North America ///

NOIA comments on revisions to offshore production safety systems rule

National Ocean Industries Association (NOIA) President Randall Luthi issued a statement on revisions to the Production Safety Systems Rule.

Tiger Rentals acquires Production Management Industries

Tiger Rentals Group, LLC, a global oilfield and industrial equipment rental and services company, has completed the acquisition of the equity of Production Management Industries (PMI) from Superior Energy Services.

Andeavor enhances its Permian position through acquisition of Rangeland Energy II

Andeavor has announced that it has agreed to acquire 100% of the equity of Rangeland Energy II, LLC. Rangeland owns and operates assets in the Delaware and Midland basins, including a recently-constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck loading facility.

U.S. gas market faces long-awaited test as cold spurs demand

A polar blast across the eastern U.S. is proving to be a crucial test for the nation’s natural gas market: Can record demand spurred by the cold outweigh surging production from America’s shale basins, sparking a sustained rally?

White House threatens new Iran sanctions as arrests continue

The Trump administration threatened new sanctions on Iran as the number of civilians arrested in spontaneous nationwide protests that began last week neared 1,000.

Otto Energy announces well completion, drilling plans

Otto Energy Limited has advised that the OCS G-34266 #F-2 well (SM 71 F2), 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, will be completed for near term production in the B65 sand.

As oil rises, shale drillers with few or no hedges stand to gain

As the price of oil rises, heavily-hedged shale drillers may find it harder to meet investor demands for payback, boosting the value of producers that haven’t locked in returns for future production.

Shale shows restraint with drillers closing 2017 at standstill

Oil explorers are closing out a year marked for its heightened pleas of austerity from investors with restraint.

Gas has biggest rally since October as Arctic freeze sets in

U.S. natural gas staged the biggest rally in two months as a frigid forecast signaled demand for the power-plant fuel may surge to new highs through the start of 2018.

IPAA, Western Energy Alliance applaud repeal of hydraulic fracturing rule

The Independent Petroleum Association of America (IPAA) and Western Energy Alliance today applauded the Department of the Interior’s decision to repeal a costly Obama administration federal rule on hydraulic fracturing.

Five oil signals to watch as 2018 pits OPEC against shale

Oil traders are going to have their work cut out for them in 2018. OPEC and its allies are heading into the second year of supply cuts to wipe out the global oil glut, while rising U.S. output is threatening those efforts. Geopolitical tensions also add a wild card to the market mix.

Slump in energy cuts value of Canadian mergers to $243.5 billion

A slowdown in big energy deals pushed the value of mergers in Canada lower for the first time since 2013, offsetting a decade-high resurgence in domestic transactions.

Oil holds gains above $58/bbl as U.S. drillers pause rig expansion

Oil held gains above $58/bbl as trading resumed following the Christmas holiday and after U.S. explorers refrained from adding rigs for a second week.

America's hottest oil play just needs a few thousand truckers

When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’s massive Permian basin shale formation, truckers were among those hardest hit. Rendered unnecessary by the slump in output, they were fired in scores. Now, three years later, with oil prices inching back higher and production in the Permian soaring once again, the drillers want the truckers back.

Oil's bull run wavers as investors wait to see what 2018 holds

After a months-long build-up, investors are wavering, concerned U.S. crude will continue to boom in 2018, undercutting OPEC’s push to drain a global glut.

New survey shows ​huge increase in recoverable energy resources in Alaska

U.S. Secretary of the Interior Ryan Zinke ​released an updated resource assessment​ for​ the National Petroleum Reserve in Alaska (NPR-A), the Western Beaufort Sea, adjacent State and Native lands, and State waters​,​​ which estimates the mean undiscovered, technically recoverable resources both on and offshore to include 17.6 Bbbl of oil and more than 50 Tcf of gas.

Canada's economy unexpectedly stalls as oil production drops

Canada’s economy unexpectedly stalled in October on a decline in oil output, a disappointing kickoff to the final quarter of 2017.

Mexico light oil vanishes from markets, leaving U.S. to plug gap

Pemex’s crude menu has just gotten simpler.

Mayan Energy provides operational update regarding Anacacho, Forest Hill fields

Mayan, the AIM listed oil and gas company, is pleased to announce additional progress in its development program at Kelly Lynne (Anacacho) field at Stockdale, Wilson County, Texas, in which the Company has a 60% working interest (WI) and 45% net revenue interest (NRI) and Forest Hill field, Wood County, Texas, in which the Company has a 70% WI and 52.5% NRI.

TGS announces Alonso 3D multi-client project in U.S. Gulf of Mexico

TGS announces new multi-client acquisition project, Alonso 3D in the U.S. Gulf of Mexico.