Oil and gas drilling news

Here are some recent news articles and updates on the oil and gas drilling industry:

Global Oil and Gas Industry News

  1. Oil prices rise as OPEC+ agrees to modest output increase: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, have agreed to increase oil production by 500,000 barrels per day (bpd) in July, according to a report by Reuters. (Source: Reuters)
  2. Global oil demand to rise 1.4 million bpd in 2023: The International Energy Agency (IEA) has forecast that global oil demand will rise by 1.4 million barrels per day (bpd) in 2023, driven by economic growth and increased use of oil in transportation. (Source: IEA)
  3. US oil production to reach record high in 2023: The US Energy Information Administration (EIA) has forecast that US oil production will reach a record high of 12.4 million barrels per day (bpd) in 2023, driven by increased drilling and production in the Permian Basin. (Source: EIA)

North American Oil and Gas Industry News

  1. US shale oil production to rise 10% in 2023: The EIA has forecast that US shale oil production will rise by 10% in 2023, driven by increased drilling and production in the Permian Basin and other regions. (Source: EIA)
  2. Canada's oil sands production to rise 3% in 2023: The Canadian Association of Petroleum Producers (CAPP) has forecast that oil sands production in Canada will rise by 3% in 2023, driven by increased investment and production from existing projects. (Source: CAPP)
  3. Mexico's oil production to rise 10% in 2023: The Mexican government has forecast that oil production in Mexico will rise by 10% in 2023, driven by increased investment and production from existing fields. (Source: Mexican Ministry of Energy)

Offshore Oil and Gas Industry News

  1. BP to invest $10 billion in offshore oil and gas projects: BP has announced plans to invest $10 billion in offshore oil and gas projects over the next five years, including the development of new fields and the expansion of existing ones. (Source: BP)
  2. Shell to invest $3 billion in offshore wind and oil projects: Royal Dutch Shell has announced plans to invest $3 billion in offshore wind and oil projects over the next five years, including the development of new wind farms and the expansion of existing oil fields. (Source: Shell)
  3. Total to invest $5 billion in offshore oil and gas projects: Total has announced plans to invest $5 billion in offshore oil and gas projects over the next five years, including the development of new fields and the expansion of existing ones. (Source: Total)

Environmental and Regulatory News

  1. US court rules against Trump administration's oil and gas leasing plan: A US court has ruled against the Trump administration's plan to open up millions of acres of public land to oil and gas leasing, citing concerns about climate change and environmental impacts. (Source: The Hill)
  2. EU to introduce stricter emissions standards for oil and gas industry: The European Union has announced plans to introduce stricter emissions standards for the oil and gas industry, including requirements for companies to reduce their carbon footprint and invest in low-carbon technologies. (Source: EU)
  3. New York state bans fracking and oil and gas drilling: New York state has banned fracking and oil and gas drilling, citing concerns about environmental and health impacts. (Source: New York Times)