oil and gas production

ExxonMobil is seeking to prevent some investors from using what it called a “Goldilocks Trojan Horse” strategy to diminish existing business operations.  In a lawsuit filed earlier in January, the integrated major requested judicial relief to exclude a shareholder proposal by Arjuna Capital and Follow This. The lawsuit was filed in the U.S. District Court…

Could more natural gas-focused exploration and production (E&P) or midstream transactions be in the works after Chesapeake Energy Corp. and Southwestern Energy Co. agreed to combine into the Lower 48’s largest gas producer? Oil-focused dealmaking powered much of the consolidation in the U.S. oil and gas industry in 2023, with associated gas production riding the…

The U.S. natural gas rig count fell two units to 118 for the week ended Friday (Jan. 5), including a small decrease in activity in the Haynesville Shale, according to data from oilfield services provider Baker Hughes Co. (BKR). Including a one-rig increase in the U.S. oil patch, the combined domestic rig count finished the…

Mexico’s natural gas production averaged 4.13 Bcf/d in November, versus 4.17 Bcf/d in October and 4.43 Bcf/d in November 2022. State oil company Petróleos Mexicanos (Pemex) accounted for 3.91 Bcf/d or 95% of the total, down from 4.19 Bcf/d a year earlier, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH).…

Mexican conglomerate Grupo Carso SAB has bought into another Mexico oil and natural gas field in shallow waters offshore Campeche. Carso subsidiary Zamajal SA de CV would acquire PetroBal SAPI de CV and its 50% interest in the Ichalkil and Pokoch fields. PetroBal is the oil and gas subsidiary of Mexican conglomerate Grupo Bal. The…

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…

“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…

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…

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…