Drilling

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

Mexico's First Independent E&P Secures $525M in Private Investments

Mexico's first independent exploration and production (E&P) company is securing its initial $525 million in funding with the help of private equity (PE) investors, including two big U.S. firms. Read More

Huge Benefits Projected for East Coast States With Atlantic OCS Drilling

Offshore oil and natural gas drilling in two offshore areas along the Atlantic seaboard could add $10.8 billion to $60 billion in value, and $2.1 billion to $11.6 billion in additional tax revenue for states along the East Coast, according to a report released Wednesday and funded by several right-leaning organizations. Read More

DOE Expands Initiatives to Support U.S. Manufacturing, Energy Productivity

In its continuing effort to support President Obama’s goal of doubling energy productivity by 2030, the Department of Energy said... Read More

Treasury Sanctions Threaten ExxonMobil, Rosneft Projects

Sanctions imposed on Friday by the Obama administration threaten to choke billions in joint development agreements between Russia's OAO Rosneft to drill for Arctic and unconventional oil and gas with ExxonMobil Corp. Read More