North America ///

U.S. Geological Survey releases frac sand research

Newly released research from the U.S. Geological Survey (USGS) describes U.S. hydraulic fracturing (frac) sand deposits and their locations, and provides estimates of frac sand production, consumption, and reserves.

Applus RTD to open new office in Corpus Christi

Applus RTD has announced it is to open an office in Corpus Christi, Texas following increased demand for its non-destructive testing (NDT) services from the region’s energy industry.

A relic of California’s oil past haunts state with ocean spill

A pipeline the oil market had all but forgotten resurfaced like a painful memory last week, spilling 500 bbl of heavy oil into the Pacific Ocean.

Brent oil trades near one-month low on Iraq exports, dollar

Oil traded near a one-month low in London on concern record Iraqi exports will boost OPEC supplies.

Billionaire Koch brothers top Wealth-X list of wealthiest U.S. oil tycoons

The Koch brothers took the top two positions in a Wealth-X list of the wealthiest U.S. oil tycoons released Tuesday.

Texas storms shut wells and fuel rack as plants go unscathed

Devon Energy Corp. shut wells and Kinder Morgan Inc. suspended operations at a fuel terminal southeast of Houston after storms flooded parts of Texas and cut power to tens of thousands. Refineries and pipelines continued to run.

OPEC seen backing Saudi Arabia’s plan to keep supplies elevated

When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil levels, prices will be on its side.

Big oil investors give cold shoulder to climate change

Investor resolutions urging corporate leaders to be more environmentally friendly in how they run their businesses are being rolled out at a record pace this year for the energy industry. Just don’t expect them to pass.

Non-OPEC production growth reduced by over 2 MMbopd towards 2020: Rystad Energy

Non-OPEC liquids growth potential of 5.5 MMbopd over the next five years has been reduced by over 2 MMbopd to 3.3 MMbopd, according to Rystad Energy’s most recent forecasts.

New offshore wind blowing in North America: Douglas-Westwood

For the U.S. energy industry, 2014 will be remembered as the year when crude oil prices fell below $50/bbl, resulting in significant realignments in the sector, noted Douglas-Westwood’s DW Monday.

Oil trades near $60/bbl as U.S. drillers add onshore rigs

Oil traded near $60/bbl as explorers in the U.S. increased drilling activity for the first time since November.

Claims that Exxon is lobbying on Iran sanctions are inaccurate, company says

Media has reported that ExxonMobil is lobbying the U.S. government on Iran sanctions are inaccurate.

Twin Eagle lands its first 130 car frac sand unit train in the heart of the Eagle Ford shale

Twin Eagle Sand Logistics, a subsidiary of Twin Eagle Resource Management, has landed its first 130 car frac sand unit train at Mission Rail in Elmendorf, Texas, which is in the heart of the Eagle Ford shale.

Oil bears miss out as record U.S. refinery demand drives rally

Oil speculators missed out as record demand from U.S. refineries helped trim supplies from their highest level in more than eight decades and drive prices higher.

Oil’s whodunit moment coming with millions of barrels to vanish

Millions of barrels of untapped oil that U.S. shale drillers discovered during the boom years are about to disappear from their inventories.

Coast Guard responds to oil platform fire in Gulf of Mexico

The U.S. Coast Guard is responding to a report of a platform fire near Breton Island, Friday.

Vanguard Natural Resources to acquire Eagle Rock Energy Partners

Vanguard Natural Resources and Eagle Rock Energy Partners have entered into an agreement and plan of merger pursuant to which a subsidiary of Vanguard will merge into Eagle Rock for total consideration of $474 million in Vanguard common units and the assumption of Eagle Rock's net debt of $140 million as of Mar. 31.

OPEC seen unyielding in oil-market share battle with shale

OPEC will stick with the strategy of favoring market share over prices when it meets next month because rival producers are already starting to buckle.

Oil rout spurs Canadian Pacific to cut shipments forecast

Canadian Pacific Railway Ltd. cut its forecast for moving crude by rail for a second time in four months because of production delays and lower demand for the commodity. This year’s total will probably be 100,000 to 140,000 carloads, Chief Operating Officer Keith Creel said Wednesday. Canadian Pacific had forecast 140,000 in January, a reduction from its original outlook of 200,000.

Risk from Canada’s oil sands reputation is as challenging as costs

Canada’s oil sands industry faces an equal risk from its reputation as an environmental laggard, as from high operating costs, industry observers said. The failure to win approval for pipelines like TransCanada Corp.’s Keystone XL and Enbridge Inc.’s Northern Gateway is tied to concerns about carbon emissions with oil production, Ed Whittingham, executive director of the Pembina Institute, said at the Bloomberg Economic Series Canada summit in Toronto. “The oil sands feeds into concern about the climate,” he said. “The primary driving concern is climate.”