North America ///

Bechtel wins FEED contract for first FLNG facility in U.S.

Bechtel has been selected by Delfin LNG, a wholly owned subsidiary of Fairwood Peninsula Energy Corporation, to perform front-end engineering and design (FEED) for the first U.S.-based floating liquefied natural gas (FLNG) vessel to go into service at Port Delfin.

Chesapeake troubles deepen on glut-driven second-quarter loss

Chesapeake Energy Corp., the worst-performing stock on the Standard & Poors 500 this year, posted a second-quarter loss as it joined other North American oil and gas producers squeezed by a glut-driven commodity rout.

Wood Group Mustang Onshore Pipeline and Facilities business unit created, leadership team named

Wood Group Mustang has consolidated the Pipeline, Onshore and Oil Sands business units into the Onshore Pipeline and Facilities (OPF) business unit, which provides oil and gas processing, transportation, and field services.

Breitling Energy announces new 14-well development program

Breitling Energy Corporation announces a new non-operated 35% participation in a 14-well developmental drilling program in West Texas, with the first spudding on Aug. 5.

Presidential candidates urged to outline their vision for America's energy future

The American Petroleum Institute has urged candidates at the upcoming presidential debates to outline their vision for harnessing the economic and national security opportunities created by America’s energy revolution.

Mexico pipeline boom fueled by Texas drillers

Tumbling crude prices have damped prospects that the Mexican oil-drilling laws adopted last year will spur an investment boom. Instead it’s the surge in gas-pipeline construction that’s attracting foreign capital, expanding the market for U.S. gas producers and meeting growing demand from Mexican manufacturers and power plants.

Devon Energy appoints new president, CEO

Devon Energy’s board of directors has elected Dave Hager, most recently Devon’s COO, as the company’s new president and CEO.

Team Oil Tools buys Odessa Packer Services

Team Oil Tools has acquired all the outstanding shares of Odessa Packer Services (OPS).

Oil’s drop below $50 may be just the start as demand swoons

Oil has fallen to a six-month low, and hopes of a quick rebound are fading as demand heads into an autumn swoon.

Shell's Polar Pioneer starts Arctic drilling operations

Shell's Polar Pioneer rig has started drilling operations in the Chukchi Sea, offshore Alaska.

ONEOK Partners to further expand Permian basin capacity to serve markets in Mexico

ONEOK Partners, L.P. has announced plans to invest $70 million to $100 million to expand its ONEOK WesTex Transmission (ONEOK WesTex) intrastate natural gas pipeline system by increasing its throughput capacity by 260 MMcfd of natural gas by the first quarter of 2017.

Halliburton certifies substantial compliance with DOJ second request

Halliburton announced Sunday that it has certified substantial compliance with the U.S. Department of Justice’s (DOJ) request for additional information (second request).

U.S. oil seen trading above global prices next year in BofA view

CHARLOTTE, North Carolina (Bloomberg) -- U.S. crude may temporarily rise above the global benchmark Brent next year as Middle East output expands while the nation’s supply boom fades, according to Bank of America Corp.

Oil CEOs’ grim outlook rubs off on speculators fleeing market

The world’s biggest oil companies are painting a grim picture of the future and speculators are listening.

Cameron introduces new series of flow meters

The CamCor series meters can handle many hydrocarbon production and processing applications effectively, but are especially suited for monitoring separator outlets near wellheads, crude oil custody transfer operations, in plants and pipelines delivering refined products and specialty gases, low-flow applications, and high viscosity fluids, such as crude oil and adhesives.

TransCanada quarterly profit rises on power and pipe volumes

TransCanada Corp., which divides its business between pipelines and power plants, reported higher second-quarter profit as the company transported more fuel and produced more electricity from a nuclear plant in Ontario.

Dark times ahead as oil slump lingers

Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.

Chevron profit plummets after writedown of oil asset values

Chevron Corp. posted its lowest profit in more than 12 years after an energy market rout prompted the company to write down the value of oil and gas fields by almost $2 billion.

Exxon profit lowest since 2009 as cost cuts lag oil’s drop

Exxon Mobil Corp. posted its worst quarterly performance in six years as a worldwide glut of oil collapsed prices faster than explorers trimmed costs.

Shell Arctic support vessel turned back by Greenpeace activists

Greenpeace USA activists suspended from the St. John’s Bridge in Portland, Oregon, for more than 30 hours have prevented Shell’s Arctic drilling support vessel, the Fennica, from leaving Portland.