The Trump administration approved seismic testing in the Atlantic Ocean Friday, in what would be the first step in expanding offshore oil and gas drilling to the East Coast. Visit Oilfield1 Shop In a notice published Friday, the National Marine Fisheries Service said it had awarded permits to […]
New rules allowing a greater number of liquefied natural gas tankers to pass through the Panama Canal per day are expected to boost the development of the multibillion dollar industry along the U.S. Gulf Coast. Visit Oilfield1 Shop Jorge Barakat, minister of maritime affairs for the Panama Maritime […]
The operators of the 800-mile (1,290-kilometer) long trans-Alaska pipeline said they shut the system down as a precaution following the earthquake in southcentral Alaska. Visit Oilfield1 Shop Michelle Egan is a spokeswoman with Alyeska (Al-ee-es-kuh) Pipeline Service Company. She says there is no known damage to the pipeline. […]
The United States has surpassed the 1970 record for proven oil and gas reserves, roughly doubling the amount of discovered petroleum in the ground in the past decade, the federal government said Thursday. Visit Oilfield1 Shop The U.S. shale boom has unlocked large volumes of oil and gas, […]
Mexico’s state oil company said Tuesday that it is tripling the reserve estimates for its biggest onshore oil and gas discovery in 25 years. Pemex Chief Executive Carlos Trevino said exploration results at its Ixachi exploratory wells indicate the light oil and natural gas discovery near the eastern […]
The Houston oil and gas company Sanchez Energy is preparing to drill 13 new wells in a natural gas-rich region of the Eagle Ford Shale just as its stock started trading below $1 per share and natural gas prices hit near-three-year highs. The Railroad Commission of Texas issued […]
The map lays out OPEC’s nightmare in graphic form. An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a […]
Seventeen energy companies operating in West Texas’ booming Permian Basin said they’re pledging more than $100 million to help improve roads, schools, health care, housing and workforce training. Visit Oilfield1 Shop The mostly rural region in West Texas and southeastern New Mexico was upended by the oil-drilling resurgence […]
The world will increasingly depend on U.S. shale production to supply the crude oil needed to meet modest global demand growth, the International Energy Agency said in a new report. Visit Oilfield1 Shop The World Energy Outlook report focuses on the shift from oil to electricity to power […]
Houston-based Phillips 66 said it is planning two oil pipeline systems that would stretch from North Dakota and Oklahoma to the Texas Gulf Coast. Phillips 66 said the proposed Liberty Pipeline would stretch from the Bakken Shale and the Rockies to Corpus Christi, presumably to take oil from […]
