North America
News
June 18, 2024
Improvements in drilling and fracking techniques amid a wave of corporate takeovers will drive the expansion and more than offset recent reductions in rig deployments, analysts at the the London-based bank wrote in a note titled ‘Underestimate U.S. shale at your peril.’
News
June 17, 2024
Texas, Louisiana, and Mississippi have sued the U.S. government to block a proposed rule by the Biden administration that would require offshore oil and gas companies to provide nearly $7 billion in financial assurances for decommissioning old infrastructure.
News
Oil and gas trade group calls on U.S. presidential candidates to “unleash” America’s energy security
June 17, 2024
Ahead of the first presidential debate, API is calling both candidates, as well as policymakers on both sides of the aisle, to leverage America’s energy resources to help protect consumers and cement U.S. energy leadership.
News
June 14, 2024
Donald Trump told Senate Republicans Thursday he would restart oil drilling in Alaska’s Arctic National Wildlife Refuge, reversing a move by the Biden administration to cancel leases in the frozen wilderness.
News
June 13, 2024
Aramco and NextDecade Corporation announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA.
News
June 12, 2024
Matador expects to have over 190,000 net acres in the Delaware basin, part of the greater Permian basin, producing over 180,000 boed, with proved reserves exceeding 580 MMboe. The enterprise value of the combined company is projected to exceed $10 billion.
News
June 11, 2024
‘Logging While Drilling’ (LWD) and wireline logging data have indicated that several oil-and-gas-bearing sandstones have been encountered within the targeted Middle Miocene turbidite sequences.
News
“Highly-anticipated” Zama field offshore Mexico reaches key milestone with DORIS FEED contract award
June 10, 2024
The FEED work will be based on the scope of the Unit Development Plan approved by the Mexican Hydrocarbon Commission (CNH) last year. It covers the planning of two offshore platforms, 68 km of pipelines and cables as well as a new onshore facility, fully dedicated to the Zama project, located in the Dos Bocas Maritime Terminal, in Paraiso, Tabasco.
News
June 10, 2024
Despite signals indicating the job market is beginning to flatten, the oil field services sector remains a vital component of the national economy, showcasing resilience amid broader economic fluctuations. While the national economy added a better-than-expected 272,000 jobs in May, the unemployment rate experienced a slight increase to 4%.
News
June 09, 2024
Drilling in the U.S. shale patch dropped to the lowest level in almost two-and-a-half years as operators vow to make good on promises to investors for subdued production growth this year.
News
June 07, 2024
The Energy Department announced Friday two solicitations for the Strategic Petroleum Reserve - 1.5 MMbbl for delivery in September and an additional 4.5 MMbbl for October, November, and December. The bids, which are due later this month, will be for the reserve’s Bayou Choctaw site, which previously had been off line for maintenance.
News
June 07, 2024
Average hourly earnings for front-line oil and gas workers rose 0.5% from March to $44.67, according to a Labor Department report released Friday. Compared with a year ago, oil pay is up 3.2%. The strength in wages matched a national trend, pushing back bets for Federal Reserve rate cuts.
News
June 06, 2024
Drilling operations have been completed safely and successfully, with the well drilled to a total depth of 10,290 feet (measured depth). Zephyr’s operations team is now preparing to set a production liner across the Cane Creek reservoir section, after which the Helmerich & Payne Rig 257 will rig down and demobilise from the site.
News
June 06, 2024
The Permian Strategic Partnership (PSP) is welcoming Energy Transfer and Phillips 66 as its newest members, expanding to 31 members. In the five years since its founding, the PSP has nearly doubled in size and exponentially expanded its impact in Southeast New Mexico and West Texas.
News
June 05, 2024
The Kaskida project is a greenfield development 250 miles southwest of New Orleans, in the Keathley Canyon area of the Gulf of Mexico. Comprising a single topside module supported by a four-column semi-submersible hull, the Kaskida FPU is supported by subsea production wells located in a water depth of approximately 6,000 ft.
News
June 05, 2024
The second day of the Energy NL Annual Conference & Exhibition 2024 got underway today with a morning address by the Honourable Seamus O’Regan Jr., Minister of Labour and Seniors, who outlined the Government of Canada’s efforts to support energy development, including amendments to the Atlantic Accord.
News
June 05, 2024
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released new research that analyzes which oil and gas plays show the greatest rate of increase in drilling speeds and whether well costs correlate with drilling speeds. In addition, the report looks at how well designs are affecting drilling efficiencies.
News
June 04, 2024
The Energy NL Annual Conference & Exhibition 2024 began on Tuesday, June 4, 2024, with an opening address by Premier Dr. Andrew Furey, who committed his support for the Newfoundland and Labrador energy industry, including the offshore oil and gas sector and the renewable energy sector.
News
June 04, 2024
Drilling will shortly commence on the final section of the State 36-2R well. The objective for this short section is to land the well safely within the Cane Creek reservoir and drill the remaining 320 ft to intersect both the reservoir and the productive natural fracture system encountered by the original well.
News
June 04, 2024
The decisions made in Washington — “the capital of the energy world” — will have “massive impacts” and influence spending around the globe, Sawan said.
News
June 02, 2024
The oil and gas and basic industry sectors are expected by Barclays to be the most active for M&A during the next year.
This week alone, Energy Transfer LP agreed to buy WTG Midstream in a $3.25 billion deal, while ConocoPhillips announced a $17 billion deal for fellow producer Marathon Oil Corp.
