Private sector producers in Mexico reported record oil volumes of 106,120 b/d in August, up from 63,414 b/d a year earlier, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). Three private sector-operated shallow water fields – all of which were awarded through the Round 1.2 bidding process in 2015 – reported record oil production…
oil and gas production
Articles from oil and gas production
Natural Gas Drilling Eases Lower as Numbers Grow in Oil Patch
The U.S. natural gas rig count fell two units to 160 for the week ended Friday (Sept. 23), while a three-rig increase in the oil patch pushed the combined domestic tally one unit higher overall to 764, according to updated numbers from Baker Hughes Co. (BKR). The combined 764 active U.S. rigs as of Friday…
Oil Gains, Natural Gas Declines Keep U.S. Drilling Tally Steady Overall
A modest gain in oil-directed drilling offset a small decline in natural gas activity to nudge the combined U.S. rig count one unit higher to 764 for the week ended Friday (Sept. 23), according to the latest tally from Baker Hughes Co. (BKR). Oil-directed rigs increased by three overall in the United States for the…
Biden Administration Calling for Another Do-Over of Post-Macondo Offshore Safety Rules
President Biden is moving to reinstate the post-Macondo offshore safety rules enacted by the Obama administration, which were partly undone by the Trump administration. BP plc’s deepwater Macondo well explosion in 2010 killed 11 men, destroyed the Deep Horizon drilling rig and led to the largest oil spill in U.S. history. An extensive investigation by…
Permian Leads as Oil Gains Push Baker’s U.S. Drilling Tally Higher
Driven by oil-directed drilling growth, including in the Permian Basin, the U.S. rig count rose four units to 763 during the week ended Friday (Sept. 16), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). An eight-rig increase in oil-directed drilling in the United States for the week was partially offset…
Oil, Gas Industry Expresses Concern Over Changes at Mexico’s Upstream Regulator
Mexico’s Hydrocarbon Companies Association (AMEXHI) has urged the country’s Senate to expedite the appointment of a new head at upstream regulator Comisión Nacional de Hidrocarburos (CNH). Former head Rogelio Hernández’s resignation was made public last week, meaning the CNH now has three active members. By law, the CNH requires four commissioners for duties to be…
Oil Decline Offsets Natural Gas Drilling Gain as Latest Baker U.S. Count Eases Lower
Amid gains in natural gas-directed drilling and a decline in the oil patch, the U.S. rig count eased one unit lower to finish the week ended Friday (Sept. 9) at 759, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically included a four-rig increase in natural gas-directed drilling,…
Latin American National Oil Companies Booming, but Stymied by Politics
National oil companies (NOCs) in Latin America enjoyed record profits in the second quarter on the back of high oil and gas prices, but they remain under pressure from governments facing economic crises. The high oil and gas price environment “has come with a downside which is that in the domestic market, it is very…
U.S. Natural Gas Drilling Total Rises as Oil Count Tumbles
The U.S. natural gas rig count rose four units to 162 for the week ended Friday (Sept. 2), while a sharp pullback in the Permian Basin saw the overall U.S. rig count fall five units to 760, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically for the…
Drop in Permian Sends U.S. Rig Count Lower; Natural Gas Activity Rises
Driven by a sharp pullback in the Permian Basin, the U.S. rig count dropped five units to 760 for the week ended Friday (Sept. 2), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically for the week included a nine-rig decline in oil-directed drilling, partially offset by a…