North America ///

Occidental names Hollub first woman CEO of big U.S. oil firm

Occidental Petroleum Corp. named Vicki Hollub as CEO Friday, making her the first female CEO of a major U.S. energy explorer.

Ultra Petroleum files for bankruptcy, citing $3.9 billion debt

Ultra Petroleum Corp. filed for bankruptcy protection, the latest oil and gas explorer to fall victim to the prolonged slump in energy prices.

Cyberhawk sinks claws into U.S. oil and gas market

Cyberhawk Innovations, specializing in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with the launch of a Houston office in the U.S.

Oil bulls bet the waning U.S. shale boom will curb global glut

Hedge funds are rooting for a quick collapse of the U.S. shale boom.

ConocoPhillips cuts spending 11% as losses mount

ConocoPhillips is reducing spending further as it posted the fourth straight quarterly loss amid an oil rout that continues to strain independent producers.

McDermott completes Otis Subsea tieback for LLOG

McDermott International has completed the installation scope associated with the Otis development in the Gulf of Mexico on behalf of LLOG Exploration Offshore.

Suncor purchases additional Syncrude stake, holds majority

Suncor Energy will have a majority stake in the Syncrude Canada oil sands mine after the Canadian petroleum producer bought an additional stake from Murphy Oil Corp.’s Canadian subsidiary.

Top oil service firms mull North America retreat as losses mount

Two of the three largest oil rig operators and fracers are considering pulling back from the North American market as losses mount.

AccessESP successfully installs first commercial Access375 systems in Alaska

AccessESP, a provider of rigless electric submersible pump (ESP) conveyance solutions for the worldwide oil industry, has successfully installed two of its new Access375 systems on the North Slope of Alaska, the first commercial deployments of this system.

Schlumberger to acquire Xtreme coiled tubing drilling units

Schlumberger has announced that it has entered into an agreement to acquire the coiled tubing drilling and coiled tubing units from Xtreme Drilling and Coil Services Corp., a Calgary-based provider of international land drilling and coiled tubing drilling services.

API: Key moment for next decade of U.S. energy leadership and affordable energy

API called on the administration to maintain and promote U.S. oil and natural gas development through the Bureau of Ocean Energy Management's (BOEM) 2017-2022 offshore program, API Group Director of upstream and industry operations Erik Milito said today in a briefing with journalists.

Exxon Mobil loses top credit rating it held since Great Depression

Exxon Mobil Corp. was demoted from the top credit rating by Standard & Poor’s for the first time since the Great Depression as the collapse of the biggest oil-market rally in history strangled cash flows.

Murkowski highlights need to boost U.S. oil, gas development in low price environment

The current low price environment surrounding oil and gas development presents an opportunity to pursue federal reforms that will boost energy production and provide economic benefits across the nation, U.S. Sen. Lisa Murkowski, R-Alaska, said Tuesday.

Oil's recovery inches higher as fraclog awaits price trigger

Oil’s rebound from the lowest level in more than 12 years may face an abrupt halt as prices near a level that could trigger a wave of new U.S. shale production.

Exxon Mobil starts production at Point Thomson on Alaska’s North Slope

Exxon Mobil has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope.

Packers Plus advances high frac intensity capabilities with 50-stage wells in the Williston basin

Packers Plus Energy Services Inc. has announced the successful completions of multiple wells in North Dakota’s Bakken formation, using advanced high frac intensity systems, specifically designed for extended reach wells.

Oil megaprojects dreamed up a decade ago thrive amid price slump

Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of U.S. shale.

PetroQuest closes sale of majority of Woodford Shale assets

PetroQuest Energy, Inc., has announced the closing of the sale of the majority of its remaining Woodford Shale assets in East Hoss field for gross proceeds of $18 million, subject to purchase price adjustments between the effective date of April 1, 2016, and the closing date.

Oil slips from five-month high amid ample U.S. supply, OPEC doubts

Oil retreated from the highest level in almost five months amid rising U.S. crude stockpiles and speculation producers will be unable to agree on an output freeze.

American Energy-Woodford formalizes name change, transitions to standalone company

American Energy-Woodford, LLC, has announced that, effective March 25, 2016, the company changed its name to White Star Petroleum, LLC. White Star will complete its transition to a standalone company, fully independent of the American Energy Partners.