North America ///

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.

U.S. pressing allies to end Iran oil imports by Nov. 4, official says

The U.S. is pressing allies to end all imports of Iranian oil by a Nov. 4 deadline and doesn’t want to offer any extensions or waivers to that timeline, a decision that sent oil prices surging on expectations it will tighten energy markets significantly more than expected.

World's LNG giant pumping $20 billion into U.S. oil, gas

Qatar Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing $20 billion in America’s oil and gas fields at a time when rival U.S. exporters are expanding.

Trump trade threats turn Exxon, Chevron from backers to critics

Big Oil sang the Trump administration’s praises when the U.S. president slashed corporate taxes at the end of last year. Now, with trade wars looming, senior oil executives aren’t quite so supportive.

Oasis Petroleum to divest certain Williston basin assets

Oasis Petroleum Inc. has signed two separate purchase and sale agreements to sell an estimated 4,400 boed of net production and approximately 65,000 net acres of non-core assets in the Williston basin for $283 million.

IEA: The gas industry's future looks bright over next five years

Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas markets over the next five years according to the International Energy Agency's latest market forecast.

China trade fight puts billions in U.S. energy projects in doubt

China Energy Investment Corp. pledged almost $84 billion in shale gas and chemical manufacturing projects across West Virginia after President Donald Trump’s trade mission to Beijing in November, but when it came time to discuss details officials were a no-show.

Icahn won't bid for SandRidge after winning control of board

Activist investor Carl Icahn won’t make a bid to buy oil and gas explorer SandRidge Energy Inc., the company said in a regulatory filing Monday.

Trump trade spat muddies a U.S. gas exporter's talks with Asia

The Trump administration’s trade dispute with China is delaying one U.S. company’s bid to sign long-term natural gas export deals.

Otto Energy sets a date for Nanushuk prospect drilling, on Alaska North Slope

Otto Energy Limited has advised that it has executed a binding term sheet agreement that will see Otto participate in the drilling of a highly prospective Nanushuk oil trend exploration well within its Western Blocks on the Alaska North Slope in early 2019.

USGS estimates 8.5 Bbbl of oil in Texas’ Eagle Ford Group

The Eagle Ford Group of Texas contains estimated means of 8.5 Bbbl of oil, 66 Tcf of natural gas, and 1.9 Bbbl of natural gas liquids, according to a new assessment by the U.S. Geological Survey. This estimate consists of undiscovered, technically recoverable resources in continuous accumulations.

U.S. asks Japan to halt purchase of Iran oil in harder stance

The U.S. has asked Japan to completely halt oil imports from Iran, going beyond the reductions that were demanded when sanctions were imposed earlier this decade, according to people with knowledge of the matter.

Noia Oil & Gas Conference 2018 comes to a close

The Newfoundland and Labrador Oil & Gas Industries Association (Noia) 34th annual oil & gas conference was held this week at the St. John’s Convention Centre. Themed Redefining Oil: The Time is Now, the conference heard from a variety of speakers with the themes of regulatory clarity and investment support.

IPAA supports onshore permitting, regulatory reform legislation

Independent Petroleum Association of America (IPAA) President and CEO Barry Russell in a letter praised the House Committee on Natural Resources for advancing smart, thoughtful solutions that would remove bureaucratic regulatory burdens to safe and responsible oil and natural gas development on public lands.

Native sand leader Shale Support purchases two natural mines in Louisiana

Shale Support, a leading provider of frac-sand and logistical solutions to the oil and gas proppant market, announced it has closed on a deal purchasing two natural mines in Kinder and Central Louisiana.