Oil

Mexican national oil company Petróleos Mexicanos (Pemex) reported a decline in dry natural gas output from its processing centers but an increase in fuel oil production from its refineries in February. Dry natural gas production averaged 2.08 Bcf/d for the month, down from 2.18 Bcf/d in January and 2.19 Bcf/d in February 2020. Fuel oil…

A subsidiary of Chesapeake Energy Corp. has agreed to pay a $1.9 million fine and address environmental impacts in Pennsylvania as punishment for failing to identify and protect wetlands at 76 oil and gas well sites. The consent decree with Chesapeake Appalachia LLC was executed by the Pennsylvania Department of Environmental Protection (DEP), the U.S.…

Latin America’s oil and gas producing countries are returning to pre-coronavirus levels of activity after a year of uncertainty and disruption. Last February, just before the coronavirus reached the region, 184 oil and gas rigs were active across Latin America, according to information from oilfield services provider Baker Hughes Co. Drilling activity dipped, then plunged,…

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

Enbridge Inc. has asked the Canadian government for legal and diplomatic help to defend its 540,000 b/d Line 5 pipeline against Michigan attempts to shut it down. Enbridge Vice President Vern Yu disclosed the requests in testimony about the 68-year-old pipeline’s troubles before a House of Commons committee. Line 5 delivers oil and natural gas…

Michigan officials said they would have propane supply security with trains and storage available if Enbridge Inc. shuts down deliveries in May on Line 5, the Canadian oil and natural gas liquids (NGL) system. Line 5 flows 540,000 b/d, including 75,000 b/d of propane for about 55% of Michigan needs, led by two-thirds of requirements…

Employment in the Texas oil and natural gas industry is on the upswing amid improving commodity prices and rebounding global energy demand, according to new analysis by the Texas Independent Producers and Royalty Owners Association, aka TIPRO. Unique job postings in the Texas oil and gas sector totaled 7,090 in January, up from 6,764 in…

The U.S. rig count continued to nudge higher during the week ending Friday (Feb. 12), adding five units to end at 397 on growth in oil-directed drilling, according to the latest figures from Baker Hughes Co. (BKR). A seven-rig increase in oil-directed drilling offset a two-rig decline in natural gas-directed rigs, leaving the combined domestic…

Oil prices will inform the trajectory of U.S. oil and natural gas production moving forward, but supply is on track to maintain record levels through 2050, according to the Energy Information Administration’s (EIA) latest long-term projections. Under the baseline reference case in the agency’s Annual Energy Outlook 2021 (AEO2021), published Wednesday, U.S. oil and natural…