North America ///

Emerald Bay Energy provides update on Kuhn 5 well, in South Texas

Emerald Bay Energy Inc. has provided the following update on the Company’s plans to drill the Kuhn 5 well at the Wooden Horse property in South Texas. As previously announced, the Kuhn 5 well location was chosen as Buda target.

Peterson, Port Cameron partner to develop deepwater staging port in Louisiana

Leading international energy logistics provider Peterson has signed a teaming partnership agreement with Port Cameron LLC, to develop a state-of-the-art port and supply base facility in the Gulf of Mexico. Peterson will provide logistics consultancy services to support the planning and initial development of Port Cameron, a 500-acre deepwater staging port situated in Cameron, Louisiana, serving the Gulf of Mexico.

Chesapeake surges as CEO keeps focus on cuts, asset sales

Chesapeake Energy Corp. shares jumped the most in almost two years, putting it on top of the S&P 500, after the shale explorer pledged to continue its push to cut spending and sell more assets in the year ahead.

EIA: Tight oil remains the leading source of future U.S. crude oil production

EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 MMbpd and account for nearly 70% of total U.S. production.

Baker Hughes surges as GE says it's keeping stake through pact

Baker Hughes has cleared one obstacle on its recovery path.

Oil declines as spare U.S. supplies menace OPEC's anti-glut plan

Oil dropped as expanding U.S. stockpiles knocked the steam out of the OPEC-led effort to drain a worldwide glut.

Abrado completes rig-less, dual-string section-milling P&A job in GOM

Abrado announced today that it has completed the first well in a multi-well P&A campaign for an independent GOM operator, using its proprietary Medusa expandable casing section-milling technology.

Billionaire Texas oilman Hildebrand steps down as Hilcorp Energy CEO

Hilcorp Energy Co. announced that its billionaire owner Jeff Hildebrand has stepped down as chief executive officer of the largest closely held U.S. oil explorer.

LOOP completes first VLCC crude oil loading operation

LOOP LLC has successfully completed the first very large crude carrier (VLCC) crude oil loading operation at its Deepwater Port, 18 mi offshore of Port Fourchon, La.

Trinidad Drilling considers sale as Canadian E&P activity slumps

Trinidad Drilling Ltd., which provides contract drilling services in North America and the Middle East, is considering selling itself as years of slumping drilling activity in Canada weighs on revenue.

Shell shows interest in BHP assets amid plans to expand in shale

Royal Dutch Shell Plc said it’s potentially interested in BHP Billiton Ltd.’s oil assets on sale in the Permian basin in the U.S. as it seeks to boost its role in shale.

BHP sees faster shale sale in race to exit $10-billion unit

BHP Billiton Ltd. is accelerating plans to exit its $10-billion U.S. shale unit, flagging that deals could be announced before the end of the year.

U.S. oil costly again as it's stored less and shipped more

Dwindling volumes at the biggest U.S. oil storage hub and the potential for bigger cargoes to sail overseas is giving American crude a premium sheen once again.

Interior sets date for largest oil, gas lease sale in U.S. history

In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

Mexico officially joins IEA as 30th member country

Mexico officially became the International Energy Agency's 30th member country on Feb. 17, 2018, and its first member in Latin America.

Fieldwood Energy files for Chapter 11 bankruptcy relief

Fieldwood Energy LLC announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas as part of a "prepackaged" chapter 11 case.

Foothills Exploration reports successful completion, flow testing of horizontal well in Utah

Foothills Exploration, Inc., an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, reported today the successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well, now producing natural gas in commercial quantities.

Deloitte: Industry exercises caution with M&A, though trend is changing

Deloitte forecasts that although the oil & gas industry may be in love with the recent rise in commodity prices it is still exercising some caution when it comes to M&A activity, but that is changing.

Cenovus CEO sees more Deep basin asset sales, but no full exit

Cenovus Energy Inc. CEO Alex Pourbaix said the oil-sands producer will consider selling more of its holdings in Alberta’s Deep basin -- but not exiting the play entirely -- to speed up efforts to repair its balance sheet.

New software puts real-time drilling monitoring in reach

Proactive Real Time Systems (PRTS) has launched its new software product called the Real-Time Advisory System (RTAS).