Oil And Gas

Mexico President Andrés Manuel López Obrador, or AMLO, is ending his term the way he started it – by lambasting the nation’s regulators and accusing them of being in cahoots with private business interests. On Monday, the president said he would try to push a bill through Congress in his final months that would eliminate…

The U.S. natural gas rig count climbed three units to 119 for the week ended Friday (Dec. 8), including an uptick in Haynesville Shale activity, the latest figures from Baker Hughes Co. (BKR) show. Oil-directed drilling declined by two rigs domestically, and the combined U.S. rig count finished the period at 626, up one rig…

Alberta, Canada’s top hydrocarbon producing province, has seen strong investment in both oil and natural gas projects, which is leading to a strong revenue boost in 2023. “Prospects for the energy sector remain positive, underpinned by solid energy  prices and the anticipated increase in Alberta’s takeaway capacity,” according to Alberta’s recent fiscal update. “Energy prices…

Venezuela’s government said voters approved a plan to annex the oil and gas-rich Essequibo region of neighboring Guyana in a referendum held Sunday. Essequibo contains the offshore Stabroek block, where an ExxonMobil-led consortium has made numerous oil discoveries in recent years.  The region, which was part of Venezuela during the Spanish colonial period, has been…

A nationwide system to monitor and reduce U.S. emissions, initially through a two-year pilot, was given the green light on Wednesday by the Biden-Harris administration.  The goal, said officials, would advance the “U.S. commitments” made in 2015 with nearly 200 countries under the United Nations climate accord, aka Paris Agreement to reduce greenhouse gas (GHG)…

Pipeline imports from the United States are accounting for a growing share of Mexico’s natural gas supply this year as volumes provided by Mexican production decline, new data show.  Mexico’s natural gas production averaged 4.34 Bcf/d year-to-date through October, up from a full-year average of 4.09 Bcf/d in 2022, according to the latest figures from…

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. The drama of the Lakach offshore natural gas field serves to underline the difficulties Mexico faces as it tries to develop its…

“In my point of view, there are three important things that need to be improved in Mexico: innovation, technology and employee security,” Sandra Jahnsen, CEO of Jahnsen Business Consulting & Corporate, told NGI’s Mexico GPI. “In Mexico, both the oil and natural gas sectors are deficient in these three areas.” She added, “When those three…

Columbia Gas Transmission LLC (TCO) and Transcontinental Gas Pipe Line Co. LLC (Transco) each gained FERC approval on three projects designed to boost natural gas deliveries to the Southeast and East Coast.  Transco’s Southeast Energy Connector (SEC) would increase firm transportation supply by 150,000 Dth/d from Mississippi and Alabama to an existing power generation facility…