North America ///

KKR, Venado Oil and Gas form Eagle Ford partnership

KKR and Venado Oil and Gas are partnering to consolidate proven assets in the Eagle Ford shale of South Texas.

Shale revival seen taking hold as oil price recovers

The biggest reboot of U.S. oil and gas rigs in two years will gain traction as higher prices prompt producers to resume investment in the most profitable plays, according to a report by Platts RigData.

Energy Hunter Resources to acquire Permian basin mineral rights

Energy Hunter Resources, an oil-focused energy company headquartered in Dallas, Texas, has entered into an agreement to acquire mineral rights under approximately 320 gross acres in Howard County, Texas.

Jones Energy completes STACK/SCOOP acquisition, opens Oklahoma City office

Jones Energy has announced the closing of its STACK/SCOOP acquisition for a closing price of $136.5 million, subject to customary post-closing adjustments, and announced the opening of an office in Oklahoma City.

Petronas faces $27-billion question after Canada’s LNG approval

After more than three years of regulatory review, the energy companies behind a proposed $27-billion LNG plant on Canada’s Pacific Coast received conditional government approval on Tuesday.

Sunoco buys Permian oil system from Vitol for $760 million

Sunoco Logistics Partners shares plunged the most since March after an announcement that it’s buying a Texas pipeline network to expand its position in one of the few places in the U.S. where oil producers are still eager to drill.

Apache’s Delaware basin discovery drives interest, but lies in historically underperforming area, IHS Markit says

Apache Corporation’s recent announcement that it had made a significant new oil and gas discovery in the southern portion of the Delaware basin in West Texas has strengthened industry interest in the emerging sub-play, but previous well results from other operators in the immediate area have been poor, according to analysis from IHS Markit.

Rice Energy expands in Marcellus with $2.7-billion Vantage Energy buy

Rice Energy has entered into a purchase and sale agreement to acquire Vantage Energy, LLC and Vantage Energy II, LLC for approximately $2.7 billion, including the assumption of debt.

EIA: Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas

Production of oil and natural gas in the Appalachian basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012.

Trump vows to speed energy infrastructure projects

Republican presidential nominee Donald Trump vowed to speed the government’s approval of energy infrastructure projects -- after the Obama administration moved to stall an oil pipeline in the Dakotas that has drawn protests.

Analyst touts industry’s cost reductions in U.S. shale plays

Recent analysis and statistical research have shown that break-even prices for oil production in the major U.S. shale plays have fallen, on average, at least $30/bbl for WTI.

Top Permian oil producer says rig counts in the region are going to soar

The biggest player in the Permian basin, America's most coveted oil field, thinks rig counts in the region are poised for explosive growth.

Schlumberger executes contract with Petronas for multi-client wide-azimuth deepwater seismic survey

Schlumberger announced today that PETRONAS, through its wholly-owned subsidiary, PETRONAS (E&P) OVERSEAS VENTURES SDN. BHD., has signed an agreement to license a significant part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multi-client seismic survey in the southern Gulf of Mexico.

Imperial sees Syncrude, Suncor mines sharing to cut costs

Imperial Oil and Suncor Energy are looking for more ways to shave costs at their Syncrude joint venture by sharing trucks, storage and other resources with nearby operations owned by Suncor, Imperial CEO Richard Kruger said.

Shell Canada strikes out in Shelburne basin

Shell Canada, operator of the Shelburne basin joint venture exploration project, has advised that the drilling of the first exploration well has been completed and is non-commercial.

GE introduces new Industrial Internet Control System

Today, GE’s Automation & Controls business introduced GE’s new Industrial Internet Control System (IICS) at its 2016 Connected Controls Symposium at the company’s Global Research Center in Niskayuna, N.Y.

Exxon’s accounting said to prompt SEC review after oil slump

Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter.

Endeavor Management announces shale completion best practices JIP

Endeavor Management has opened participation in its latest joint industry project (JIP)—Best Practices for Shale Completion Operations.

Bellatrix to sell non-core assets for C$47 million

Bellatrix Exploration has entered into an agreement with InPlay Oil Corp. to sell certain non-core Cardium focused assets in the greater Pembina area of Alberta for a total consideration of C$47 million ($35.6 million).

CGG delivers 38,000 sq km of seismic data ahead of Mexico’s licensing round

CGG said Tuesday that the Fast Trax Reverse Time Migration (RTM) data from its Encontrado multi-client mega-merge project, covering the Perdido fold belt, has been delivered on time to the industry and the Comision Nacional de Hidrocarburos (CNH) ahead of Mexico’s December licensing round.