history, could either stall or advance President Andrés Manuel López Obrador’s state-centric energy sector platform. The election would see the entire lower house being voted in, as well as numerous gubernatorial, state legislature and mayoral races. Wins for his…

December 30, 2020
Shell Marks Another $4.5 Billion in Oil, Gas Assets Up for Write-Down in 4Q

Shell Marks Another $4.5 Billion in Oil, Gas Assets Up for Write-Down in 4Q

Royal Dutch Shell plc expects to write down between $3.5 billion to $4.5 billion during the fourth quarter because of impairments, asset restructuring and onerous contracts. It would be the third time this year the Anglo-Dutch supermajor has written down assets. In a fourth quarter update, Shell said it expects to take a partial impairment…

December 22, 2020
Mexico Ruling on Zama Unitization to be Crucial Decision in 2021, Expert Says

Mexico Ruling on Zama Unitization to be Crucial Decision in 2021, Expert Says

“The Zama case is very important in our eyes and in the eyes of all oil investors, international and domestic, because of the precedents that will be set when the state oil company wants a share of production,” George Baker, Managing Principal of the Houston-based consultancy Baker & Associates and long-time publisher of the Mexico…

December 18, 2020
Mixed Reaction from Oil, Natural Gas Industry as Biden Names Top Climate, Energy Picks

Mixed Reaction from Oil, Natural Gas Industry as Biden Names Top Climate, Energy Picks

President-elect Joseph R. Biden Jr. on Thursday unveiled his picks for the top climate and energy posts in his administration, leaving little doubt of an impending sea change in federal policy when he takes office on Jan. 20. The nominations and appointments comprise U.S. Rep. Deb Haaland (D-NM), Department of the Interior (DOI) secretary; former…

December 18, 2020
Colorado’s Boulder County Revamping Oil, Gas Rules, but Energy Industry Questioning Authority

Colorado’s Boulder County Revamping Oil, Gas Rules, but Energy Industry Questioning Authority

Colorado’s energy industry has come out swinging against Boulder County’s attempt to impose more stringent oversight of oil and gas well operations. Operators working in unincorporated areas of Boulder County would be required to ensure well pad setbacks are at least 2,000 feet and generally 2,500 feet near homes, schools and licensed child care centers.…

December 17, 2020
Seismic Monitoring Readied This Winter in Montney Shale Hot Spot

Seismic Monitoring Readied This Winter in Montney Shale Hot Spot

The Montney Shale will be scrutinized to explore the links between earthquakes and hydraulic fracturing during this winter’s natural gas drilling season in northeastern British Columbia (BC). A 14-square-mile grid of 36 seismic tremor detectors will trace geological effects of the horizontal well completion method at a drilling hot spot known as Tower Lake, southeast…

December 10, 2020
Natural Gas Poised for Continued Growth Under Biden, Experts Say

Natural Gas Poised for Continued Growth Under Biden, Experts Say

The domestic and global outlook for natural gas remains relatively bright under a Joseph R. Biden Jr.  presidency, despite increasingly negative sentiment toward fossil fuels, according to experts. Although the president-elect is calling for a carbon-free power sector by 2030, gas-fired generation is needed to accommodate growing penetration of intermittent wind and solar energy in…

December 4, 2020
Growth in Oil Drilling Spurs U.S. Rig Count Higher; Natural Gas Rigs Decrease

Growth in Oil Drilling Spurs U.S. Rig Count Higher; Natural Gas Rigs Decrease

Another week of growth in the oil patch lifted the U.S. rig count three units to 323 for the week ending Friday (Dec. 4), according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). The United States saw a net increase of five oil-directed rigs for the week, offsetting a decline…

December 4, 2020
Latest NGI Hub & Flow Podcast Examines Election Impacts on Natural Gas, Oil Industry – Listen Now

Latest NGI Hub & Flow Podcast Examines Election Impacts on Natural Gas, Oil Industry – Listen Now

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI associate editors Kevin Dobbs and Andrew Baker discuss the presidential election and its impacts for the natural gas and oil industry.  Dobbs and Baker discuss President-elect Biden’s priorities with respect to energy, climate and infrastructure, as well as…

November 16, 2020
U.S. Energy Industry Bracing for Change as Biden Becomes President-Elect

U.S. Energy Industry Bracing for Change as Biden Becomes President-Elect

Joseph R. Biden Jr. has become the president-elect and will take office in January, heralding a seismic shift in energy and climate policy from the executive branch. However, any major legislation could be stymied by a divided Congress, assuming Republicans retain their majority in the Senate, while executive actions could be challenged by a more…

November 9, 2020
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