North America ///

First Oil

Kurt Abraham, World Oil

Keeping the caution in our optimism

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

Crude halts decline as demand seen burning through shale output

Crude edged higher after the worst weekly decline in two years as OPEC shrugged off the threat that U.S. shale drillers will swamp the market with excess supplies.

Oil bulls run scared in global volatility as U.S. rivals Saudis

Oil enthusiasts are retreating as volatility takes hold of global markets and American gushers rival Saudi Arabia’s.

NAPE ‘18: Texas Railroad Commissioner Ryan Sitton forecasts strong U.S. supply growth to meet demand

As murmurs of peak oil demand pervade the oil and gas industry, Texas Railroad Commissioner Ryan Sitton sees a different trend—rising production from the U.S. to meet inflating demand from non-OECD countries like China and India.

API: Florida Petroleum Council says offshore exploration beneficial to Florida's economy

Florida Petroleum Council Executive Director David Mica today pointed to Florida’s significant economic opportunity to safely and responsibly develop Florida’s offshore energy resources in advance of the Bureau of Ocean Energy Management public hearing on the Interior Department’s proposed five-year offshore natural gas and oil leasing plan.

ExxonMobil adds 2.7 Bbbl to reserves, replaces 183% of 2017 production

ExxonMobil Corporation has added 2.7 Bboe of proved oil and gas reserves in 2017, replacing 183% of production.

Oil set for worst week in year as rout inflames U.S. supply fear

Oil headed toward its worst week in almost a year as the global risk-asset rout further rankled investors already concerned over growing U.S. supply.

Crude declines as growth in shale production scares investors

Crude resumed its decline as growth in U.S. shale output acts as a downside price risk.

New rail terminal opened in Louisiana to support proppant transport for shale

Shale Support Holdings, LLC, a leading provider of frac sands and logistical solutions to the oil and gas proppant market, has announced its newest exclusive terminal located in Gibsland, La.

U.S. gas drillers are missing out on Asia's oil-driven cash boom

If you’re pumping natural gas in the U.S., you’re probably missing out on Asia’s boom.

Hexion announces first mobile Permian basin resin coating plant

The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) today announced its new Voyager mobile resin coating service. Initially located in the Permian basin, the innovative Voyager service is the first mobile manufacturing solution that provides in-basin resin coated proppant manufacturing for application in the oil and gas industry.

TGS announces new seismic project in the Anadarko basin

TGS announces expansion of its 2018 onshore seismic activity with the Canton 3D seismic survey in the Anadarko basin.

Oil drops as volatility concern counters reported inventory draw

Oil extended declines as persistent volatility in global markets prompted caution among traders, even as U.S. inventories reportedly fell.

U.S. crude output to jump above 11 MMbpd sooner than expected

The U.S. government sees nationwide oil production jumping above 11 MMbpd much quicker than anticipated.

Emerald Bay Energy begins testing the Eagle Ford formation at Kuhn 3

Emerald Bay Energy Inc. announced that the Company moved a service rig on location today to perforate the Eagle Ford formation in the Kuhn 3 well at the Company’s Wooden Horse property in Southwest Texas.

Promised land for gas drillers turns into glutted beach

Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.

U.S. potential ban on Venezuelan oil may hit Valero, Chevron hardest

If the U.S. bans oil imports from Venezuela, Valero Energy Corp. and Chevron Corp. may end up paying the price.

Brent slips to one-month low as U.S. drilling grows, stocks drop

Oil’s rally is unraveling on fears over an increase in U.S. production and as a deepening slump in equities undermines market support.

Permian seen second to Saudis for spare oil-output capacity

The U.S.’s Permian basin is looking like Saudi Arabia, with as much as 1 MMbbl of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.