Oil And Gas

The U.S. natural gas rig count fell four units to 162 for the week ended Friday (Sept. 16), while an eight-rig increase in oil-directed drilling lifted the combined domestic tally four units higher to 763, according to updated figures from Baker Hughes Co. (BKR). The 763 active U.S. rigs as of Friday compares with 512…

Driven by oil-directed drilling growth, including in the Permian Basin, the U.S. rig count rose four units to 763 during the week ended Friday (Sept. 16), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). An eight-rig increase in oil-directed drilling in the United States for the week was partially offset…

The Inflation Reduction Act of 2022 (IRA) and a related promise for energy permitting reform may have improved the outlook for natural gas infrastructure, according to industry stakeholders. Speakers at LDC Forums’ Mid-Continent Forum in Chicago were under no illusions about the continued challenges facing newbuild projects, especially interstate pipelines. However, recent events have offered…

Two major petrochemical projects planned for Louisiana’s St. James Parish are facing permitting obstacles following recent decisions that may affect them moving forward. A court ruling has stalled FG LA LLC’s plan to build a massive $9.4 billion plastics facility. The affiliate of global conglomerate Formosa Group has had the Sunshine Project on the drawing…

Energy sector tensions between the United States and Mexico have quieted in recent days as both sides work to change the narrative towards cooperation.  U.S. Commerce Secretary Gina Raimondo and Secretary of State Antony Blinken were in Mexico City on Monday to speak to top officials, including Mexico President Andrés Manuel López Orador, in what…

Mexico’s Hydrocarbon Companies Association (AMEXHI) has urged the country’s Senate to expedite the appointment of a new head at upstream regulator Comisión Nacional de Hidrocarburos (CNH). Former head Rogelio Hernández’s resignation was made public last week, meaning the CNH now has three active members. By law, the CNH requires four commissioners for duties to be…

The U.S. natural gas rig count rose four units to 166 during the week ended Friday (Sept. 9), while a slowdown in the oil patch dropped the combined domestic tally one unit overall to 759, according to the latest numbers from Baker Hughes Co. (BKR). Oil-directed rigs in the United States fell five units to…

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. Mexico’s power matrix relies on natural gas for 65% of its output. As such, gas consumption sees the same kind of seasonality…

Amid gains in natural gas-directed drilling and a decline in the oil patch, the U.S. rig count eased one unit lower to finish the week ended Friday (Sept. 9) at 759, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically included a four-rig increase in natural gas-directed drilling,…