Mexico’s commercial crude oil production began in 1901. The government agency that Luis R. Vera Morales began to lead soon after President Andres Manuel Lopez Obrador was inaugurated this past December has existed for about 4 years. Source: News

Both ExxonMobil Corp. and Chevron Corp. separately reported plans last week to increase oil and gas production from their respective operations in the Permian basin. Source: News

For the political left, the oil and gas business has long served as a foil. The industry is huge, mechanically complex, and mysterious to outsiders. It sometimes blunders with messy consequence. It therefore remains a bright target for political opportunism. Source: News

Perhaps the greatest disappointment any Oil & Gas Journal technical editor must face is losing out on a solid technology article to a less-reputable publication. Source: News

David L. French will join Rosehill Resources Inc., Houston, as president, chief executive, and director by Apr. 30. He has been president, chief executive officer, and a director of Obsidian Energy Ltd. since 2016 and held similar positions with Banker Petroleum Ltd. in 2013-16. Source: News

Production of oil, natural gas, and natural gas liquids increased in the UK by 4% in 2018 to an average of 1.7 million boe/d, according to the UK Oil and Gas Authority. Oil production alone increased 8.9% from 2017 to 1.09 million b/d, the UK’s highest rate since 2011. Gas production fell by 2.5% to […]

Petroleo Brasileiro SA (Petrobras) agreed to sell 70% interest and operatorship of Maromba field offshore Brazil to BW Offshore for $90 million. The field, about 100 km southeast of Cabo Frio in 160 m of water in the southern Campos basin block, is close to Papa-Terra, Peregrino, and Polvo oil fields where BW Offshore currently […]

Conrad Petroleum will develop Mako natural gas field offshore Indonesia under the “gross-split” production-sharing regime the country adopted in 2017. The Ministry of Energy and Mineral Resources approved a resubmitted development plan after Conrad and the government agreed to amend to Duyung production-sharing contract from cost-recovery to the gross-split scheme in January. Source: News

Global oil markets are going through a period of extraordinary change, according to the International Energy Agency’s annual oil market forecast, Oil 2019. The US will drive global oil supply growth over the next 5 years thanks to the remarkable strength of its shale industry. Meanwhile, production of heavier crude grades is hamstrung by sanctions […]

IGas Energy PLC, London, encountered more than 250 m of hydrocarbon-bearing shale in its vertical Springs Road-1 exploration well in North Nottinghamshire, England. The company reported “significant gas indications” in Upper and Lower Bowland shale and Millstone Grit sands, all of Carboniferous age. Source: News