North America ///

Talos Energy reports initial production from Tornado II

Talos Energy LLC has announced initial production from the Tornado II deepwater well (GC 281 #2ST), located in Phoenix field of the Green Canyon area of the Gulf of Mexico in approximately 2,700 ft of water.

Trump's offshore oil plan will struggle to lure rigs from Guyana

The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude.

Hess, targeted by Elliott, to cut 300 jobs to trim costs

Hess Corp., the oil producer targeted by hedge fund Elliott Management Corp., plans to shed about 300 jobs in 2018 as it seeks to cut costs by $150 million a year.

TGS announces three new onshore seismic projects in North America

TGS announces three new onshore seismic projects; Sanderson, West Hackberry and Dawson in prolific North American basins.

As crude rallies, Husky may emerge as top oil-sands stock pick

Husky Energy Inc., the best oil-sands stock last year, may emerge as a top pick for investors who are looking to capitalize on surging crude prices and already have shares of the largest Canadian producers.

Fracers arise from oil-price rout on a course to dominate 2018

Less than two weeks in, 2018 is shaping up to be the year of the fracer.

Energy companies seek clarity on offshore drilling in the Sunshine State

Interior Secretary Ryan Zinke has declared he is "taking Florida off the table" for new offshore oil drilling, but that concession leaves plenty of opportunities for rigs around the Sunshine State.

NOV's Tektonic drill bits increase ROP, durability with Permian Series cutters

Difficult drilling conditions in the Permian basin demand a drill-bit philosophy geared toward efficiency and durability. Three record runs recently occurred in the Permian basin that showcased the performance of National Oilwell Varco's Tektonic bits with Permian Series cutters.

Simmons Edeco recognized for international growth

Simmons Edeco, a leading supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has received the Great International Growth Award 2017 at the tenth annual Spirit of Enterprise Awards in Great Yarmouth, England.

BNK Petroleum spuds well in Oklahoma's Tishomingo field

BNK Petroleum Inc. has announced that the Company has begun drilling the Glenn 16-2H well in Tishomingo field with Power Rig #7.

Stone Energy reports successful drilling results from Mt. Providence well

Stone Energy Corporation has announced drilling success at the deepwater Mt. Providence development well at Mississippi Canyon Block 28.

America’s gas stockpiles drop most on record after polar blast

The “bomb cyclone” that left the eastern U.S. shivering last week led to the biggest drop ever recorded for natural gas stockpiles.

U.S. becomes a net gas exporter for the first time in 60 years

America’s trade imbalance just got a bit smaller. The U.S. has now become a net exporter of natural gas on an annual basis for the first time since at least 1957.

Iran awaits Trump verdict on oil sanctions deal

World oil markets are about to get a clearer idea of what Donald Trump’s presidency means for one of the biggest crude exporters, Iran.

Trump pulls Florida from offshore drilling plan after objections

The Trump administration is ruling out plans to sell new drilling rights off the coast of Florida, including eastern Gulf of Mexico waters coveted by oil companies, amid pressure from Republican Governor Rick Scott.

Otto Energy spuds development well on the Gulf of Mexico's South Marsh Island lease

Otto Energy Limited has advised that the OCS G-34266 #F-3 well (SM 71 F3), operated on behalf of the joint venture by Byron Energy Ltd. within the South Marsh Island 71 (SM 71) lease in the Gulf of Mexico shelf, is currently, at 3 p.m. on Tues., Jan. 9, 2018, CST, drilling ahead at 668 ft MD.

Oil jumps as industry data shows U.S. crude stock monster draw

Oil popped in after-hours trading as an industry report showed the biggest draw in U.S. crude stockpiles for this time of year since 1999.

U.S. crude output on track to rival giants Russia, Saudi Arabia

The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world’s largest oil producer.

API's Jack Gerard delivers 2018 State of American Energy speech

API's president and CEO Jack Gerard delivered a speech at today's 2018 State of American Energy event.

IPAA responds to FERC ruling that rejects plan to aid coal, nuclear power

IPAA has responded to today's FERC decision to reject Secretary of Energy Rick Perry's plan to prop up coal and nuclear power.