North America ///
While OPEC’s fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50/bbl, an entirely different picture could emerge next year.
Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted.
Natural gas production across all major shale regions in EIA's Drilling Productivity Report (DPR) is projected to decrease for the first time in September. Production from these seven shale regions reached a high in May at 45.6 Bcfd and is expected to decline to 44.9 Bcfd in September.
Schlumberger Ltd.’s takeover of Cameron International Corp. could inspire more dealmaking.
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.
If there was any question over whether this year’s oil crash would give rise to a new era of energy megadeals, there isn’t anymore.
Danos has been selected by Shell Offshore Inc. to fabricate three boarding valve skid assemblies for its deepwater Appomattox project.
Despite the slowdown, production growth in the Eagle Ford remains resilient as sweet spots emerge across all active sub-plays according to Wood Mackenzie's North America Key play analysis.
Bad news is pouring down on the U.S. oil industry so quickly that analysts can’t keep up.
Oil swung between gains and losses in New York as further declines in China’s stock market fanned concern that its fuel demand may slow while global crude markets remain oversupplied
Transocean Ltd., the offshore oil-rig operator that lost two-thirds of its value in the past year, plans to cancel its dividend and record 2 billion Swiss francs ($2.1 billion) in asset impairments as free-falling crude prices slash demand for drilling vessels.
Investors sent a surprising message to U.S. shale producers as crude fell almost 20% in August: keep calm and drill on.
Encana Oil & Gas (USA) Inc. has reached an agreement to sell its Haynesville natural gas assets, in northern Louisiana, to GEP Haynesville, LLC.
Oil and gas companies are looking more attractive to buy than individual assets following the plunge in share prices, according to Oil Search Ltd., Exxon Mobil Corp.’s partner in Papua New Guinea.
The global oil market is healthier than it looks, signaling that crude’s plunge to six-year lows has probably gone too far.
Hydrocarb Energy Corporation disclosed Monday that its Galveston Bay State Tract 246 well #181 has been completed at a rate of 1,500,000 cfgd, through a 12/64-in. choke, from the Frio 7 formation.
It’s pretty lonely being an oil bull these days.
Oil in London slid below $45/bbl for the first time since March 2009 as Iran reiterated it will boost production and U.S. drillers showed no signs of slowing.
Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI.
Oil headed for the longest run of weekly declines in almost three decades on signs the supply glut that drove prices to a six-year low will be prolonged.