Oil And Gas

U.S. Natural Gas Drilling Rises in Latest Baker Count as Oil Activity Surges

U.S. Natural Gas Drilling Rises in Latest Baker Count as Oil Activity Surges

The U.S. natural gas rig count climbed two units to 109 for the week ended Friday (Jan. 14), while big gains in Texas sent the overall domestic drilling tally higher by double digits, according to updated figures published by Baker Hughes Co. (BKR). Including a net gain of 11 oil-directed rigs, the combined domestic rig…

January 14, 2022
U.S. Upstream Dealmaking Fueled by Permian, Haynesville

U.S. Upstream Dealmaking Fueled by Permian, Haynesville

The Permian Basin and natural gas-rich Haynesville Shale accounted for nearly all of the upstream transactions in the final three months of 2021, but dealmaking overall was down sharply from the third quarter, Enverus reported. The value of Lower 48 merger and acquisition (M&A) activity between exploration and production (E&P) companies totaled $9 billion in…

January 14, 2022
U.S. Drilling Total Increases by Double Digits as Activity Climbs in Eagle Ford, Haynesville

U.S. Drilling Total Increases by Double Digits as Activity Climbs in Eagle Ford, Haynesville

On the strength of sharp gains in the Eagle Ford and Haynesville shales, the U.S. rig count surged 13 units higher to 601 for the week ended Friday (Jan. 14), according to the latest numbers from Baker Hughes Co. (BKR). Net gains in the United States included 11 oil-directed rigs and two natural gas-directed rigs,…

January 14, 2022
Latin America’s Importance in Energy Transition Expected to Grow, Says Yergin

Latin America’s Importance in Energy Transition Expected to Grow, Says Yergin

The transition to lower carbon-emitting fuel resources may give Latin America a new economic edge, according to energy expert Daniel Yergin. In a conversation with NGI earlier this month, the vice chairman of IHS Markit and chair of CERAWeek said Latin America may see its fortunes rise as “enormous” amounts of copper and other earth…

January 12, 2022
Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…

January 11, 2022
Constitutional Reform Unlikely in 2022, but Mexico Energy Sector Risk Still High, Analysts Say

Constitutional Reform Unlikely in 2022, but Mexico Energy Sector Risk Still High, Analysts Say

For this upcoming year, Mexico President Andrés Manuel López Obrador’s proposed constitutional energy reform – whether it gets enough votes to pass or not – will set the tone of his political agenda, according to analysts and experts in the field.

January 10, 2022
Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

New natural gas and nuclear energy projects could be classified as “green” investments to help the European Union (EU) reach its net-zero emissions target by 2050, according to a draft proposal by the European Commission (EC) published this month. Regulations proposed under the EC’s taxonomy draft, part of a set of policy initiatives called the…

January 10, 2022
Mexican Energy Companies On Edge in New Year, Top Industry Lawyer Says

Mexican Energy Companies On Edge in New Year, Top Industry Lawyer Says

“Widespread uncertainty is impacting energy companies in Mexico on a daily basis,” David Enríquez, senior partner at the Mexico City-based law firm Goodrich, Riquelme y Asociados, told NGI’s Mexico GPI. “Some companies don’t even know if they will continue to exist in the next few months or if they’re going to have a permit to…

January 7, 2022
Appalachian Natural Gas Output Growth Said Threatened by Long-term ‘Uncertainties’

Appalachian Natural Gas Output Growth Said Threatened by Long-term ‘Uncertainties’

Higher natural gas prices were a positive for natural gas producers in the Appalachian Basin in 2021, but ongoing “uncertainties” threaten the industry’s long-term growth prospects.

January 6, 2022
OPEC-Plus Agrees to Ramp Up Oil Output Despite Omicron

OPEC-Plus Agrees to Ramp Up Oil Output Despite Omicron

A coalition of major oil producing countries agreed on Tuesday to further boost output to meet expectations for strong demand, despite concerns about the rapidly spreading Omicron variant of the coronavirus. Policymakers from the Organization of the Petroleum Exporting Countries (OPEC), headed by Saudi Arabia, and a Russia-led group of allies known as OPEC-plus, said…

January 5, 2022
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