North America ///

Saudis take aim at swollen U.S. oil stockpiles in strategy shift

After sparing its prized U.S. market from oil-output cuts, Saudi Arabia plans to "markedly" reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude inventories in the world’s biggest consumer.

Kinder Morgan commits to pipe linking Canadian crude to Asian markets

Kinder Morgan Inc. has committed to expanding a pipeline that will allow Canadian crude to be exported to Asia, a controversial C$7.4 billion ($5.5 billion) project that’s set to face revitalized opposition amid political upheaval in the nation’s Pacific Coast province.

Flat Time Reduction launches Lean Oilfield Solutions

Flat Time Reduction (FTR), a Houston-based engineering and management consulting firm, has developed a new system tailored specifically for the oil and gas industry, based on the proven methodology behind lean manufacturing.

Goldman sees OPEC cut dwarfing U.S. oil sale, if it occurs at all

OPEC can rest easy even on the off chance that Donald Trump’s plan to sell U.S. oil reserves comes to fruition, according to Goldman Sachs Group Inc.

OPEC seen reducing crude exports to U.S., while U.S. ships more

OPEC is finally making the move that could help complete a mission that it’s failed so far: shipping less oil to the U.S., according to Sanford C. Bernstein.

Texas Railroad Commissioner Ryan Sitton discusses innovative disruption in energy

Railroad Commissioner Ryan Sitton met with 100 senior level oil and gas executives in Houston yesterday for "An Energy Evening" hosted by KCA, a business consultancy serving energy, technology and legal clients.

Trump proposes $204.9 million budget for BSEE in 2018

President Donald Trump has proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE).

Exxon Mobil awards contract extension for Maersk Viking drillship

Maersk Drilling has been awarded a contract extension for the ultra-deepwater drillship Maersk Viking, by oil major Exxon Mobil. The estimated value of the contract extension is $22.5 million, with a duration of 150 days.

Trump's bid to sell U.S. reserve oil could undermine OPEC cuts

President Donald Trump has proposed selling off more than half of the U.S. emergency oil stockpile, potentially putting more crude on the global market and undermining OPEC’s efforts to prop up prices.

Subsea Systems Institute launches digital upstream project

The Subsea Systems Institute (SSI) announces that, in partnership with Endeavor Management and World Oil, it will sponsor an industry-based initiative focused on adapting the broad area of digitalization to the upstream oil and gas industry.

LINN Energy sells interest in San Joaquin basin for $263 million

LINN Energy, Inc. has announced that it has signed a definitive agreement to sell its interest in properties located in the San Joaquin basin, Calif., to an undisclosed buyer for a contract price of $263 million, subject to closing adjustments.

Oil holds gain as data show U.S. supplies fall before OPEC meets

Oil rose a sixth consecutive day as industry data showed U.S. crude stockpiles declined before OPEC meets to decide on extending supply cuts.

Flint Hills Resources Houston awarded EPA's ENERGY STAR Partner of the Year Award

Flint Hills Resources Houston, a Koch Industries company, announced it has earned the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR Partner of the Year Award for 2017.

White Knight doubles reserves, acreage and production with TXON-SCZ merger

White Knight Production I (WKP) has announced the prior closing of its combination with TXON-SCZ, LLC, bringing together the assets of the two private, independent oil and gas portfolio companies of private equity firm Bayou City Energy (BCE).

Trump proposes selling off half the U.S. strategic oil reserve

The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile, part of a broad series of changes proposed by President Donald Trump to the federal government’s role in energy markets.

GEST issues statement on appointment of Scott Angelle to director of BSEE

Lori LeBlanc, executive director of the Gulf Economic Survival Team, issued the following statement today on the appointment of Louisiana Public Service Commissioner and former Louisiana Department of Natural Resources Secretary Scott Angelle to the post of director of the U.S. Department of Interior’s Bureau of Safety, Energy and Environment (BSEE).

China's love for U.S. gas begins as Trump rolls out red carpet

Let the gushing begin. After an executive from U.S. liquefied natural gas exporter Cheniere Energy Inc. spoke to a few hundred people at a conference in Beijing last week, the first question from the audience turned out to be an invitation to visit one of China’s biggest energy firms and a main LNG buyer, the state-owned giant known as Sinopec.

Saudis greet Trump with deals worth billions of dollars

Saudi Arabia welcomed U.S. President Donald Trump with agreements for deals worth tens of billions of dollars on Saturday, as he embarked on his first state visit to the kingdom, which is undertaking unprecedented economic reforms.

BOEM publishes final notice for June Cook Inlet lease sale

The Bureau of Ocean Energy Management (BOEM) today announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21.

Anadarko’s Walker: Oil won’t move past $60/bbl before 2020, industry needs NAFTA

Crude oil prices have varied widely in the past year, and Anadarko CEO Al Walker doesn’t think prices will extend beyond the $50-$60/bbl range before the end of the decade.