North America ///

Democrats urge Trump to "stand up to OPEC" amid rising oil price

Senate Democrats are urging President Donald Trump to rein in OPEC with pump prices at a three-year high, and even send his energy secretary to the cartel’s June meeting to reinforce the message.

Shell reports large deepwater discovery in U.S. Gulf of Mexico

Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).

Shale boom buyout king sees redemption after $2-billion meltdown

John Walker sees redemption ahead as oil prices rise and EnerVest gets its finances in order.

EIA: U.S. remains the world’s top producer of petroleum and natural gas hydrocarbons

The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high.

ASHCOR announces high pressure low pressure flare

ASHCOR LLC announced the public launch of its High Pressure Low Pressure (HPLP) flare system for primary use in upstream oil and gas applications.

China trade truce may help give U.S. LNG a $30-billion boost

China’s appetite for U.S. liquefied natural gas may be about to get a lot bigger after the two nations agreed to pull back from the brink of a trade war.

API: Rule to grant relief from tariffs, quotas on steel must be improved

The American Petroleum Institute (API) has joined other trade associations in comments to the Department of Commerce on Section 232’s Interim Final Rule (IFR) to raise concerns over the ability of natural gas and oil companies to receive relief from steel tariffs and quotas.

API: U.S. petroleum demand sustains its highest level in 11 years

The American Petroleum Institute (API) reported that the first four months of this year saw U.S. petroleum demand average 750,000 bpd above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 MMbpd of oil.

For sale: Stalled pipeline project, angry protesters included

Justin Trudeau’s pipeline nightmare may be only getting started.

BP, Conoco said to be in talks for asset swap deal

BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the UK energy major gain a greater foothold in a key project in the North Sea and the U.S. explorer gain Alaskan assets, according to people familiar with the talks.

U.S. threatens sanctions if Nord Stream 2 project proceeds

The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions.

U.S. oil gets cheaper versus Mideast crude after Iran sanctions

The oil price spread that will determine the type of crude bought by Asia in the wake of U.S. sanctions on Iran is currently in favor of American supply.

Canada willing to cover any Kinder losses on pipeline expansion

Justin Trudeau’s government is prepared to take the extraordinary step of reimbursing Kinder Morgan Canada Ltd. for any financial losses if it proceeds with the expansion of an oil pipeline to the Pacific.

Nissan Chemical America Corp. expands production of well additive in Texas

Nissan Chemical America Corporation (NCA) is undergoing a $1.4-million expansion of its Pasadena, Texas, production facility. The goal of this plant improvement project is to increase production capacity to meet the rising sales demand of nanoActiv products from the oil and gas industry.

The 130-year-old bankruptcy that created a $5-billion oil giant

The hottest oil stock from the U.S. shale boom has never pumped a single barrel of crude.

A U.S. shale gas cargo is heading to Israel for the first time

Israel is about to receive a cargo of U.S. liquefied natural gas, the first to arrive in the Middle Eastern nation from America’s shores since exports began in 2016.

U.S. gas exports set to gain as Iran deal dies

Another darling of the Trump administration is poised to gain from the Iran deal breakup as oil surges: Natural gas exports.

Fugro reports successful licensing of seep, geochemical data before Canada's bid round

Fugro and partner, amplified geochemical imaging (AGI), have reported recent success selling licences for data from a frontier region offshore Canada.

Executive viewpoint

Renee Comstock, Yellowjacket Oilfield Services, LLC

The Permian basin’s output is forecast to reach 3.18 MMbopd in May, according to EIA, and it is widely anticipated to become the world’s largest oil patch.

Drilling Advances

Jim Redden, Contributing Editor

The ascension of dual-activity rig floors, which enable different operations to be conducted simultaneously in parallel, is credited with helping reduce offshore well delivery time.