North America ///

Mexico says world's largest oil hedge has been completed

Mexico has completed its annual oil hedge for 2018, which will lock in an average export price of $46/bbl of crude, Deputy Finance Minister Vanessa Rubio said in an interview.

EIA: U.S. crude production to increase through year-end, setting up record 2018

EIA forecasts that U.S crude oil production will average 9.4 MMbpd in the second half of 2017, 340,000 bpd more than in the first half of 2017. Production in 2018 is expected to average 9.9 MMbpd, surpassing the previous high of 9.6 MMbpd set in 1970, based on projections in EIA’s Short-Term Energy Outlook (STEO).

Highlands Natural Resources reports completion of hydraulic fracturing at East Denver

Highlands Natural Resources, the London-listed natural resources company, is pleased to announce that it has successfully completed hydraulic fracturing operations, and is now preparing both the Wildhorse and Powell wells for flowback and production of oil and gas at its East Denver Niobrara Project in Colorado.

Rescue operations underway after platform explosion on Lake Pontchartrain

First responders are operating at the site of an explosion from an oil production platform on Lake Pontchartrain, La., northwest of Treasure Chest Casino. It has been reported that one person is missing and seven are injured as a result of the explosion.

LAGCOE and INNOV8 Acadiana to host Energy Innovators Pitch Challenge

Following its success at LAGCOE 2015, LAGCOE and INNOV8 Acadiana will again host the Energy Innovators Pitch Challenge. This event seeks to connect the best emerging energy innovators ready to move their business ideas forward with credible investors.

LAGCOE prepares robust and diversified technical program for LAGCOE 2017

LAGCOE 2017 features a full agenda of presentations on innovative technological advances and business issues covering onshore and offshore operation, the midstream market and LNG. Presentation topics will range from information-intensive technical presentations to interactive panel discussions reviewing hot topics affecting the industry.

Meet LAGCOE Looey 2017: Don Briggs, founding member and president of Louisiana Oil and Gas Association

LAGCOE is proud to announce LAGCOE Looey 2017, Mr. Don Briggs, Founding Member and President of the Louisiana Oil and Gas Association. LAGCOE Looey is an honorary position given to someone who has accomplished something great in the oil and gas industry.

LAGCOE 2017 selected as a 2017 International Buyer Program Select event

LAGCOE 2017 has been selected by the U.S. Department of Commerce as one of only two oil and gas expositions to participate in its International Buyer Program Select in 2017. Through this program, attendees have a chance to make one-on-one contacts with industry decision makers and develop dynamic business relationships. The International Buyer Program, a joint government industry effort, is coordinated by the U.S. Department of Commerce who assists our international guests in meeting with targeted exhibitors to cultivate partnerships.

Technological advances a focus at LAGCOE 2017

With the New Technology Showcase at the forefront of a technical exposition and conference full of innovation, LAGCOE 2017 attendees are exposed to emerging technology as well as a front row seat to the next big thing.

Why attend LAGCOE 2017?

LAGCOE 2017 is right around the corner. Here is an inside look into all of the exciting reasons to attend LAGCOE 2017. Industry Personnel: register for free to attend LAGCOE 2017 to connect with colleagues from around the globe, explore the latest industry equipment, products and services, and discover cutting-edge industry innovations and technical knowledge. Registration is limited to energy industry personnel.

IPAA: Producers are committed to being smart, responsible stewards of federal lands

Independent Petroleum Association of America (IPAA) Senior V.P. of Government Relations and Political Affairs Dan Naatz testified today at a legislative hearing before the U.S. House Natural Resources Subcommittee on Energy and Mineral Resources on the important role U.S. independent oil and natural gas producers play in the safe, responsible development of federal onshore resources to grow America’s economy, create well-paying jobs, and strengthen the nation’s energy security.

EIA: Permian basin to drive fourth-quarter U.S crude production increases

In its Short-Term Energy Outlook (STEO) update released this week, EIA forecasts that U.S crude oil production will average 9.4 MMbpd in the second half of 2017, 340,000 bpd more than in the first half of 2017.

BNK Petroleum reports initial production of 730 boed at Brock 9-2H well

BNK Petroleum Inc. has announced that the Brock 9-2H well (100% working interest) averaged about 730 boed, of which 625 bbl are oil, for the last 5 days, while still producing back completion fluid.

World Oil Award 2017 winners honored at Houston gala

More than 300 of the upstream oil and gas industry’s brightest minds gathered Thursday to find out, and celebrate, the winners of the 2017 World Oil Awards.

Positive signs for oilfield services sector as U.S. onshore market set to grow, Westwood says

Westwood Global Energy Group, energy market research consultancy, has published a new market outlook for the U.S. drilling and completion market for the period from 2018 to 2022.

Professionals explore latest E&P innovations, trends at ATCE 2017 in San Antonio

On Oct. 9-11, the Society of Petroleum Engineers (SPE) hosted global exploration and production professionals for the 2017 Annual Technical Conference and Exhibition (ATCE) at the Henry B. Gonzalez Convention Center in San Antonio, Texas, USA.

Patterson-UTI Energy completes acquisition of MS Energy Services

Patterson-UTI Energy, Inc. announced today that it has closed the previously announced acquisition of Multi-Shot, LLC, doing business as MS Energy Services.

Chevron contributes $500,000 to California wildfire relief efforts

Chevron has announced a contribution of $500,000 from the Chevron Global Community Fund to the American Red Cross in support of immediate relief efforts for the wildfires in Northern and Southern California.

Back-up cutters prevail in hard and abrasive rock

Seth Anderle, Brad Dunbar, Shilin Chen, Halliburton

A new backup cutter layout extends bit life without sacrificing rate of penetration.

Canadian oil's high-priced run set to end as supply surges

Canadian oil-sands producers enjoying the strongest market for heavy crude since 2008 will soon face a renewed glut.