North America ///

Permian pinch spurs pipeline binge, and fears of overbuild

The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open.

Petroteq provides update on progress at Asphalt Ridge facility in Utah

Petroteq's Asphalt Ridge Facility, a company focused on the development and implementation of proprietary technologies for the energy industry, has updated investors on the progress at its oil extraction facility in Asphalt Ridge, Utah.

U.S. oil sellers may look to India as tariff war with China escalates

American oil producers may find a new friend in India as they brace for a trade war with China that could curb U.S. shipments.

BP is front-runner to buy BHP's U.S. shale unit

BP Plc has emerged as the front-runner to buy BHP Billiton Ltd.’s onshore oil and gas operations in the U.S., according to a person familiar with the matter.

U.S. oil could soon help set the Brent crude price

S&P Global Platts, the company that sets the key price of Brent crude, is contemplating the eventual incorporation of U.S. oil to help calculate one of its newest European benchmarks, a sign of just how much America’s booming exports are reshaping global energy trading.

Sumitomo Corporation invests in Texas oil production

Sumitomo Corporation's Representative Director, President and CEO, Masayuki Hyodo, is pleased to announce that subsidiary company, Summit Discovery Resources II LLC has reached an agreement with IOG Gonzales 1835 LLC, an entity managed by IOG Capital, LP, Covington Equity Investments LLC and 1836 Resources, LLC to acquire certain producing Eagle Ford properties in South Texas.

Scott Pruitt resigns as EPA chief

Scott Pruitt has resigned as administrator of the Environmental Protection Agency after a deluge of controversial revelations about his spending, travel and a condo rental that prompted Republican lawmakers to distance themselves and question his continued effectiveness.

Tehran taunts Trump, telling him his tweets drive up oil prices

The Islamic Republic’s OPEC governor, Hossein Kazempour Ardebili, said tweets by Iran’s nemesis in the White House are backfiring, by sending prices higher, and undermining U.S. allies.

BP to increase share in UK’s giant Clair field, sell interest in Alaska’s Kuparuk field

BP has announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in Clair field, a core asset of BP’s North Sea business in the UK.

Canadian oil set for steady gains with transport woes abating

Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and U.S. refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte.

Pakistani envoy says boosting U.S. gas imports key to trade ties

Pakistan Ambassador Ali Jehangir Siddiqui said importing more U.S. natural gas is key to diversifying his nation’s energy supply while expanding trade relations.

Mexico's oil reforms expected to slow down with new government

The election of Mexico’s first left-wing president in recent decades is expected to slow the country’s march toward the creation of a private oil market, though not derail it.

Cooler Atlantic may dash oil bulls' hopes this hurricane season

Energy and agricultural market bulls: Beware of a cooler Atlantic Ocean.

Clariant enhances capabilities at Clinton, Oklahoma facility

Clariant, a world leader in specialty chemicals, hosted a grand opening event for their new facilities based in Clinton, Oklahoma.

Hess Corp. announces $400-million sale of Utica shale acreage

Hess Corporation announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.

Chemstream proves ShaleTech advances start in the lab

HOMER CITY, Pa. -- In the past year, Chemstream has transformed what once was a small area nestled at one end of the company’s headquarters into a spacious, state-of-the-art laboratory.

One casualty of Trump's tough Iran stance? U.S. pump prices

One unintended consequence of Donald Trump’s plan to choke off Iran’s oil exports could be renewed pain at the pump for millions of Americans, a risky political prospect with mid-term elections just months away.

Gulf Energy Information, World Oil partner with PBWMC to host day two of ShaleTech

Gulf Energy Information, the media and market intelligence company that produces World Oil and its associated events, is pleased to announce the addition of a special water management segment at ShaleTech 2018.

Royale Energy acquires more oil in the Permian basin, California

Royale Energy, Inc., announced today it has entered into a Letter of Intent with an undisclosed company to purchase it’s non-operated interests in Permian basin and California oil fields.

Panama Canal opens way for more LNG tankers with U.S. exports rising

The Panama Canal Authority will ramp up the movement of massive liquefied natural gas tankers through the waterway starting in October, as U.S. exports of the fuel are set to expand.