oil and gas production

Venezuela Touts Referendum to Annex Guyana Oil, Natural Gas Patch

Venezuela Touts Referendum to Annex Guyana Oil, Natural Gas Patch

Venezuela’s government said voters approved a plan to annex the oil and gas-rich Essequibo region of neighboring Guyana in a referendum held Sunday. Essequibo contains the offshore Stabroek block, where an ExxonMobil-led consortium has made numerous oil discoveries in recent years.  The region, which was part of Venezuela during the Spanish colonial period, has been…

December 4, 2023
Mexico Natural Gas, Oil Accidents Could Drop with Technology, Innovation Investment, Expert Says

Mexico Natural Gas, Oil Accidents Could Drop with Technology, Innovation Investment, Expert Says

“In my point of view, there are three important things that need to be improved in Mexico: innovation, technology and employee security,” Sandra Jahnsen, CEO of Jahnsen Business Consulting & Corporate, told NGI’s Mexico GPI. “In Mexico, both the oil and natural gas sectors are deficient in these three areas.” She added, “When those three…

November 17, 2023
Natural Gas Activity Slows, but Oil Drilling Gains Lift U.S. Count Overall

Natural Gas Activity Slows, but Oil Drilling Gains Lift U.S. Count Overall

The U.S. natural gas rig count fell one unit to 117 for the week ended Friday (Oct. 13), while the addition of four rigs in the oil patch lifted the combined domestic tally three units overall to 622, according to the latest figures from Baker Hughes Co. (BKR). Land drilling increased by two in the…

October 13, 2023
Two Natural Gas Rigs Exit in U.S. as Down Week in Permian Drives Oil Tally Lower

Two Natural Gas Rigs Exit in U.S. as Down Week in Permian Drives Oil Tally Lower

The U.S. natural gas rig count eased two units lower to 116 for the week ending Friday (Sept. 29), while declines in the oily Permian Basin sent the combined domestic tally tumbling seven units overall to 623, according to the latest count from Baker Hughes Co. (BKR). Oil-directed drilling declined by five in the United…

September 29, 2023
Mexico Expert Gives Business-Friendly Gálvez ‘Very Fair Shot’ at Winning Presidency

Mexico Expert Gives Business-Friendly Gálvez ‘Very Fair Shot’ at Winning Presidency

Pro-business opposition candidate Xóchitl Gálvez of Mexico’s Frente Amplio coalition could give Claudia Sheinbaum of the ruling Morena party a run for her money in the country’s 2024 presidential election, according to Rice University’s Tony Payan. Payan, who directs the Center for the United States and Mexico at Rice’s Baker Institute for Public Policy, broke…

September 25, 2023
U.S. Natural Gas Rigs Down Three and Oil Leads Double-Digit Drop in Combined Count

U.S. Natural Gas Rigs Down Three and Oil Leads Double-Digit Drop in Combined Count

The U.S. oil and gas rig count pulled back sharply during the week ending Friday (Sept. 22), falling 11 units to 630 amid notable losses in the Permian Basin and the Haynesville Shale, according to the latest Baker Hughes Co. (BKR) data. A three-rig decline in natural gas rigs domestically partially reversed an eight-rig increase…

September 22, 2023
Mexico’s President Touts Nationalistic Energy Program in Penultimate Address to Nation

Mexico’s President Touts Nationalistic Energy Program in Penultimate Address to Nation

Even in the late stages of his administration, Mexico’s President Andrés Manuel López Obrador is sticking to his state-centric energy policy that has rattled many private firms in the sector. In his penultimate state-of-the-union address to the nation last week, he said the program of “expanding the Comisión Federal de Electricidad (CFE) includes the construction…

September 5, 2023
U.S. Drilling Activity Steady as One Natural Gas Rig Exits

U.S. Drilling Activity Steady as One Natural Gas Rig Exits

With a host of small adjustments to activity levels across a number of onshore plays, the combined U.S. natural gas and oil rig count eased one unit lower to finish at 631 for the week ended Friday (Sept. 1), according to the latest numbers from Baker Hughes Co. (BKR). Oil-directed drilling was unchanged for the…

September 1, 2023
Mexico Natural Gas Production Holding Steady Amid Record Summer Imports

Mexico Natural Gas Production Holding Steady Amid Record Summer Imports

Mexico’s natural gas production averaged 4.30 Bcf/d in July, compared to 4.35 Bcf/d in June and 4.10 Bcf/d in July 2022. State oil company Petróleos Mexicanos (Pemex) supplied 4.07 Bcf/d of the total, compared to 3.86 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators produced…

August 28, 2023
U.S. Energy Leaders Navigate Complicated but Enduring Path for Natural Gas

U.S. Energy Leaders Navigate Complicated but Enduring Path for Natural Gas

Liberty Energy Inc. President Ron Gusek does not shy away from the reality of climate change. He is convinced the planet is warming and sea levels are rising. Still, these are not overwhelming problems that necessitate bans on natural gas and other fossil fuels. In fact, Gusek said, a diverse array of energy sources is…

August 18, 2023
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