Exclusives

Follow unconventional rig activity across the United States.

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While salaries have been slowly recovering, a poll shows that many displaced and laid off workers are coming back to work in the oil and gas industry.

Enhanced completions fuel basin’s steady production.

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Total strives to add value in the company’s strong areas, specifically in deepwater, LNG, the Middle East, Africa and the North Sea, according to CEO Patrick Pouyanné.

Mexico energy reform, Mexico oil and gas, Mexico presidential election, Lourdes Melgar, Miriam Grunstein, Pablo Zarate, Jesus Reyes-Heroles

Opening the energy sector to foreign investors gave Mexico hope to reverse declining production and improve its economy, but politics and public opinion could alter the course or pace of the effort.

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

Shell signed an underwriting agreement for the sale of its entire stake of 97.6 million shares in Canadian Natural, the company said in a statement.

Overall reserves fell by more than 7% at the start of 2018 compared with a year earlier to total 8.483 billion barrels of crude oil equivalent (Bboe), according to data published March 23 by Mexico’s National Hydrocarbons Commission (CNH).

Mexico’s National Hydrocarbons Commission (CNH) said 36 companies from 14 countries have qualified to bid during the country’s next tender.

The geological intelligence gleaned from the Whale discovery explains why Shell bid so aggressively for the Mexican blocks, something that had confounded industry experts.

The National Hydrocarbons Commission (CNH), Mexico’s oil regulator, on March 1 launched a call for bids for its first shale tender including nine contractual areas that will be awarded on Sept. 5.

Production

The four-year exploration plan for the block in the Perdido Fold Basin just south of the U.S.-Mexico maritime border calls for drilling either one or two exploration wells in the block between October and next March, according to the CNH.

U.S. rig count is up six rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1.

Canadian producers and global oil majors are increasingly exploring the Duvernay and Montney formations, which they say could rival the most prolific U.S. shale fields.

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Some recent findings on the Stack/Scoop/Cana plays’ productivity evolution may come as a surprise.

Encana has benefited from focusing on four core North American basins: the Montney and Duvernay shales in Canada, and the Eagle Ford Shale and Permian Basin in the U.S.

Technology

An oilfield service worker shortage is helping drive up service costs for oil producers, especially in the hottest shale fields.

The suit is the latest in a recent series of legal filings seeking to press the cash-strapped oil firm and its refining subsidiary for payment, with actions in recent days by U.S. oil producer ConocoPhillips.

Eight capital analyst Phil Skolnick said he did not see Encana's production miss "as a negative" as production in the larger Permian Basin was up.

Oilfield services provider Halliburton Co. reported a 34% jump in first-quarter revenue on April 23 as rising oil prices prompted North American companies to boost oil and gas production.

The decisions relate to probes into suspected corruption involving Odebrecht’s business with state oil firm Pemex, officials said. The government did not provide details.