Upstream

The U.S. natural gas rig count held steady at 120 for the week ended Friday (Dec. 29), while the overall domestic drilling total nudged two units higher to 622 amid gains in oil activity, according to the latest numbers from Baker Hughes Co. (BKR). Land drilling increased by one rig domestically for the period, with…

In 10 months, on Oct. 1, 2024, Mexico’s new president will take office, and the six-year term of Andrés Manuel López Obrador will end. Members of the Mexican energy industry told NGI’s Mexico GPI they are hopeful for a change in energy policies that have at times stalled and frustrated the sector during the past…

The U.S. natural gas rig count added one unit to climb to 120 for the week ended Thursday (Dec. 21), while declines in the oil patch helped drop the overall domestic tally by three to 620, according to the latest figures from Baker Hughes Co. (BKR). The 120 active U.S. natural gas rigs as of…

Harbour Energy plc joined the dealmaking parade on Thursday, announcing a $11.2 billion “transformational acquisition” of the upstream assets of Germany’s largest natural gas and oil producer, Wintershall Dea AG. Wintershall has gas and oil prospects in Algeria, Argentina, Denmark, Egypt, Germany, Libya, Mexico’s onshore and offshore, and in Norway. Also included in the deal…

Mexican conglomerate Grupo Carso SAB has bought into another Mexico oil and natural gas field in shallow waters offshore Campeche. Carso subsidiary Zamajal SA de CV would acquire PetroBal SAPI de CV and its 50% interest in the Ichalkil and Pokoch fields. PetroBal is the oil and gas subsidiary of Mexican conglomerate Grupo Bal. The…

The U.S. natural gas rig count held steady at 119 for the week ended Friday (Dec. 15), while the overall number of domestic rigs eased lower on a slowdown in oil-directed activity, according to updated figures from Baker Hughes Co. (BKR). Domestic natural gas rigs ended the period down 35 from the 154 rigs active…

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…

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…

The U.S. natural gas rig count picked up one unit to finish at 118 for the week ended Friday (Nov. 3), while a slowdown in oil-directed drilling dropped the combined domestic count seven units to 618, according to the latest numbers published by Baker Hughes Co. (BKR). Total domestic oil rigs declined by eight to…