North America ///

EIA: Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas

Production of oil and natural gas in the Appalachian basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012.

Trump vows to speed energy infrastructure projects

Republican presidential nominee Donald Trump vowed to speed the government’s approval of energy infrastructure projects -- after the Obama administration moved to stall an oil pipeline in the Dakotas that has drawn protests.

Analyst touts industry’s cost reductions in U.S. shale plays

Recent analysis and statistical research have shown that break-even prices for oil production in the major U.S. shale plays have fallen, on average, at least $30/bbl for WTI.

Top Permian oil producer says rig counts in the region are going to soar

The biggest player in the Permian basin, America's most coveted oil field, thinks rig counts in the region are poised for explosive growth.

Schlumberger executes contract with Petronas for multi-client wide-azimuth deepwater seismic survey

Schlumberger announced today that PETRONAS, through its wholly-owned subsidiary, PETRONAS (E&P) OVERSEAS VENTURES SDN. BHD., has signed an agreement to license a significant part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multi-client seismic survey in the southern Gulf of Mexico.

Imperial sees Syncrude, Suncor mines sharing to cut costs

Imperial Oil and Suncor Energy are looking for more ways to shave costs at their Syncrude joint venture by sharing trucks, storage and other resources with nearby operations owned by Suncor, Imperial CEO Richard Kruger said.

Shell Canada strikes out in Shelburne basin

Shell Canada, operator of the Shelburne basin joint venture exploration project, has advised that the drilling of the first exploration well has been completed and is non-commercial.

GE introduces new Industrial Internet Control System

Today, GE’s Automation & Controls business introduced GE’s new Industrial Internet Control System (IICS) at its 2016 Connected Controls Symposium at the company’s Global Research Center in Niskayuna, N.Y.

Exxon’s accounting said to prompt SEC review after oil slump

Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter.

Endeavor Management announces shale completion best practices JIP

Endeavor Management has opened participation in its latest joint industry project (JIP)—Best Practices for Shale Completion Operations.

Bellatrix to sell non-core assets for C$47 million

Bellatrix Exploration has entered into an agreement with InPlay Oil Corp. to sell certain non-core Cardium focused assets in the greater Pembina area of Alberta for a total consideration of C$47 million ($35.6 million).

CGG delivers 38,000 sq km of seismic data ahead of Mexico’s licensing round

CGG said Tuesday that the Fast Trax Reverse Time Migration (RTM) data from its Encontrado multi-client mega-merge project, covering the Perdido fold belt, has been delivered on time to the industry and the Comision Nacional de Hidrocarburos (CNH) ahead of Mexico’s December licensing round.

Encana to sell 107 million shares to fund drilling, repay debt

Encana Corp., the Canadian oil and natural gas producer, plans to sell 107 million shares to fund part of its 2017 budget and repay debt.

Stacked oil and gas make Permian deals costly in spite of rout

Oil prices are depressed, but Texas shale has never been more valuable.

Steelhead, Seven Generations in LNG development agreement

A new development agreement between Steelhead LNG and Seven Generations Energy sets the stage for engaging Aboriginal groups and communities as the two companies explore the development of new midstream infrastructure to support Steelhead LNG's proposed natural gas liquefaction and export projects on Vancouver Island.

Statoil completes sale of non-core U.S. onshore assets

On Sept. 15, Statoil and Antero Resources Corporation completed their previously announced transaction, whereby Statoil has sold some of its non-operated interests in the U.S. state of West Virginia to Antero.

Frank’s International casing running tool deployed in industry’s first 30-in. CwD job

In a project that established a new worldwide milestone in casing while drilling (CwD) operations, Frank’s International provided its FA-1 casing running tool (CRT), modified for 30-in. casing drilling and running, to Schlumberger for a 30-in. CwD shallow water project in the Bay of Campeche, Gulf of Mexico.

Noble, Marathon said to weigh bids for Permian’s Silver Hill

Noble Energy and Marathon Oil Corp. are weighing bids for Silver Hill Energy Partners, a Permian basin explorer that could fetch more than $2 billion in a sale, according to people familiar with the matter.

RockPile Energy Services targets Bakken workovers with AWS acquisition

RockPile Energy Services, a portfolio company of White Deer Energy, has acquired American Well Service (AWS), a Kenmare, North Dakota-based workover rig company.

Evaluating diversion techniques to increase stimulation effectiveness in the Eagle Ford

Shea Evans, Kirk Dawson, Matthew Montes, Halliburton; Greg Preston, Scott Hudson, Carrizo Oil and Gas

A study in the Eagle Ford shale assessed the challenges associated with cluster efficiency in horizontal plug-and-perf treatments, as well as the application and methodology of using a diverter. Production was analyzed to validate the diverter’s performance, and fiber-optic data provided subsurface insight to validate diversion effectiveness.