Updated Aug 22, 2024
8/22/24
Mexico needs to do more to develop its local natural gas industry, according to a new analysis from oil and gas trade group Asociación Mexicana de Empresas de Hidrocarburos (Amexhi).
Global natural gas and LNG consumption continues to strengthen, supported by accelerating Asian demand and “resiliency” in the industrialized nations, Baker Hughes Co. CEO Lorenzo Simonelli said Friday.
Italy’s Eni SpA, one of Mexico’s leading private sector producers, has found more oil and associated natural gas in shallow waters offshore Mexico.
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.
Domestic natural gas producers are going to be under increasing pressure to differentiate the methane intensity of their LNG cargoes as Europe cracks down on greenhouse gas emissions, according to experts.
Mexico’s natural gas production ticked upward to 3.85 Bcf/d in May from a three-year low of 3.76 Bcf/d in April, but was down 11% year/year, government data show.
South Korea’s recent oil and gas discovery off its southeastern coast could eventually reduce the country’s reliance on fossil fuel imports, but the discovery’s commercial development is unlikely to happen before the next decade.
International land and offshore markets are driving near-term demand for NOV Inc.’s oilfield equipment, but digital and performance technologies are also in the pipeline, as exploration customers look for improved efficiencies, according to CEO Clay Williams.
The world’s energy companies are becoming more pragmatic in their approach to reaching net-zero emissions and Baker Hughes Co.’s customers plan to boost their natural gas exposure in the coming years, CEO Lorenzo Simonelli said.