North America ///

Trump says he'll exit Iran nuclear deal and reinstate sanctions

President Donald Trump said the U.S. will withdraw from the landmark 2015 accord to curb Iran’s nuclear program and reinstate financial sanctions on the Islamic Republic, opening an uncertain new chapter for the Middle East.

U.S. seen cutting oil imports to lowest since Eisenhower

The U.S. will cut its reliance on foreign oil to the lowest in more than 60 years as domestic crude output surges to record levels.

Fat arbitrage opportunity arises for oil traders in West Texas

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian basin.

America's gas gusher seen boosting stockpiles by most since 2015

Soaring U.S. natural gas output probably expanded stockpiles of the fuel by the most seasonally in three years as mild spring weather curbed demand.

Trump decision puts Iran's $200-billion energy wish-list at risk

With Donald Trump set to announce a decision today on whether to re-impose U.S. sanctions on OPEC member Iran, $200 billion in potential energy deals hang in the balance.

BP, Alaska Gasline Development Corp. sign binding gas sales agreement

The Alaska LNG Project reached a historic milestone today as BP Alaska and Alaska Gasline Development Corporation (AGDC) announced the parties have agreed to key terms of a gas sales agreement, including price and volume.

Bakken shale getting back "in-the-money"

With breakthroughs in drilling technology reducing costs and crude oil prices near $70/bbl, wells in North Dakota are turning into cash cows.

Oil faces a month of mayhem as geopolitical risks proliferate

Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.

One of Exxon's top women takes on the fast-moving world of shale

ExxonMobil Corp.’s Sara Ortwein has delivered some of the energy industry’s biggest engineering feats over a 38-year career. Her newest challenge: Winning in the nimble, fast-moving world of shale.

TransCanada plans to clear Montana land for Keystone XL in fall

TransCanada Corp. will take the initial steps of clearing brush in Montana this fall for construction of the highly-contentious Keystone XL pipeline.

Apache Corporation capitalizes on shorter completion cycles in the U.S.

Apache reported earnings of $124 million, or $0.32 per share. Net cash provided by operating activities in the quarter was $615 million. Before working capital changes, Apache generated $799 million in operating cash flow. Adjusted earnings before interest, taxes, depreciation, depletion, amortization and exploration expenses (adjusted EBITDAX) was $1.1 billion.

BP said to weigh acquisition of BHP shale assets

BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more U.S. shale, according to people familiar with the matter.

Oil struggles near $68 as inventory gain overshadows Iran fears

Oil’s recovery, buoyed by potential supply risks, was capped by rising U.S. inventories while President Donald Trump neared a decision on whether to reimpose sanctions on Iran.

W&T Offshore, BHGE announce strategic partnership for 14 GOM projects

W&T Offshore Inc. and Baker Hughes, a GE company (BHGE), announced a strategic partnership related to W&T’s joint exploration and development program, which includes 14 drilling projects, most of which are operated by W&T in the Gulf of Mexico (GOM).

Encana skirts North American pipeline mess to protect prices

Encana Corp. has so far avoided the pipeline bottlenecks that are damping prices for Permian crude and Canadian natural gas, thanks to the company’s hedging program and transportation agreements.

Gulf Publishing rebrands to Gulf Energy Information

Gulf Publishing Company, a leading provider of media, marketing and market intelligence services, today announced the business’ transition to Gulf Energy Information

Oil steadies amid Korean peace pledge, threat of Iran sanctions

Oil traded near $68 as investors weighed the impact of a possible U.S. pull-out from the Iran nuclear deal and the potential for a historic accord between the leaders of North and South Korea.

Texas City hosts first supertanker as U.S. crude gushes out

A 2 MMbbl-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export.

Oil sands get taste of slower growth ahead as logjams hit output

Canada’s oil sands are getting a taste of their slower-growth future.

Citi says U.S. may become world's top oil exporter next year

The U.S. looks likely to overtake Saudi Arabia to become the world’s biggest oil exporter next year, according to Citigroup Inc.