Exclusives

Follow unconventional rig activity across the United States.

The digital oil field is not a technology issue; it’s a business model issue.

Market forces mandate better evidence-based tools to drive decisions in oilfield services pumping operations.

An analysis predicts costs to climb as core areas mature.

Report: As Wind Projects Age, O&M Costs Will Rise

The phasing out of the Federal Production Tax Credit will mean a decline in new wind projects and increased operating and maintenance on older assets.

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

Canadian oil and gas producer Husky Energy said late Oct. 2 it had formally offered to acquire rival MEG Energy in a deal valued at about $5 billion including debt.

The Husky's takeover offer for MEG comes as many Canadian oil producers have struggled with transportation bottlenecks as output has surged.

Talos Energy Inc.’s appraisal plan for the Zama discovery was approved by the Mexican oil and gas regulator, the company said on Sept. 27.

Mexico’s president-elect, Andres Manuel Lopez Obrador, assured private energy executives in a closed-door meeting on Sept. 27 their contracts will not be canceled if they meet existing terms, the head of the country’s main oil producers’ association said.

Mexico’s incoming government has begun its promised review of oil contracts, starting with a major project won by a consortium led by U.S.-based Talos Energy, the country’s next energy minister said.

Production

While the country has long been a major oil and gas producer, an extended output slump forced Mexico last year to turn to foreign supplies for 84% of its total natural gas demand, almost all of which came from the United States.

Lost in the news of record-breaking production and impressive rig counts is the increasing rate of decline in production in the Permian Basin.

Mexican president-elect Andres Manuel Lopez Obrador said on July 27 his administration will look to boost the country’s crude oil production to 2.5 million barrels per day (MMbbl/d) from 1.9 MMbbl/d now.

Pemex’s crude production slipped 7.3% in the quarter to an average of 1.866 million barrels per day (MMbbl/d), while natural gas production fell 9.7% to 3.915 billion cubic feet per day.

Renaissance Oil Corp. got an early foot in the door to develop these potentially giant fields.

Technology

Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the U.S. to overhaul the North American Free Trade Agreement (NAFTA) that he said preserved Mexican “sovereignty” in the energy sector.

President Donald Trump said on Aug. 25 that the U.S. could reach a "big Trade Agreement" with Mexico soon.

Analysts with Tudor, Picking, Holt & Co. said Ensign’s proposed acquisition of Trinidad would create one of the largest North American land drillers with critical mass in many key international markets.

Tailored drilling software and optimization services offer cost-effective options.

Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country's massive fuel imports, nearly all from the U.S., during the first three years of his term while also boosting refining at home.