Trump signs executive order to begin reversing Obama OCS decisions

US President Donald Trump signed an executive order that reverses his predecessor’s Arctic offshore oil and gas leasing ban and directs Interior Sec. Ryan Zinke to allow responsible development of other US offshore areas’ energy resources. Oil and gas trade associations and other business groups immediately hailed the president’s Apr. 28 action. Environmental organizations and […]

Pemex acquires seismic data for southern Gulf of Mexico

Mexico’s Petroleos Mexicanos (Pemex) will study the Salina del Istmo province in the southern Gulf of Mexico in a multiclient 3D wide azimuth survey covering deep and shallow-water areas near the Cantarell and Ku-Maloob-Zaap reservoirs. Source: News

ExxonMobil: First-quarter earnings reach $4 billion

ExxonMobil Corp. today announced estimated first quarter 2017 earnings of $4 billion compared with $1.8 billion a year earlier. The supermajor attributed the earnings jump to improvements in commodity prices, cost management, and refining operations. Source: News