Mexico's lower house passes oil overhaul to end state monopoly ERIC MARTIN and ADAM WILLIAMS MEXICO CITY (Bloomberg) Mexico’s lower house passed an energy bill that ends Petroleos Mexicanos’s 75 year oil monopoly in a bid to attract foreign investment and
Chevron announces $39.8 billion capital and exploratory budget for 2014, $2 billion lower than 2013 SAN RAMON, Calif. Chevron has announced a $39.8 billion capital and exploratory investment program for 2014. Included in the 2014 program are $4.8 billion of
U.S. Mexico accord on deepwater drilling in Western Gulf part of budget deal CAITLIN WEBBER WASHINGTON D.C. (Bloomberg) Deepwater oil and gas exploration would be allowed to proceed in parts of the western Gulf of Mexico as part of a
Marathon oil seeks North Sea buyer, boosts shale spending BY STEPHEN CUNNINGHAM HOUSTON (Bloomberg) Marathon Oil Corp., the U.S. energy explorer that spun off its refineries two years ago, is seeking a buyer for North Sea oilfields as it shrinks
(Bloomberg) -- U.S. President Barack Obama’s ruling on Keystone XL is becoming more critical for oil-sands producers such as Canadian Natural Resources Ltd. than pipeline builder TransCanada Corp.
Mexico senate committees’ approval paves way for energy overhaul ADAM WILLIAMS and NACHA CATTAN MEXICO CITY (Bloomberg) Mexico’s seven decade state energy monopoly is one step closer to allowing private oil investment after Senate committees voted in principle to approve
Yes, I am referring to the Offshore Technology Conference's (OTC's) very successful young professionals leadership program. We initiated this program in 2006, to help retain and attract oil and gas professionals with under 10 years' experience. The young professionals' Leadership Team selects program content, speakers and formats that address their needs.
American energy entered a renaissance in 2013 that could change the economic direction of the U.S. for generations. For the first time since former President Richard Nixon and his successors vowed to achieve American energy independence, the U.S. is on the verge of that milestone. Our industry has provided the backbone for a steadily recovering economy that has stabilized growth and provided much needed energy resources.
The oil and gas business is at an unusual juncture in our history. We're faster and more efficient than ever in solving subsurface engineering problems, and our industry now has a decades-long inventory of known, productive drilling locations in the U.S. The U.S. recently passed Russia and Saudi Arabia as the top oil and natural gas producer in the world. Oil and natural gas supplies are not constrained by resources any longer, but, instead, by above-ground issues.