Drilling

Mexico’s Energy Sector: Open for Business -- to the World

Mexico's Congress late Wednesday approved long-awaited legislation that opens the country's energy sector to private investment and is aimed at stimulating oil and gas production in the energy-rich country. Read More

Alaska Awards Exploration License for Cook Inlet Frontier

Cook Inlet Energy LLC was the successful bidder for an exploration license covering 168,581 acres of Alaska state land in the Iniskin Peninsula area of southwest Cook Inlet, the Alaska Division of Oil and Gas said Wednesday. Read More

Would-Be Beaufort Sea Drillers Seek Way Around Relief Well Requirement

A fresh environmental battle is brewing over plans to resume gas and oil exploration on the icy top of North America, in Canada's share of the Beaufort Sea. Read More

Producers Countering Flat Cash Flow With More Debt, Asset Sales

Large domestic oil and natural gas companies are incurring more debt and selling off assets as cash flow falters, the U.S. Energy Information Administration said... Read More

Planning Underway for Beaufort Sea Lease Sale in 2017

Federal regulators are calling for information and nominations from industry and stakeholders for the final Outer Continental Shelf sale scheduled for 2017... Read More

Still No Market for NatGas Drilling, Says Encana CEO

Encana Corp. will hold off on drilling new natural gas wells until market conditions improve, CEO Doug Suttles said Thursday... Read More

Texas Oil/Gas Boom Nearing Five-Year Mark; 'Petro Index' Sets New Record

The upstream oil and gas economy in Texas has been expanding for the past four and a half years and shows no signs of slowing thanks in part -- but not entirely -- to global geopolitical tensions, according to a barometer of industry activity called the Texas Petro Index (TPI). Read More

Apache Pressured to Sell Off International Portfolio, Focus Strictly on U.S. Onshore

Jana Partners LLC now holds an estimated $1 billion-plus stake in Apache Corp., leverage that the activist hedge fund wants to use to pressure... Read More

FMC, Four GOM Producers Collaborate on Deepwater Systems

A joint industry program is bringing together FMC Technologies Inc. and some of the biggest Gulf of Mexico (GOM) producers to develop standardized subsea production equipment for deepwater reservoirs. Read More

Interior OKs Seismic Surveys Off Atlantic Coast

The Obama administration on Friday green lighted the use of sonic sensors and air guns by the oil and gas industry to explore for resources in U.S. Atlantic waters. Read More