Mexico is unlikely to substantially increase its natural gas production over the next five to six years, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). In its latest “prospectiva” or outlook for oil and natural gas output, the regulator modeled high, low and medium production growth scenarios for each hydrocarbon. The high case scenario…
Tag / Oil And Gas
SubscribeOil And Gas
Articles from Oil And Gas
Mexico, Trading Partners in ‘Productive’ Dialogue Amid Talk of Energy Export Bans
Mexico, the United States and Canada continue to work through their trade policy differences as the world’s energy supply becomes an increasing piece of geopolitical gamesmanship. It has been 75 days since U.S. Trade Representative (USTR) Katherine Tai announced that her office was requesting dispute settlement consultations with Mexico centered around energy. Under rules of…
Mexico’s CFE Alleges Sweetheart Natural Gas Contracts Awarded Under Previous Regime
Mexico’s CFE International LLC (CFEi) is suing two of its former executives in a Texas court in relation to natural gas contracts awarded to a U.S. firm. CFEi is the international fuel procurement arm of state electricity firm Comisión Federal de Electricidad (CFE), and among the largest natural gas marketers in North America. CFEi is…
Natural Gas Activity Slows, Gains for Oil Patch in Latest Baker Count
The U.S. natural gas rig count slid one unit lower to 159 for the week ended Friday (Sept. 30), while a small increase in oil activity pushed the overall domestic tally one unit higher to 765, according to the latest numbers from Baker Hughes Co. (BKR). Total oil rigs increased by two domestically week/week. The…
USMCA Squabble Likely to End Amicably, Industry Expert Says
It’s probable that a trade dispute between Mexico and its northern neighbors Canada and the United States will be resolved through discussion, Carlos Flores, Director of Business Development at Nordex Group for Mexico, Colombia, Peru, Central America & Caribbean, told NGI’s Mexico GPI. “Nonetheless, there is no question that, if the consultations are taken to…
U.S. Upstream Activity Steady as Oil Tally Rises, Natural Gas Drilling Slows
The U.S. rig count inched higher during the week ended Friday (Sept. 30), picking up one unit to end at 765 thanks to a small overall gain in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). Two oil-directed rigs were added in the United States for the week. Partially offsetting…
Tulsa’s Rebellion, Legacy Well Plugging Specialist, Snags Grey Rock Investment
Private equity (PE) firm Grey Rock Investment Partners has agreed to invest in Rebellion Energy Solutions, a Tulsa-based specialist in decommissioning legacy oil and gas wells. “Grey Rock believes there is an underserved market of opportunities in the oil and gas well remediation space to offer near term solutions for positive environmental impacts,” said Grey…
Mexico Reports Record Private Sector Oil Production Driven by Shallow Water Fields
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…
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…