Technology North America Exclusives

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

Chemical producers promote integrated approach that benefits the life of the well.

Mexico oil and gas, Mexico energy reform

How effective Mexican regulators are at managing concerns and informing stakeholders will impact the pace of the country’s energy reformation journey.

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.

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Leaders in the Eagle Ford, Permian, Midcontinent, Appalachia and Rockies gathered at the DUG Executive conference to spotlight operations and talk up their science.

Completion North America

Baker Hughes, H.C. Freitag, drilling, completion, technology, shale, unconventional, DUG Rockies, oil, gas

Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.

Range Resources, technology, proppant, Cowen, energy, Joe Frantz Jr., University of Texas, production, oil,

Technology advances have continued to lead to production and efficiency gains in recent years for Range Resources. The company is now working with a Texas university on a new logging tool to be built by Gearhart.

Refracking, shale, horizontal drilling, IHS, Bloomberg

Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.

A process called forward-osmosis is applied to clean water used in hydraulic fracturing.

Contracts North America

Vista will pay Monterrey-based Jaguar a further $10 million to compensate the firm for past investments in the projects, or so-called carry costs, the firm said in a statement.

Pemex said it expected the contract in the Olmos Field, located in the northern border state of Coahuila, to yield investment of $617 million, aiming to reach daily production of about 117 million cubic feet of gas by 2021.

Statoil (NYSE: STO) and Accenture (NYSE: ACN) have signed a three-year master service agreement for Accenture to accelerate the delivery of Statoil’s global digitalization initiative.

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.

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

Digital North America

The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.

Predictive analytics

With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.

Companies embrace prescriptive analytics to improve production.

Data-driven models can shed light on factors that influence operations.

Technology and an abundance of data are forcing oil and gas companies to make changes and prepare for new ways of operating.

Equipment North America

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.

The oil rig count fell seven to 736 in the week to Oct. 20, the lowest level since June, Baker Hughes, a GE company, said in its closely followed report.

Drillers cut five oil rigs in the week to Oct. 13, bringing the total count down to 743, the lowest since early June, Baker Hughes, a GE company, said in its closely followed report.

The oil rig count fell by two to 748 in the week to Oct. 6, Baker Hughes, a GE company (NYSE: BHGE), said in its closely followed report.

Drillers cut three oil rigs in the week to Sept. 8, bringing the total count down to 756, the least since June, Baker Hughes, a GE company (NYSE: BHGE), said in its closely followed report.

Operations North America

A U.S. judge has ordered two former finance executives at Penn West Petroleum, now known as Obsidian Energy, to face regulatory charges that they helped engineer a multi-year accounting fraud.

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

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.

Crescent Point, in return, said Cation's last-minute demand was unreasonable and reckless, adding that the firm "appears to have been created for the sole purpose of creating conflict and havoc."

People North America

David Pursell has been named senior vice president, Planning and Energy Fundamentals, at Apache Corporation (NYSE: APA), effective March 12.

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.

Oil And Gas: What’s In It For Millennials?

The industry can take plenty of steps to help attract and retain the younger generation.

Populist Andres Manuel Lopez Obrador would require Pemex take minimum stakes in all future oil contracts, and may also revoke two dozen contracts already signed with oil companies, Reuters reported.

Lourdes Melgar previously served as deputy energy minister for electricity, will leave the government as it continues to implement the energy reform, Reuters reported.

Regulations North America

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.

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.

Lopez Obrador holds a double-digit lead in most polls for the July 1 election. He has been a critic of the energy reform, variously threatening to dismantle it and to run checks on the oil and gas contracts issued under it.

Mexico’s president on March 22 defended his decision to open the energy sector against attacks from the man currently favoured to succeed him, saying a rollback of the measure could cost the country billions of dollars in lost investment.

API President and CEO Jack Gerard raised serious concerns with the Department of Commerce’s announcement recommending tariffs on steel and aluminum imports to the U.S.