Drilling

ARTICLES

Pemex and Pacific Rubiales Agree to Cooperate on Mexican Oil/NatGas Efforts

Petroleos Mexicanos (Pemex) and Pacific Rubiales Energy Corp., which has a base in Colombia and claims to be the largest independent oil and gas producer in Latin America, have entered into a three-year memorandum of understanding (MOU) to analyze potential oil and natural gas cooperation in Mexico. This will include exploration, deep-water projects, revitalization of mature fields, heavy and extra-heavy oil onshore and offshore fields, high water production fields and other upstream activities. Read More

Virginia's Energy Vision Supports Pipelines, Offshore Drilling, Vehicle Conversions

Virginia will pursue offshore oil and natural gas drilling; support the improvement and expansion of intrastate and interstate gas pipelines; and expand... Read More

Pemex Awards Subsea Contract for Lakach Field

The first deepwater subsea project to be developed by Petroleos Mexicanos (Pemex) has been awarded to OneSubsea, a Cameron and Schlumberger Ltd. company, for the natural gas-rich Lakach field offshore Mexico. Read More

Two Workers Hurt in Colorado Encana Wellhead Rupture

Two contract workers were hurt, one critically, on Wednesday in far western Colorado's Mesa County while working on a valve at an Encana Corp. gas well that ruptured, a Denver-based company spokesperson told NGI Thursday. Read More

BLM Schedules NPR-A Oil and Gas Lease Sale

The Bureau of Land Management has scheduled an oil and natural gas lease sale for the National Petroleum Reserve in Alaska to be held Nov. 19 in Anchorage. Read More

Oxy Board Approves California Oil, Gas Spin-Off

Houston-based Occidental Petroleum Corp.'s (Oxy) board of directors on Thursday approved the spin-off of the company's substantial California oil and natural gas business into an independent, separately traded unit, California Resources Corp. (CRC). Read More

Mexico Establishes Oil, Gas Income Fund

Eyeing increased federal revenues from the opening of the nation’s energy plays to foreign investment, Mexico's federal government recently established a special fund in the Bank of Mexico... Read More

ExxonMobil, Pemex Pen Cooperation Pact

ExxonMobil Corp. and Petroleos Mexicanos (Pemex) on Thursday signed a three-year memorandum of understanding (MOU) that precedes the opening of Mexico's oil and gas industry to foreign investment. Read More

NGSA: Natgas Prices Lower This Winter, While Industrial Demand Seen Up Sharply

Natural gas prices are expected to be lower for the upcoming winter season than a year ago thanks to a combination of factors, including a return to normal winter temperatures, robust domestic production and adequate storage, according to the Natural Gas Supply Association (NGSA). Read More

BHP Eyeing ‘Considerable Opportunities’ in Mexico Under Pemex Agreement

Australia's BHP Billiton Ltd. has penned a cooperation agreement with Mexico's Petroleos Mexicanos (Pemex) to exchange technical knowledge, experience and practices for the offshore and onshore. Executives are hoping it will be for the long term. Read More