NOV Facing Headwinds from Rising Steel Costs, Customer Deferrals

NOV Facing Headwinds from Rising Steel Costs, Customer Deferrals

Oilfield technology specialist National Oilwell Varco Inc. (NOV) is facing “logistical challenges” in North America’s onshore near-term, as customers delay buying equipment and from rising material costs, including for steel, CEO Clay Williams said Friday.

October 26, 2018

Wyoming Big Game Mitigation Plan to Defer Some Oil, Natural Gas Lease Sales

The Department of Interior plans to prioritize conservation of a mule deer migration corridor in southwest Wyoming through both deferred oil and gas lease sales and lease stipulations, Secretary Ryan Zinke and Wyoming Gov. Matt Mead said Wednesday.

August 3, 2018
Weatherford Determined to Close Gap, Says CEO

Weatherford Determined to Close Gap, Says CEO

More sales in the Permian Basin and an increasingly positive outlook for international markets have given Weatherford International plc a “light wind at our back,” CEO Mark McCollum said last Friday.

February 5, 2018

Briefs — BLM Quarterly Auctions

The U.S. Bureau of Land Management (BLM) said seven state offices collectively generated $170.7 million in bonus bids from oil and natural gas lease sales during 3Q2017. The sales covered 218 parcels consisting of more than 134,800 acres. New Mexico had the largest sale with more than $130 million, while Wyoming garnered $38.7 million. Other states generated under $1 million each. The 20 of 29 scheduled onshore lease sales in 2017 have brought in $316.2 million in bonus bids, versus 20 in 2016 that produced $192.5 million. BLM officials said oil and gas development on federally managed lands in the last fiscal year supported 201,000 jobs and $42 billion in economic output.

October 11, 2017
U.S. LNG Export Trade Jumps 1,000% in 1Q, While Canadian NatGas Imports Increase 9%

U.S. LNG Export Trade Jumps 1,000% in 1Q, While Canadian NatGas Imports Increase 9%

Natural gas sales heated up across North America in the first three months of the year, raising volumes and prices of flows between Canada, the United States and Mexico, according to the U.S. Department of Energy (DOE).

August 11, 2017

Interior Secretary Signs Order to Streamline Permitting, Address Backlog

Pledging to make the Interior Department “a better neighbor in the new Trump administration,” Secretary Ryan Zinke issued a secretarial order (SO) on Thursday that calls for streamlining the permitting process for drilling on federal lands.

July 7, 2017

BOEM Awards 153 Tracts, Rejects 10 Bids from GOM Lease Sale in March

The Interior Department’s Bureau of Ocean Energy Management (BOEM) this week awarded 153 tracts to companies that bid in March to explore for oil and natural gas in the Gulf of Mexico (GOM), but 10 high bids were rejected.

June 28, 2017

BLM Goes Online With Four Oil/Gas Lease Sales in December

The Bureau of Land Management (BLM), which found success in its first online lease auction last month, has rescheduled four other lease sale auctions that were to be conducted in coming weeks to instead be held online in December.

October 14, 2016

BLM Sells Out in First Online Oil/Gas Lease Sale

The U.S. Bureau of Land Management (BLM) on Wednesday conducted its first online lease auction, selling all of its parcels but not disclosing the overall proceeds.

September 23, 2016

Bureau of Land Management to Hold Lease Sales Online

In an effort to modernize its oil and gas program, the Bureau of Land Management (BLM) said it will conduct lease sales online beginning next month.

August 30, 2016
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