Articles tagged Oil And Gas

Tulsa-based Helmerich & Payne Inc. (H&P), one of the top drilling rig contractors in North America, is moving more of its expertise overseas as North American natural gas and oil activity slows.

Offshore basins throughout the world are driving revenue growth for SLB Ltd. amid a slowdown in the North American onshore segment, according to CEO Olivier Le Peuch.

Energy executives in the Rockies and Midcontinent have adopted a more bullish outlook on natural gas prices since earlier in the year, according to the Federal Reserve Bank of Kansas City.

The U.S. natural gas rig count rose by four units to 101 for the week ending Friday (July 5) amid an increase in drilling in the South Central region.

Mexico’s Grupo Carso, SAB de CV, a conglomerate owned by billionaire Carlos Slim, signed a services contract with state oil company Petróleos Mexicanos (Pemex) to help develop the Lakach deepwater natural gas field off Mexico’s southeastern coast.

Optimism among oil and natural gas executives for sector growth is at its highest level in more than five years despite unprecedented challenges, according to new research by risk management consultancy DNV.

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.

Claudia Sheinbaum, Mexico’s presidential candidate for the ruling Morena Party, seeks continuity for the national energy sector. 

Mexico’s natural gas production averaged 4.05 Bcf/d in February 2024, compared to 4.29 Bcf/d in the same month a year ago. 

Expanding the use of natural gas tapped from Mexico’s abundant reserves would help to reduce the carbon intensity throughout many areas of the economy, said Jeremy Martin, vice president of Energy & Sustainability at the Institute of Americas. During the upcoming elections, however, Mexicans will decide whether they want more of the same or a return to a competitive bidding process for oil and gas development.