Oil And Gas

In Wake of Colonial Pipeline Attack, Biden Calls on Energy, Tech Leaders to Ramp Up Cybersecurity Investments

In Wake of Colonial Pipeline Attack, Biden Calls on Energy, Tech Leaders to Ramp Up Cybersecurity Investments

Leaders from the energy, technology and financial sectors vowed to help harden the United States against cyberattacks following a summit with President Biden, who called the threat of digital crime a “core national security challenge” that demands increased vigilance from both government and private companies. “The reality is most of our critical infrastructure is owned…

August 30, 2021
Fieldwood Energy Sees ‘Positive’ Natural Gas Contribution to Mexico Southeast Supply

Fieldwood Energy Sees ‘Positive’ Natural Gas Contribution to Mexico Southeast Supply

Fieldwood Energy LLC expects to be producing 30,000 b/d of light oil at two offshore Mexico fields by the end of the year, Andrés Brügmann, Mexico country manager, told NGI’s Mexico GPI.  “The Pokoch and Ichalkil platforms should start producing in September…in the future we expect the project to reach 100,000 b/d and be one of the…

August 27, 2021
Natural Gas Rig Count Flat as Oil Drilling Stays on Growth Trajectory

Natural Gas Rig Count Flat as Oil Drilling Stays on Growth Trajectory

The U.S. natural gas rig count remained unchanged at 97 during the week ended Friday (Aug. 27), while the oil patch kept its growth trend intact, according to the updated figures from Baker Hughes Co. (BKR). The overall U.S. count rose five units to 508 for the week, with oil rigs added on land accounting…

August 27, 2021
Oil Patch Keeps Uptrend Intact as U.S. Adds Five Rigs in Latest Count

Oil Patch Keeps Uptrend Intact as U.S. Adds Five Rigs in Latest Count

U.S. land drillers turned in another week of gains thanks to continued expansion in the oil patch, according to the latest Baker Hughes Co. (BKR) tally, which showed the overall domestic rig count rising five units to 508 as of Friday (Aug. 27). Oil rigs added on land accounted for the entirety of the net…

August 27, 2021
China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China Petroleum & Chemical Corp., aka Sinopec, has reportedly announced another oil and natural gas discovery in the Tarim Basin.  The state-owned company said on Chinese social media that it had discovered 100 million tons of oil and gas resources in the legacy-producing region, according to Reuters. That’s roughly the equivalent of 733 million bbl…

August 27, 2021
Pemex CEO Says Production Partially Restored After Fatal Offshore Fire, as Two Workers Remain Missing

Pemex CEO Says Production Partially Restored After Fatal Offshore Fire, as Two Workers Remain Missing

Mexican state oil company Petróleos Mexicanos (Pemex) had restored 71,000 b/d of the roughly 421,000 b/d of oil production knocked offline by a fatal offshore platform fire as of Tuesday evening, according to CEO Octavio Romero Oropeza. In a video message posted late Tuesday night, Romero said Pemex expected to restore an additional 110,000 b/d…

August 25, 2021
Pemex Gulf of Mexico Platform Fire Leaves Five Dead, Two Missing

Pemex Gulf of Mexico Platform Fire Leaves Five Dead, Two Missing

Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza said five people died and two people remained missing as of Monday afternoon following a fire on the E-Ku-A2 platform in the Gulf of Mexico. The incident occurred Sunday afternoon in the Ku, Maloob and Zaap (KMZ) megafield. Oropeza said an investigation was underway to determine its cause.…

August 23, 2021
Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

Pandemic’s Buoyancy Raises New Concerns About U.S. Natural Gas, Oil Demand

The economic impact of the Covid-19 Delta variant already threatens demand for oil and could dampen consumption of U.S. natural gas, particularly exports to Asia, if new restrictions imposed to slow the virus’ spread in China drag deep into 2021. In the United States, overall case totals and hospitalizations remain lower than the highs reached…

August 23, 2021
Matador Reports Record Permian Natural Gas, Oil Production and Accelerates Well Completions

Matador Reports Record Permian Natural Gas, Oil Production and Accelerates Well Completions

Matador Resources Co. reported record natural gas, oil and total oil equivalent production during the second quarter, driven by “better-than-expected” performance of 13 new wells in the New Mexico portion of the Permian Basin, according to CEO Joseph Foran. Natural gas production rose 23% sequentially to about 239.1 MMcf/d, while oil output was up 28%…

August 23, 2021
U.S. Natural Gas Rig Count Drops Five as Oil Drilling Rises

U.S. Natural Gas Rig Count Drops Five as Oil Drilling Rises

The U.S. natural gas rig count fell five units to finish at 97 for the week ended Friday (Aug. 20), but a surge in oil-directed drilling drove an overall net gain in domestic drilling activity, according to the latest figures from Baker Hughes Co. (BKR). Eight oil-directed rigs were added in the United States for…

August 20, 2021