North America ///

PDC Energy closes core Delaware basin acquisition

PDC Energy, Inc., has announced that the Company closed the previously announced Delaware basin acquisition.

Service companies exposed to shale seen as winners of OPEC deal

Up to $15 billion in increased spending will flow into the non-OPEC shale market in 2017, according to a new analysis from Rystad Energy. This incremental change comes after OPEC’s decision to cut production by 1.2 MMbpd.

Tenaris’ billionaire owner expects oilfield lift from Trump’s trade plans

Billionaire steel tycoon Paolo Rocca is expecting the Donald Trump presidency to be a competitive boon for his oilfield tube-making business Tenaris SA in the U.S.

Gulfport Energy expands Utica footprint with $87-million acquisition

Gulfport Energy Corporation has entered into a definitive agreement with a third-party to acquire approximately 12,600 net undeveloped acres in northern Monroe County, Ohio.

Oil trades near $51 after slumping on signs of shale fightback

Oil traded near $51 a barrel amid speculation a production boost from U.S. shale producers will counter the first output cuts from OPEC in eight years.

Trump vows prompt review of Obama's Dakota Pipeline rejection

President-elect Donald Trump backs the Dakota Access Pipeline and will review a decision by the Obama administration to deny a permit needed to complete the $3.8-billion project, a spokesman said.

Chesapeake sells portion of Haynesville shale acreage for $450 million

Chesapeake Energy has signed an agreement to sell a portion of the company's acreage and producing properties in its Haynesville shale operating area, in northern Louisiana, for approximately $450 million to a private company.

Mexico's deepwater auction draws world’s biggest drillers

Mexico’s first competitive deepwater oil auction surpassed expectations as eight of 10 blocks were awarded to some of the world’s top oil companies.

Subsea Integration Alliance awarded deepwater integrated EPCIC contract by Murphy E&P

Subsea Integration Alliance has announced the industry’s first deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting system award.

Post-OPEC rally no miracle cure for Latin America’s crippled oil giants

For the three titans of Latin American oil—Pemex, PDVSA and Petrobras—last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights.

Dakota Access pipeline in new setback as U.S. permit denied

The U.S. Army Corps of Engineers denied Energy Transfer Partners a permit to build a section of the $3.8-billion Dakota Access Pipeline in North Dakota after weeks of opposition from Native Americans, environmentalists and other groups.

Shale rushes to hedge production as market turns upside down

U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50/bbl, bankers, merchants and brokers said, pushing the forward oil curve upside down.

Mexico's reign dismantled as it welcomes oil giants

In Mexico, the era of big oil is just getting started. But for the state oil dinosaur, its best days appear to be behind it.

Energy Hunter Resources to acquire Midland basin properties

Energy Hunter Resources has agreed to acquire an undivided ownership interest in certain oil producing properties in Reagan County, Texas, from an undisclosed seller.

Port Arthur LNG files application to construct liquefaction, export facilities in Texas

Sempra Energy’s liquefied natural gas subsidiaries have filed applications with the Federal Energy Regulatory Commission (FERC) seeking authorization to site, construct and operate the proposed Port Arthur LNG natural gas liquefaction facility along the Sabine-Neches Waterway in southeast Texas.

Shale cheers former enemy as OPEC cut ends years of starvation

The U.S. shale industry, gutted by 2 1/2 years of bankruptcies, writedowns, credit downgrades and layoffs, is poised to step back from the brink, thanks to an old enemy: OPEC.

Texas shale is big winner as OPEC deal brightens oil outlook

The biggest beneficiaries of OPEC’s decision to shrink oil production will include its most implacable enemies: U.S. shale drillers.

Jacobs wins Shell contract for Gulf of Mexico platform

Jacobs Engineering Group has been awarded a contract from Shell Offshore for its Vito host project in the Gulf of Mexico.

Canada boosts oil patch as Trudeau backs Kinder Morgan, Enbridge pipelines

Kinder Morgan and Enbridge won Canadian government approval for two pipeline projects—a long-awaited boost for the oil industry that could potentially expand exports, open new Asian markets and lift prices for locally produced barrels of crude.

BoomTown Oil, Juniper eye Eagle Ford with new partnership

Private equity firm Juniper Capital II, L.P. has announced a strategic partnership with BoomTown Oil to pursue and develop conventional and unconventional plays across multiple basins in the Lower 48, initially focusing on the Eagle Ford shale in South Texas.