Exclusives

Follow unconventional rig activity across the United States.

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The Eagle Ford has produced 2.5 billion barrels of oil and will generate another 2.1 billion barrels, DrillingInfo Executive Chairman Allen Gilmer told attendees of the recent DUG Eagle Ford conference.

Canadian well drilling forecasts for 2018 has put the pressure on for governments and regulators to lower regulatory compliance costs, help boost investor confidence and improve market access.

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The upcoming meeting of OPEC could have a dramatic impact on already volatile crude oil prices. How things play out for crude in 2018 remain to be seen.

NAFTA, oil and gas, energy, negotiation, Rick Perry, BHP Billiton, Talos Energy, Petroleum Services Association of Canada

NAFTA renegotiations could impact the success of the countries’ energy sectors as it relates to logistics, exports, costs and more. But the agreement has been a positive for the industry, company executives said.

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

Nobilis-Maximino sits in Mexico’s deepwater Gulf near the U.S.-Mexico maritime border in the productive Perdido Fold Belt and is estimated to contain reserves of about 502 million barrels of mostly light crude.

By joining forces with Hunter, Houston-based Probe said it plans to accelerate the commercial release of a combinable and technologically-advanced solutions platform.

Alex Pourbaix replaced Brian Ferguson, who left Cenovus after investors balked at the purchase of some of ConocoPhillips' Canadian assets in March.

The sale of Cenovus's majority interest in Weyburn to Whitecap Resources would bring its asset sale proceeds to just under C$4 billion, compared with its target of C$4 billion to C$5 billion.

Pena Nieto said Pemex made the discovery by drilling its onshore Ixachi well in the municipality of Cosamaloapan, and the overall field is believed to hold some 350 million barrels of proven, probable and possible reserves.

Production

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.

Rumaila oil field, developed by Britain’s BP and Chinese partner CNPC, now produces about 1.45 MMbbl/d, Mohammed Hassan told Reuters late on Nov. 28.

Chevron will initially develop around 55,000 acres in the Duvernay Shale, which could eventually spur more drilling in other parts of its 330,000-acre portion of the play.

A vacuum-based system eliminates the traditional process of shaking fluid and solids.

Drillers added one oil rig in the week to Oct. 27, bringing the total count up to 737, Baker Hughes, a GE company, said in its closely followed report Oct. 27.

Technology

TGS continues to strengthen its onshore position with new seismic projects in key shale basins of North America, such as the Permian Basin, Scoop/Stack and the Montney. 

Anadarko Petroleum and RS Energy expect the collaborative nature of their partnership to help accelerate the development of solutions for the “biggest challenges” facing the industry.

Carlos Alberto Treviño Medina, Pemex CEO

He replaces José Antonio González Anaya, who has been appointed as the country’s minister of finance and public credit. González Anaya acted as the head of the state-owned company since February 2016.

Ahead of a fifth round of NAFTA talks in Mexico City in mid-November, Washington's tough demands that partners Canada and Mexico resist has clouded the future of the 23-year-old pact.

DOF Subsea said on Nov. 1 it has been awarded two contracts, securing utilization for several vessels in the Subsea IMR Projects segment.