Oil And Gas

Argentina’s YPF Aiming to Sanction LNG Export Project by End-2023

Argentina’s YPF Aiming to Sanction LNG Export Project by End-2023

Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. Lew and CEO Pablo Iuliano hosted a call earlier this month to discuss the 51% state-owned oil and gas company’s third-quarter results. YPF and Malaysian national oil company Petronas signed a memorandum of understanding…

November 28, 2022
Two Natural Gas Rigs Added in U.S. in Latest BKR Count

Two Natural Gas Rigs Added in U.S. in Latest BKR Count

The U.S. natural gas rig count rose two units to 157 for the week ended Friday (Nov. 18), while an uptick in the oil patch helped lift the combined domestic drilling total three units higher to 782, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Land drilling increased by four…

November 18, 2022
Natural Gas Infrastructure Projects Said Major Growth Opportunity in Mexico

Natural Gas Infrastructure Projects Said Major Growth Opportunity in Mexico

Mexico’s biggest growth opportunities include “natural gas and natural gas processing at the top of the list, including storage and completing the supply chain, such as the development of processing centers for LNG in ports,” Jorge Pedroza, energy director at PwC Mexico, told NGI’s Mexico GPI. “There is a window of opportunity that won’t last…

November 18, 2022
U.S. Drilling Tally Rises on Natural Gas, Oil Activity Gains

U.S. Drilling Tally Rises on Natural Gas, Oil Activity Gains

Bolstered by modest gains in both natural gas and oil drilling, the combined U.S. rig count climbed three units to 782 for the week ended Friday (Nov. 18), according to updated numbers published by Baker Hughes Co. (BKR). Changes in the United States for the week included gains of two natural gas-directed rigs and one…

November 18, 2022
North Dakota Posts Record Natural Gas Production, Capture Rates; TC Eyes Northern Border Expansion

North Dakota Posts Record Natural Gas Production, Capture Rates; TC Eyes Northern Border Expansion

North Dakota reported record high natural gas production of 3.18 Bcf/d in September, up 2.8% from August, according to the latest data from the state’s Department of Mineral Resources (DMR). Producers captured and marketed 3.02 Bcf/d or 95% of the total, another all-time record amid efforts to curb routine gas flaring, said DMR’s Lynn Helms,…

November 18, 2022
Mexico Industrials Locking In Cheap U.S. Natural Gas Prices Amid Global Volatility, BP Exec Says

Mexico Industrials Locking In Cheap U.S. Natural Gas Prices Amid Global Volatility, BP Exec Says

Mexico’s industrial natural gas consumers are adopting more sophisticated procurement strategies and seeking to lock in relatively cheap U.S. prices for as long as possible,  according to BP plc’s Pedro Elio, head of origination for BP’s Mexico gas marketing business. Elio spoke Wednesday at LDC Forums’ US-Mexico Natural Gas Forum in San Antonio, TX. BP…

November 15, 2022
Column: Mexican Natural Gas Regulation Needs an Overhaul

Column: Mexican Natural Gas Regulation Needs an Overhaul

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. This week marks 27 years of regulation in the natural gas industry in Mexico. The law that gave rise to the Comisión…

November 4, 2022
Natural Gas Drilling Down, Oil Count Up in Latest BKR Tally

Natural Gas Drilling Down, Oil Count Up in Latest BKR Tally

The U.S. natural gas rig count dropped one unit to 155 for the week ended Friday (Nov. 4), while an uptick in oil drilling nudged the combined domestic tally two units higher to 770, according to updated numbers from Baker Hughes Co. (BKR). Domestic land drilling increased by two units for the week, while the…

November 4, 2022
Devon Touts LNG Partnership, Lower 48 Acquisitions After Strong Third Quarter

Devon Touts LNG Partnership, Lower 48 Acquisitions After Strong Third Quarter

With LNG exports seen driving U.S. natural gas demand growth over the coming years, Devon Energy Corp. is positioning itself to capitalize on premium global gas prices, management said Wednesday.  In a call to discuss the Lower 48 producer’s third quarter earnings, CEO Rick Muncrief highlighted a partnership with Delfin Midstream Inc. that would see…

November 4, 2022
Williston Rig Gains Lead Small Increase in Latest U.S. Drilling Tally

Williston Rig Gains Lead Small Increase in Latest U.S. Drilling Tally

On the strength of gains in the oil patch, including in the Williston Basin, the U.S. rig count rose two units overall to finish the week ended Friday (Nov. 4) at 770, according to the latest tally from Baker Hughes Co. (BKR). Net changes domestically included a three-rig increase in oil-directed drilling, partially offset by…

November 4, 2022
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