Oil And Gas

Mexico’s AMLO Touts Amended Ethane Contract, New Electricity Law as Sector Unease Mounts

Mexico’s AMLO Touts Amended Ethane Contract, New Electricity Law as Sector Unease Mounts

Mexico’s president and the CEO of its state oil company Petróleos Mexicanos (Pemex) said Wednesday that the terms of an ethane supply contract between Pemex and petrochemicals firm Braskem Idesa (BI) have been amended. The changes would benefit Pemex, said President Andrés Manuel López Obrador and Pemex CEO Octavio Romero Oropeza, although BI had yet…

March 3, 2021
Pemex Natural Gas Production Stands Still as Mexico Government Support Ramps Up

Pemex Natural Gas Production Stands Still as Mexico Government Support Ramps Up

Natural gas production at Petróleos Mexicanos (Pemex) was 3.639 Bcf/d in 2020, down marginally from the 3.690 Bcf/d produced in 2019. Natural gas utilization, however, suffered in 2020, executives said in the fourth quarter earnings call. Because of high nitrogen content in the gas and other processing issues, 513 MMcf/d was flared from production in…

March 1, 2021
Oil Patch Leads Domestic Growth as U.S. Natural Gas Count Nudges Higher

Oil Patch Leads Domestic Growth as U.S. Natural Gas Count Nudges Higher

The U.S. natural gas rig count added one unit to finish at 92 for the week ending Friday (Feb. 26), helping to extend an uptrend in domestic drilling led by gains in the oil patch, the latest figures from Baker Hughes Co. (BKR) show. Along with the one gas-directed unit, four oil-directed rigs were added…

February 26, 2021
Permian, Marcellus Gains See U.S. Rig Count Extend Uptrend

Permian, Marcellus Gains See U.S. Rig Count Extend Uptrend

Activity increases in the Permian Basin and Marcellus Shale propelled the U.S. rig count five units higher to 402 for the week ending Friday (Feb. 26), according to updated data from Baker Hughes Co. (BKR). Four oil-directed rigs and one natural gas-directed rig were added for the week, bringing the combined domestic total to within…

February 26, 2021
Dominated by Texas, U.S. Oil, Gas Jobs Plummet in 2020, with Output Seen Trending Down in ’21

Dominated by Texas, U.S. Oil, Gas Jobs Plummet in 2020, with Output Seen Trending Down in ’21

The U.S. oil and gas industry shed more than 160,000 direct jobs in 2020, with nearly half of those losses coming in Texas amid the fallout of the coronavirus pandemic, an annual assessment of the sector shows. In its State of Energy Report, the Texas Independent Producers & Royalty Owners Association (TIPRO) said the oil…

February 5, 2021
Permian, Haynesville, Utica Rig Totals Climb as U.S. Adds Eight Units

Permian, Haynesville, Utica Rig Totals Climb as U.S. Adds Eight Units

Propelled by growing activity across the Permian Basin and the Haynesville and Utica shales, the U.S. rig count rose eight units to 392 for the week ending Friday (Feb. 5), according to the latest numbers from Baker Hughes Co. (BKR). The United States saw a net increase of four natural gas-directed rigs for the week,…

February 5, 2021
Under Pressure, ExxonMobil Ups Ante Against Global Warming, Promises to Contain Overall Costs

Under Pressure, ExxonMobil Ups Ante Against Global Warming, Promises to Contain Overall Costs

ExxonMobil on Tuesday pledged $3 billion to lower emissions in a bid to bolster its environmental record even as it slashed overall capital spending and vowed to safeguard its dividend. Executives, while declining to directly address a news report that ExxonMobil and fellow supermajor Chevron Corp. had discussed a potential tie-up, also said they continue…

February 2, 2021
California’s Kern County Oil, Gas Rules Undergoing Further Review

California’s Kern County Oil, Gas Rules Undergoing Further Review

Kern County, CA, has begun a process that could lead to resuming oil and gas well permitting in April if county supervisors approve a draft environmental report prepared after an appellate court last year set aside efforts to streamline the process. The Fifth District Court of Appeals based in Fresno, CA, halted the permitting system…

February 2, 2021
FERC Opens Door to Adding Landowner Protections in Natural Gas Pipeline Decisions

FERC Opens Door to Adding Landowner Protections in Natural Gas Pipeline Decisions

Under the direction of new Chairman Richard Glick, FERC is revisiting an order issued last year designed to prevent natural gas pipelines from starting construction with rehearings pending, opening the door to potentially implement additional landowner protections. However, in doing so the Federal Energy Regulatory Commission is leaving pipeline developers in the lurch by not…

February 2, 2021
BP ‘Greening,’ as Oil, Natural Gas Alternatives Evolve, Says Looney

BP ‘Greening,’ as Oil, Natural Gas Alternatives Evolve, Says Looney

BP plc CEO Bernard Looney is juggling dozens of balls as the supermajor ramps up oil and natural gas projects worldwide, but the focus long term, he said Tuesday, is centered on ways to expand the opportunities toward a low carbon future. Speaking from London during a webcast to discuss quarterly results, Looney said last…

February 2, 2021
‹ Previous 1 2 3 8