North America ///

Wood Group wins FEED contract for first-of-its-kind LNG production platform

The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its LNG platform development in the West Delta area of the Gulf of Mexico.

TransCanada wins approval to build Keystone XL in Nebraska

TransCanada Corp. won Nebraska’s permission to build its long-delayed Keystone XL crude oil pipeline across the state.

$1.8-billion Tenaris mill in Bay City targets Permian operators

Tenaris recently opened a new $1.8-billion pipe manufacturing mill in Bay City, Texas, and with the new mill, it is targeting service for U.S. shale operators—in particular, those operating in the Permian basin—according to a local Houston newspaper.

Keystone pipeline springs leak as extension decision nears

Days before Nebraska regulators are set to rule on TransCanada Corp.’s XL extension to its Keystone pipeline, the existing conduit has sprung a major leak.

Asian investor steps into America's shale gas market

A relentless flow of natural gas from America’s shale basins is drawing bears to the market—and that’s music to the ears of at least one Asia-backed investor.

Africa Oil Corp. acquires shares of Eco Oil & Gas

Africa Oil Corp. today announced that it had acquired 29,200,000 common shares of Eco (Atlantic) Oil and Gas Ltd. for CAD$0.48 per common share.

Shale boss Hamm gives oil forecasters a reality check

The boom in U.S. shale-oil production requires "more sophisticated" forecasting than ever, billionaire oilman Harold Hamm said in an interview.

Arctic refuge drilling moves closer to reality with Senate vote

Oil drilling in the Arctic National Wildlife Refuge took a significant step forward Wednesday, as the Senate energy committee approved legislation to compel lease sales in the 1.5-million-acre coastal plain along Alaska’s northeast coast -- tying it to tax reform.

Shale goal in sight: Pump with a profit, without hurting growth

Shale drillers are promising to add a new wrinkle to their world-shaking oil boom: they may finally make money.

Oilman Harold Hamm set to talk crude outlook with EIA—the agency he blasted

The U.S. Energy Information Administration is set to discuss trends in crude production, and it’s invited one of its most vocal critics to join the party.

Oil retreats as IEA casts dark cloud over 2018 market outlook

Crude took a step back now that 2018 isn’t looking so hot anymore.

U.S. to dominate oil markets after biggest boom in world history

The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.

Buying Texas oil at New Mexico prices: Majors go west for shale

The state, which covers a smaller part of the oil-soaked shale formation, is the fourth-largest U.S. producer and luring industry giants including ExxonMobil, Chevron Corp., EOG Resources Inc. and Occidental Petroleum Corp. Their investments -- while small compared with Texas -- are increasing as activity in the rest of the Permian starts to slow down.

Breakup of Saudi-Russian alliance would collapse crude prices, Citigroup says

The Saudi- and Russia-led supply limits that have lifted crude to a 2 1/2-year high must be prolonged for an extended period or prices will collapse, said Ed Morse, global head of commodities research at Citigroup Inc.

GE-Baker Hughes romance may be ending after four-month run

Little more than four months after General Electric Co. married its oil and natural gas unit to Baker Hughes’s technical services business, GE’s eyes are wandering.

EQT completes acquisition of Rice Energy

EQT Corporation has announced that it has completed its acquisition of Rice Energy Inc.

IEA sees U.S. shale surge as biggest oil and gas boom in history

The supply surge from U.S. shale will beat the biggest gains seen in the history of the industry, the IEA predicted.

Hess Corp. issues statement on impact from incident at Shell Enchilada platform

Hess Corporation has released a statement about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the damaged portions of the asset is being developed.

Central Park's got nothing on Exxon's super-long shale oil wells

ExxonMobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park.

Emerald Bay begins Kuhn 4 completion operations ahead of schedule

Emerald Bay Energy Inc. has announced that completion operations have begun on the Kuhn 4 well at the Company’s Wooden Horse play in South Texas.