North America ///

New Brunswick's decision to extend fracing moratorium is a step in wrong direction, CAPP says

The Canadian Association of Petroleum Producers (CAPP) has expressed disappointment with the New Brunswick government’s decision to extend the moratorium on hydraulic fracturing.

Trump says he'd approve Keystone XL for a share of profits

Republican presidential candidate Donald Trump said he would approve TransCanada Corp.’s proposed Keystone XL oil pipeline, but he wants a “better deal.”

Trump to make energy policy pitch in shale country

Donald Trump is poised to give his first substantive energy policy speech in North Dakota, a state eager to hear how he can help the industry recover from the worst downturn in a generation.

Oil climbs to seven-month high as U.S. crude supply, output decline

Oil rose to the highest level in more than seven months in New York, after a government report showed that U.S. crude inventories and production declined, easing a glut.

Packers Plus cemented system reduces completion cost, risk for STACK operator

Packers Plus Energy Services has announced the successful completion of a "multi-cluster" stimulation in a cemented system, which simulated plug-and-perf operations in the Meramec formation within the STACK play of Oklahoma.

BP boosts Thunder Horse production with water injection project

BP has started up a major water injection project at its Thunder Horse platform, extending the production life of one of the biggest deepwater fields in the U.S. Gulf of Mexico.

TGS announces new multi-client 3D program in Newfoundland-Labrador

TGS announces the expansion of its multi-client library offshore Eastern Canada, with plans to acquire approximately 2,000 km² of 3D seismic data, in partnership with PGS.

DJ basin beats Bakken, Permian, Eagle Ford on commerciality of fraclog

The heart of the DJ basin, Weld County, exhibits the most commercial fraclog with an average completion cost per barrel of $4.70, according to a study by Rystad Energy.

Chinese company searching for billion-dollar oil deals in Texas

China’s Yantai Xinchao Industry Co. is pursuing U.S. oil acquisitions worth as much as $1 billion in the Permian basin, and it won’t be satisfied letting others run the show, according to the head of the company’s U.S. subsidiary.

InterAct awarded contract for well integrity services in California

InterAct, an Acteon company, has been awarded a contract with a major West Coast operator to provide well integrity management and engineering services for three gas fields in California.

Parsley Energy acquires mineral rights in Southern Delaware basin

Parsley Energy has entered into an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas, in the Southern Delaware basin for $280.5 million in cash.

Conventional discoveries outside North America at lowest since 1952: IHS

Volumes for conventional oil and gas discoveries made outside of North America have continued their multi-year decline, and the results are dramatic—just 12 Bboe of estimated recoverable resources were discovered in 2015, a record low since 1952, when discoveries reached just 7.8 Bboe, according to new analysis from HIS.

Offshore drilling foes invoke 1953 law to prod Obama on U.S. ban

Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for stopping oil development off U.S. coasts: persuading President Barack Obama to use a 1953 law to bar offshore drilling permanently.

AccessESP successfully replaces ESP using standard slickline unit

AccessESP, a leading provider of rigless electric submersible pump (ESP) conveyance solutions for the worldwide oil industry, has successfully retrieved and replaced an existing ESP for a major operator on the Alaskan North Slope using a standard slickline unit.

U.S. remains largest producer of petroleum and natural gas hydrocarbons: EIA

The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2015, according to U.S. Energy Information Administration estimates.

Shale drillers hold off retiring oil rigs as cash flows improve

Oil explorers in the U.S. put a pause on their rig cancellations this week as improving technology and rising prices make some basins more profitable.

Offshore leasing program lacks vision, doesn’t reflect U.S. energy leadership: API

API has called on the federal government to align its offshore leasing program to reflect America’s new role as a global energy superpower and focus on the opportunities this creates for the country.

Murkowski warns Obama admin on Arctic lease sales

U.S. Sen. Lisa Murkowski, R-Alaska, pressed the federal BOEM to maintain all three lease sales proposed for Alaska’s Outer Continental Shelf in its final program for 2017 through 2022.

Exxon, Total, Chevron in talks with Pemex on Gulf prospects

Petroleos Mexicanos is in talks with Exxon Mobil Corp., Total and Chevron Corp. as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.

American Energy to shut down after passing of founder

American Energy Partners (AEP) LP, the firm created by Aubrey McClendon, will shut down following the shale pioneer’s death, the company said in a statement emailed by an outside spokeswoman.