North America ///

Cameron introduces new series of flow meters

The CamCor series meters can handle many hydrocarbon production and processing applications effectively, but are especially suited for monitoring separator outlets near wellheads, crude oil custody transfer operations, in plants and pipelines delivering refined products and specialty gases, low-flow applications, and high viscosity fluids, such as crude oil and adhesives.

TransCanada quarterly profit rises on power and pipe volumes

TransCanada Corp., which divides its business between pipelines and power plants, reported higher second-quarter profit as the company transported more fuel and produced more electricity from a nuclear plant in Ontario.

Dark times ahead as oil slump lingers

Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.

Chevron profit plummets after writedown of oil asset values

Chevron Corp. posted its lowest profit in more than 12 years after an energy market rout prompted the company to write down the value of oil and gas fields by almost $2 billion.

Exxon profit lowest since 2009 as cost cuts lag oil’s drop

Exxon Mobil Corp. posted its worst quarterly performance in six years as a worldwide glut of oil collapsed prices faster than explorers trimmed costs.

Shell Arctic support vessel turned back by Greenpeace activists

Greenpeace USA activists suspended from the St. John’s Bridge in Portland, Oregon, for more than 30 hours have prevented Shell’s Arctic drilling support vessel, the Fennica, from leaving Portland.

First deviated Pierre wellbore completed in Colorado

Austin Exploration advises that the drilling of the company's deviated exploration well has encountered natural gas in the Pierre formation at its flagship Pathfinder project in Colorado.

Crude oil exports would benefit Great Lakes Region, says Sen. Murkowski

U.S. Sen. Lisa Murkowski, R-Alaska has furthered her efforts to end the current ban on U.S. crude oil exports by releasing a report on the potential benefits to the Great Lakes region if the United States allowed domestic crude oil exports.

Gas awakening from U.S. shale slumber as LNG shipments near

After years of languishing in a shale-induced coma, the U.S. natural gas market is waking up.

Boehner calls for end to U.S. oil export ban

House Speaker John Boehner (R - Ohio) has called for the lifting of the oil export ban—a move he says will help create jobs, lower energy prices, and support America’s allies.

Suncor deepens spending cuts for 2015 as oil price languishes

Suncor Energy Inc., Canada’s largest oil producer, cut its spending plan for 2015 for a second time and eliminated some non-essential projects as part of cost-reduction efforts.

Oil industry starts fresh round of cost cuts as oil slump persists

BP Plc and Chevron Corp. fired the opening salvo for a further round of cost cuts by major oil companies grappling with the prolonged collapse in crude prices.

How pipelines saved America’s biggest oil basin from bust

To understand why U.S. oil production is so resilient, it helps to consider the maze of pipelines running out of Midland, Texas.

OFS Portal elects Bhushan Ivaturi of GE Oil & Gas to board

OFS Portal, eCommerce thought leaders and standards advocates in the upstream oil & gas industry, has announced that Bhushan Ivaturi, CIO of GE Oil & Gas Downstream & Technology Solutions has been elected to its Board of Directors replacing Jorge Frausto also from GE Oil & Gas.

Lonestar announces Joint Development Agreement with IOG Capital

Lonestar Resources, Ltd. has announced the closing of a $100 million Joint Development Agreement (JDA) with IOG Capital.

WellAware launches Chemical Management Solutions to reduce oilfield operating costs and optimize production

WellAware has launched the WellAware Chemical Management and WellAware Chemical Optimization products. Designed for E&P and chemical service companies, the new products reduce operating costs, minimize pump and well downtime, and optimize production.

Billionaire Ambani said to weigh sale of U.S. shale gas holdings

Indian billionaire Mukesh Ambani’s Reliance Industries is weighing a sale of its U.S. shale gas investments, people with knowledge of the matter said.

National Oilwell Varco achieves positive results despite downturn

NOV reported that for its second quarter, it earned net income of $289 million, compared to first quarter net income of $310 million.

U.S. could be energy superpower with repeal of oil export ban, Senate committee hears

U.S. Sen. Lisa Murkowski (R – Alaska) testified before the Senate Banking Committee Tuesday on the benefits of lifting the ban on domestic crude oil exports.

FERC approves Excelerate Energy's Puerto Rico FLNG project

The U.S. Federal Energy Regulatory Commission (FERC) has granted authorization to Excelerate Energy, in cooperation with the Puerto Rico Electric Power Authority (PREPA), to site, construct, and operate the proposed Aguirre Offshore GasPort project.