North America ///

Transocean retires six floaters

Transocean announced today its intent to retire six ultra-deepwater floaters. All six rigs were previously cold-stacked. The company will recognize an impairment charge of approximately $1.4 billion during the third quarter of 2017 associated with these actions.

Twice-rejected U.S. LNG exporter gives Oregon project another shot

The developer of a liquefied natural gas export terminal in Oregon that has already twice been denied permits by U.S. regulators is giving it another shot.

Scorching-hot American Midwest burns the most Canadian gas since May

The U.S. Midwest is sizzling and it’s taking all the natural gas it can get from Western Canada to keep cool.

Flowserve appoints Lee Eckert to CFO

Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets, announced that Lee Eckert will join Flowserve as senior vice president and CFO, effective Oct. 9.

IPAA responds to dismissal of hydraulic fracturing rule case

Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued a statement in response to a U.S. appeals court's dismissal of a hydraulic fracturing rule case.

ExxonMobil's coastal facilities ramp up to normal operations

ExxonMobil said today that its Baytown and Beaumont refineries have begun producing fuels at reduced rates and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey.

Mohawk Energy to release new domestic distribution system

Mohawk Energy, a developer of expandable tubular technology, has announced the release of its OnePatch system for domestic distribution on the RigUp Oilfield Marketplace.

OPEC keeps oil market guessing over further production cuts

Ministers from OPEC and its allies look set to keep everyone waiting longer for confirmation of further action to rebalance the oil market, sending conflicting signals on whether they’ll discuss extending or deepening supply cuts in Vienna on Friday.

BSEE director charts path for robust offshore U.S. energy production

Bureau of Safety and Environmental Enforcement Director Scott Angelle is moving the Outer Continental Shelf energy program toward energy dominance for America. Angelle discussed the work underway at BSEE with industry members at the Louisiana Oil & Gas Association Fall Meeting Tuesday in Lafayette.

API lauds effort to strengthen U.S. energy infrastructure, create jobs

API has welcomed the introduction of bipartisan legislation that would increase certainty, transparency, and efficiency in the permitting process for natural gas pipelines at the Federal Energy Regulatory Commission (FERC). S. 1844, the Coordinating Interagency Review of Natural Gas Infrastructure Act of 2017, was introduced by Sens. Inhofe, R-Okla., and King, I-Maine.

Halcón Resources sells remaining Williston basin assets for $104 million

Halcón Resources Corporation has announced it has entered into an agreement to sell its remaining non-operated assets in the Williston basin to a private company for approximately $104 million in cash, subject to customary closing conditions and adjustments.

BNK Petroleum commences Brock 9-2H well fracture stimulation in Oklahoma

BNK Petroleum Inc. has announced that fracture stimulation completion operations on the previously drilled Brock 9-2H well have commenced.

Resolute Energy turns to Delaware basin for stronger balance sheet

Resolute Energy Corporation has announced that it has entered into a definitive agreement to sell its subsidiary, which holds interests in Aneth field in the Paradox basin of Southeastern Utah for total potential consideration of $195 million to an affiliate of Elk Petroleum Limited.

Hunting, ExxonMobil move to next phase of Autonomous Project for field testing

Hunting’s Titan Division and ExxonMobil Upstream Research Co. entered into a joint agreement in 2015 to develop autonomous tool technology that creates a revolutionary step change in well completion and P&A. After meeting several development milestones, Hunting and ExxonMobil Upstream Research Co. announced that field trials for the autonomous tools will begin in late 2018.

Hedge funds bet on fuels over crude as storm trade persists

Since the storm battered the heart of America’s refining industry last month, bets on rising gasoline and diesel prices have surged for three straight weeks to the most bullish in years. But when it comes to West Texas Intermediate crude, skepticism is prevailing.

Cheniere's Sabine Pass to "push the limits" after Gulf Coast flooding

Two weeks after Hurricane Harvey flooded the U.S. Gulf Coast, brought shipping to a halt and knocked out power to millions, the only company sending U.S. shale gas overseas is back in business.

EIA: Natural gas spot prices at Henry Hub decrease in days following Hurricane Harvey

In the days following Hurricane Harvey’s landfall on the Texas Gulf Coast as a Category 4 storm on Friday, Aug. 25, 2017, prices at the Henry Hub in Louisiana—generally considered the U.S. price—actually decreased.

Oil heads for best week since July as demand forecasts improve

Oil was on track to post its biggest weekly gain since late July as Texas refineries recovering from Hurricane Harvey processed more crude and global demand forecasts brightened.

Perry highlights need for U.S. oil reserve in rebuke of Trump's plan to sell

Hurricanes Harvey and Irma demonstrate the importance of keeping the U.S. Strategic Petroleum Reserve, Energy Secretary Rick Perry said, in a not-so-subtle rebuke to President Donald Trump.

Devon Energy restores production to pre-Harvey levels

Devon Energy Corp. has reported that it has restored production to pre-storm levels across its U.S. operations following Hurricane Harvey.