Exclusives

The availability of dual-fuel engines and dedicated natural gas engines has created more fuel options in the oil patch.

Given lower oil prices, Mexico is carefully choosing which fields will be part of each round.

Spending is likely to increase from $25 billion to $50 billion annually, Pemex CEO Emilio Lozoya Austin said.

As the battle for capital resources intensifies, a research firm examines the ‘strategic rationale for unconventionals.'

The one-day performance tests, which regularly spike company shares on their results, don’t provide enough data to predict future potential, according to a study.

Deepwater International

The emerging Paleogene play in the US Gulf of Mexico continues to offer increasing encouragement for major deepwater discoveries, with Chevron confirming a significant find.

Shell's CEO Ben van Beurden says, "there is a lot more to do" in its North American deepwater sectors. 

Exploration

Chevron U.S.A. Inc. will work with BP Exploration and Production Inc. and ConocoPhillips Co. to explore and appraise 24 jointly held offshore leases in the northwest portion of Keathley Canyon.

Encana Corp. has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc.

Statoil has agreed to reduce its working interest in the non-operated U.S. southern Marcellus onshore asset from 29% to 23%, following a $394 million transaction with Southwestern Energy, Statoil said in a news release.

Woodside has finalized an agreement with BP to farm in to offshore blocks in the Scotian Basin located off the coast of Nova Scotia, Canada.

EOG Resources Inc. has divested all of its assets in Manitoba and certain assets in Alberta in two separate transactions.

Production

Shell is committed to drilling for oil in Alaska despite opposition from environmentalists and a pledge to reduce spending.

Mexico produced 2.35 MMbbl/d of oil this month through Dec. 28, according to data the Mexico City-based company posted online.

Husky Energy has commenced steam operations at the in situ Sunrise Energy Project in northeast Alberta.

The focus comes as oil and gas operators venture into new frontiers and go deeper into mature ones.

Experts talk about the sector’s past, present and future.

Technology

The vessels are scheduled for completion and delivery in 2018 and 2019.

This lift establishes the record for the largest jacket lifted by the vessel to date. 

Technip has been awarded by Stone Energy Corp. both a flexible pipe supply contract and an installation contract for the Amethyst Field.

The company began discussions earlier this year with some contractors to lower rig rates and other services, CFO Mario Beauregard said in a telephone interview. 

Round One makes available 169 blocks with more than 18 Bboe in prospective resources and proven and probable reserves.