North America ///

Emerald Bay perforates final three wells at MarPat lease in Texas

Emerald Bay Energy Inc. has announced that the Company began operations this morning to perforate the final three wells of the MarPat partnerships. The MarPat wells have shown commercial viability in the Anacocho, Olmos, and Escondido formations.

IEA prediction of explosive U.S. oil growth stokes OPEC fears

OPEC’s fear that another surge of shale oil could neutralize its production cuts might be coming true.

Crude pares losses on record withdrawal at biggest storage site

Crude pared losses after U.S. government data showed inventories at the nation’s largest pipeline hub dropped by the most on record.

Keystone XL pipeline gets enough shipper pledges to proceed

TransCanada Corp. has enough customer interest to go forward with the Keystone XL oil pipeline, if the company decides to build it.

Ziyen Inc. expands in U.S. with second, third oil leases

Scottish-American software and energy company Ziyen Inc., which has operations in Aberdeen and Inverness, has announced it has secured a further two major oil contracts in the Illinois basin.

RRC Chairman Craddick: When it comes to NAFTA, mend it—don't end it

Many Texans support NAFTA based on the premise that it allows American workers and businesses to compete on a level playing field with anyone in the world.

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.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) recently launched the Rolligon dry additive mix unit, which uses a custom-designed mixer to pre-mix the gel powder with water on the fly, giving optimum gel quaity even at high rates.

What's New in Production

Don Francis, Contributing Editor

May you live in interesting times

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.