North America ///

Well Control Rule set to take effect this week

With many of the Well Control Rule provisions set to take effect in less than a week, on July 28, Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno today reminded his senior staff to provide timely responses to any questions the agency receives.

Deep Down nets orders valued at over $3 million

Deep Down, an oilfield services company specializing in deepwater and ultra-deepwater oil production distribution system support services, has received orders for flying leads and umbilical accessories, valued at over $3 million, directly from two major operators.

Oil tumbles to three-month low as U.S. drilling climbs amid glut

Oil dropped to the lowest in three months in New York after U.S. producers increased drilling for a fourth week even as the market contends with abundant stockpiles.

Highlands Natural Resources farms into DJ basin acreage

Highlands Natural Resources has entered into a farm-in agreement in Arapahoe County, Colo., with Renegade Oil & Gas Company, which will allow it to drill up to six horizontal wells in acreage prospective for the Niobrara shale formation.

Suncor's emissions goal seen challenging even without total cuts

Suncor Energy Inc. plans to hold total greenhouse gas emissions at current levels through 2030, even as it boosts crude production by targeting a reduction in carbon output per barrel.

Southwestern's gas drilling revival could be bad sign for U.S. bulls

Southwestern Energy Co.’s revival of its dormant drilling program may be the beginning of the end for the U.S. natural gas rally.

BOEM to broadcast next month’s Gulf of Mexico lease sale online

BOEM Director Abigail Ross Hopper announced Friday that the bureau will offer 23.8 million acres offshore Texas for oil and gas exploration and development in a milestone lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.

Operators add 14 oil rigs in longest streak since August

U.S. oil producers continue to revive drilling in the shale patch, adding rigs for the fourth consecutive week in the longest streak of increases since August.

Noble Energy starts production at Gunflint in deepwater Gulf of Mexico

Noble Energy has started production at the company's Gunflint oil development in the deepwater Gulf of Mexico.

Precision Drilling eyes Kuwait growth once oil prices recover

Precision Drilling Corp. is eyeing growth in Kuwait and other Middle Eastern countries once crude prices recover as a way to reduce dependency on North American markets, CEO Kevin Neveu said.

Fraclog in the biggest U.S. oil field may all but disappear

The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter—and may all but disappear in the nation’s biggest oil field should prices hold steady.

$150 billion slashed in U.S. Lower 48 alone: Wood Mac

Of the more than $370 billion in global capital expenditure cut by upstream developers across 2016 and 2017, $150 billion was slashed in the U.S. Lower 48 alone—more than three times any other single country, according Wood Mackenzie.

Technip wins MSA for Louisiana’s Monkey Island LNG project

Technip was awarded a Master Services Agreement (MSA) by SCT&E LNG, Inc. for their proposed 12 mtpa LNG export terminal on Monkey Island, in Cameron Parish, La.

American LNG will be first to pass through expanded Panama Canal

The first cargo of liquefied natural gas set to pass through the newly expanded Panama Canal locks will be American.

Packers Plus cuts completion costs in Duvernay formation by up to 30%

Packers Plus Energy Services’ StackFRAC Titanium XV HPHT open hole ball drop completion system enabled operators in Alberta's Duvernay formation to achieve cost savings of up to 30% compared to plug-and-perf completion methods.

Sanchez Production Partners closes sale of operated assets in Oklahoma, Kansas

Sanchez Production Partners (SPP) has closed the sale of substantially all of its operated oil and natural gas wells, leases and associated assets and interests in Oklahoma and Kansas.

First foreign tanker set to load Alaska oil in three decades

A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in more than 30 years.

Chesapeake, Tom Ward sued by shale owners for alleged conspiracy

Chesapeake Energy Corp., the company Aubrey McClendon built into a natural-gas giant, was sued along with his former partner by investors who say the pair conspired to rig bids for drilling rights during the shale boom.

U.S. Silica to acquire regional frac sand producer for $210 million

U.S. Silica Holdings, Inc., has agreed to acquire a leading regional sand producer for approximately $210 million, subject to certain adjustments at closing.

Devon Energy brings record-setting well online in Oklahoma's STACK play

Devon Energy Corp. has brought online another successful spacing pilot and a record-setting oil well in the over-pressured oil window of the STACK play.