North America ///
While President Donald Trump’s plan to cut corporate income taxes could save oil and natural gas explorers $13 billion a year, it jeopardizes tax breaks that may mean even more to U.S. shale drillers.
Anadarko Petroleum Corp. dropped the most since August after the oil and natural gas explorer said it will shut more than 3,000 Colorado wells as part of an investigation into a deadly house explosion.
The Dresser-Rand business, part of Siemens Power and Gas Division, received an order from BP to provide rotating equipment for the Mad Dog 2 project in the deepwater Gulf of Mexico.
The 93 rigs working for the company in the lower 48 represent a 166% increase since its low point in May 2016.
Oil closed higher in New York after a government report showed U.S. crude stockpiles fell for a third week as refinery demand surged.
The lack of pipeline infrastructure in the northeast has resulted in some of the highest electricity rates in the nation for families and business—and it will only get worse, according to a new report by the U.S. Chamber’s Institute for 21st Century Energy.
The U.S. Department of Energy has announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States.
President Donald Trump will open the door to new oil and natural gas drilling in Pacific waters off the coast of California with a directive Friday that sets up a certain clash with environmentalists.
Noble Energy, Inc., announced that, following the overwhelming approval by the stockholders of Clayton Williams Energy, Inc., of the acquisition of Clayton Williams Energy by Noble Energy, the transaction closed and became effective immediately after market close on April 24, 2017. In conjunction with the closing, Clayton Williams Energy became a wholly owned subsidiary of Noble Energy under the name NBL Permian LLC.
The $20 billion of oil-sands assets that Canadian producers bought from foreign companies in a recent spate of deals shows they’re doubling down on their operations and the region’s resources, Alberta Energy Minister Marg McCuaig-Boyd said.
SeismicZone.com online data marketplace launched its first microsite for seismic data owners to market their proprietary data from their own corporate website.
Return Energy Inc. has acquired, through its wholly-owned subsidiary, Winslow Resources Inc., certain partner interests in its core area of Rycroft, north of Grande Prairie, Alberta, for cash consideration of $750,000 (subject to final adjustments).
Shipments of crude to the U.S. from Mexico fell to a new low last week, extending a trend that goes back to when the Energy Information Administration began compiling preliminary weekly import data in June 2010.
If Gary Cohn gets his way, the U.S. could be the biggest exporter of liquefied natural gas in the world.
Vice President Mike Pence announced 11 major deals valued at more than $10 billion between U.S. and Indonesian companies, mostly in energy and defense.
Oil headed for its biggest weekly loss since early March as signals from OPEC that it will persevere with output cuts failed to offset evidence that U.S. supplies are plentiful.
Patterson-UTI Energy announced today that it has closed its merger with Seventy Seven Energy Inc. stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.
BP Plc’s 2010 Gulf of Mexico oil spill caused damage to beaches, animals, fish, and coral that the public values at $17.2 billion, according to a financial accounting released on the seventh anniversary of the disaster.
Texas Attorney General Ken Paxton and 10 of his Republican counterparts are joining forces in court to help derail a probe into whether Exxon Mobil Corp. misled investors about climate change.
Since the early days of U.S. shale development, we have observed impressive efficiency and well productivity gains realized by E&P companies. These gains were triggered by a gradual learning process, optimization of completion techniques and well configuration, and high grading of drilling locations and equipment.