Mexico’s federal government has published regulations to implement energy reforms that will open its energy sector to foreign firms. President Enrique Peña Nieto said the regulations provide the legal and institutional framework to “begin a new era of energy development.” … Continue reading
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Santa Barbara County voters rejected Proposition P, a proposed ban on hydraulic fracturing and other “high intensity” oil and gas operations. Because of its likely impact on almost all well maintenance activity, the ban would have effectively shut down most … Continue reading
Chevron Corporation (NYSE:CVX) announced on Thursday, Oct. 23, a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox … Continue reading
What opportunities will be available to American oil and gas companies, and those in allied industries, as a result of Mexico’s historic decision to open its energy sector to outside firms? What are the financial, legal and business risks these … Continue reading
The California Department of Conservation (DOC) on Oct. 9 announced the availability of revised text of proposed regulations required by Senate Bill 4 for the use of well stimulation in oil and gas production. The notice begins a 15-day public … Continue reading
The Santa Barbara County Board of Supervisors, by a 3-to-2 vote Oct. 7, approved ordinances aimed at exempting the 1,200 oil and gas wells now operating in unincorporated areas of the County from an anti-fracking measure voters will consider in … Continue reading