North America ///

Drillers warned: 'Be careful what you wish for' with Trump's tax plan

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 to shut down more than 3,000 Colorado wells after nearby home explosion

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.

Dresser-Rand to supply compressor trains for BP project in the Gulf of Mexico

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.

Nabors' U.S. lower 48 rig count increases by 29% for second straight quarter

The 93 rigs working for the company in the lower 48 represent a 166% increase since its low point in May 2016.

Crude rebounds as supply slips, refiners use record volume

Oil closed higher in New York after a government report showed U.S. crude stockpiles fell for a third week as refinery demand surged.

New U.S. Chamber report demonstrates need for northeastern pipelines

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.

U.S. Department of Energy authorizes LNG exports from Golden Pass terminal

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.

Trump said to order oil drilling study off California coast

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 closes acquisition of Clayton Williams Energy

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.

Alberta's McCuaig-Boyd sees glass half-full in oil-sands deals

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.

Seismic data resellers launch microsite for online buyers’ marketplace

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 acquires Rycroft area gas production in Alberta

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).

Mexico seeks new home for its oil amid weak Gulf Coast demand

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.

White House's Cohn wants to see `more and more' U.S. LNG terminals

If Gary Cohn gets his way, the U.S. could be the biggest exporter of liquefied natural gas in the world.

Pence hails $10 billion in Indonesia deals, from Exxon to GE

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 set for biggest weekly loss since early March on U.S. supply

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 completes merger with Seventy Seven Energy

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 Gulf oil spill damage valued at $17.2 billion in new study

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.

Exxon gets backing of GOP-led states in fight over climate probe

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.

Gulf of Mexico is equally important as Permian for U.S. oil production, Rystad says

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.