Exploration

Click here to listen to a new episode of NGI’s Hub & Flow podcast. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, spoke to Mercuria Energy Co.’s Charles Blanchard in the latest episode. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in…

Unitization talks between a Talos Energy Inc.-led consortium and Mexican national oil company Petróleos Mexicanos (Pemex) to jointly develop the Zama offshore oil discovery have progressed from the technical phase to more commercial discussions, according to Talos CEO Timothy Duncan. Assuming unitization is completed “on a timely basis,” Talos expects to reach a final investment…

The Dorado, a stacked play in South Texas where EOG Resources Inc. has amassed a 163,000 net acre leasehold, may be a lock to build the Houston independent’s natural gas market credentials, the executive team said Friday. The formation, which runs through the Austin Chalk and Eagle Ford Shale, has an estimated 21 Tcf net…

Environmental groups that sued to throw out a federal plan allowing new exploration and mining on public lands heralded a recent win in court that they said was vital to protect greater sage grouse. A federal judge on Thursday overturned a Trump administration decision to jettison sage grouse protections from 10 million acres in the…

The U.S. natural gas rig count climbed three units to 88 for the week ending Friday (Jan. 22), helping to extend a trend of steady growth in domestic drilling activity going back to last year, the latest figures from oilfield services provider Baker Hughes Co. (BKR) show. Including the addition of two oil-directed rigs, the…

Global natural gas demand is rising, setting the stage for up to four export projects to be sanctioned this year, the Baker Hughes Co. CEO said Thursday. Only one liquefied natural gas (LNG) project was sanctioned during pandemic-plagued 2020, but there are signals from customers for positive final investment decisions (FID) this year, CEO Lorenzo…

The U.S. natural gas rig count climbed one unit to 85 for the week ending Friday (Jan. 15), while the number of active oil rigs surged by double digits, according to data published by Baker Hughes Co. (BKR). The latest BKR numbers, which are based on data provided in part by Enverus, showed a net…

Global exploration operators are ready to get back to business in oil and natural gas onshore and offshore, with the international players likely to shell out more funds this year than their Lower 48 compadres. Energy analysts in recent weeks have begun offering their takes on the likely pace of activity and potential capital expenditures…

Mexican state oil company Petróleos Mexicanos (Pemex) would require more government support over the coming years if it wants to increase capital expenditures (capex) without taking on more debt, even if proposed tax breaks for the firm are passed by legislators, according to Fitch Ratings. Senator Armando Guadiana, a member of President Andrés Manuel López…