North America
News
September 19, 2023
The U.S. Energy Information Administration (EIA) expects U.S. crude oil production to surpass 12.9 MMbpd for the first time in late 2023 and to exceed 13 MMbpd in early 2024.
News
September 15, 2023
Through these historic partnerships, the TTU System and UT System become the first university members of the PSP, bringing unparalleled academic resources and expertise to the coalition.
News
September 15, 2023
Gas rigs in the Eagle Ford shale play in South Texas more than doubled this week to five, according to data released Friday by Baker Hughes Co.
News
September 14, 2023
One in five new wells in the Permian basin of West Texas and New Mexico will rely on subterranean horizontal holes of 3 miles or longer in 2024, double the share this year and up from virtually zero just two years ago, according to research firm Rystad Energy.
News
September 13, 2023
Shenzi North is a two-well subsea tieback that takes advantage of the existing Shenzi infrastructure to increase the production capacity of the asset. The project, on which a final investment decision (FID) was taken in July 2021, achieved production ahead of targeted first oil in 2024.
News
September 10, 2023
The number of operating oil rigs is about 17% lower than at the start of 2023, meaning it would take several weeks of steady increases to make back this year’s reductions.
News
September 08, 2023
The agreement encompasses all the mineral rights, related facilities and infrastructure in Repsol’s Canadian upstream oil and gas business, including the assets in the Greater Edson area with a net production of 23 Mboed, of which most is gas.
News
September 08, 2023
The latest drilling campaign entailed the drilling of six new wells, including three producing wells and three wells dedicated to water injection, as part of a secondary recovery project.
News
September 07, 2023
According to AIDEA, this latest action by the Department of the Interior shows arbitrary disregard for federal law, based on campaign trail rhetoric.
News
September 06, 2023
The moves come in the wake of the administration’s decision to approve ConocoPhillips’s Willow oil project in the National Petroleum Reserve-Alaska. The initiatives announced Wednesday target territory in northern Alaska, long prized for its oil and gas potential.
News
August 30, 2023
The Government of Newfoundland and Labrador received 24 bids from 19 companies in the initial call for bids, with nine bids from nine companies proceeding into stage two. The results of stage two were announced, with ABO Wind, EverWind Fuels, Exploits Valley Renewable Energy Company (EVREC), and World Energy GH2 being the recipients of Wind Application Recommendation Letters.
News
August 30, 2023
According to the latest report by the Permian Strategic Partnership, the Permian basin had a record year for tax revenue collected from the oil and gas industry. These funds support tax relief, road improvements, public schools and teachers, police and fire departments, community hospitals, universities, and other essential services.
News
August 30, 2023
“Congress’ directive is clear in the Inflation Reduction Act that the Department of the Interior must hold offshore Lease Sale 261 in the Gulf of Mexico in order to help meet the energy needs of the American people.," Senior Vice President and General Counsel Ryan Meyers said.
News
August 29, 2023
“According to BOEM, a single offshore wind project could support approximately 4,470 jobs and $445 million in GDP during construction and an ongoing 150 jobs and $14 million annually from operation and maintenance labor, materials, and services," National Ocean Industries Association (NOIA) President Erik Milito said.
News
August 29, 2023
Administration sources say the move advances the President’s commitment to deploy 30 GW of offshore wind energy by 2030.
News
August 29, 2023
Geologically viable but unproven inventory is at the forefront, as high-quality drilling locations become scarce over the next decade.
News
August 25, 2023
Rigs targeting both crude and natural gas in the West Texas and southeast New Mexico region declined by 7 to 320 this week, according to data released Friday by Baker Hughes Co.
News
August 25, 2023
Crescent Point is lowering its 2023 annual average production guidance to a range of 156,000 to 161,000 boed, which represents a reduction of approximately 4,500 boed.
News
August 25, 2023
The challenge follows BOEM’s announcement to hold the final offshore lease sale mandated by the Inflation Reduction Act, but with significantly reduced acreage and severe restrictions on oil and natural gas vessel traffic.
News
August 23, 2023
“While the Department of the Interior announced a much-needed offshore lease sale today, the Biden administration continues to throw up roadblock after roadblock to American energy production, prioritizing their campaign promise to stop American oil and natural gas development in federal waters over their duty to meet Americans’ energy needs," writes API's Holly Hopkins.
