North America ///

IPAA releases statement regarding Pruitt's confirmation as EPA administrator

The Independent Petroleum Association of America (IPAA) congratulated Oklahoma Attorney General Scott Pruitt on his confirmation as administrator of the Environmental Protection Agency (EPA).

Biggest U.S. drilling surge since 2012 has producers cashing in

U.S. drillers pushed ahead on the biggest surge in oil drilling since 2012 as companies take advantage of oil prices that have held steady above $50 for almost three months.

API's Colorado Petroleum Council slams misleading research on hydraulic fracturing

Colorado Petroleum Council Executive Director Tracee Bentley strongly slammed a report released today by the University Of Colorado School Of Public Health.

Covey Park buys additional Haynesville assets from Chesapeake

Covey Park Energy, announced the closing of the acquisition of additional assets in the Haynesville shale area of north Louisiana from Chesapeake Exploration, and related companies for $465 million.

Occidental said to be seeking buyer for South Texas assets

Occidental Petroleum Corp. is working with Citigroup Inc. to handle the sale of about 180,000 acres of E&P assets that hug the border with Mexico in South Texas, according to people familiar with the plans.

British Columbia helps bestow benefits of LNG plant on native people

The Province of British Columbia and the Metlakatla First Nation have reached new agreements to ensure benefits accrue as a result of the construction and operation of a liquefied natural gas (LNG) export industry in the Prince Rupert area on the country’s west coast.

TGS announces comprehensive well database available for the Permian basin

TGS, the leading provider of global geoscientific data products and services, today announces the immediate availability of the E&P industry's most comprehensive well database in the Permian basin.

Trump repeal of Obama energy regulation signals more to come

President Donald Trump has overturned an Obama-era anti-corruption rule that would have forced oil, gas and mining companies to disclose payments to foreign governments, becoming the first president in 16 years to take advantage of a law that allows him to rescind a predecessor’s regulations.

Tight oil expected to make up most of U.S. oil production increase through 2040, EIA says

EIA’s recently released Annual Energy Outlook 2017 (AEO2017) Reference case projects that U.S. tight oil production will increase to more than 6 MMbpd in the coming decade, making up most of total U.S. oil production.

Investor honeymoon with OPEC falters as U.S. shale drilling booms

There are limits to investors’ love affair with OPEC.

Petro River Oil identifies significant reserve potential with new 3D seismic data

Petro River Oil, an independent oil and gas exploration company utilizing the latest 3D seismic technology, announced today that recently acquired and reprocessed 3D seismic data has shown positive results in three of the Company’s project areas located in California and Oklahoma.

At $60,000 an acre, Permian may be too ritzy as crude rises

Record prices for drilling rights in the Permian basin, the most fertile U.S. shale field, are prompting oil companies and private equity investors to look elsewhere for the next big gushers.

Goldman sees cheaper energy from border tax, but not in U.S.

A proposed U.S. border-adjustment tax would make fuels that provide half the world’s energy cheaper -- for everyone except Americans.

Exxon Mobil awards license for efficient drilling technology to Pason Systems

Exxon Mobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System, a key component of the company’s Fast Drill technology suite.

CGG delivers final pre-STM data for Hobo 3D multi-client survey in Midland basin

CGG announced today that the final processed time volumes (Orthorhombic Kirchhoff PreSTM) from its recent Hobo 3D multi-client survey in the highly prospective Midland basin are now available for license.

Oilfield Helping Hands named beneficiary of OTC Distinguished Achievement Award

Oilfield Helping Hands (OHH), a nonprofit charitable organization comprised of volunteers devoted to providing financial assistance to oilfield workers in financial crisis, has been named the 2017 beneficiary of the Offshore Technology Conference (OTC) Distinguished Achievement Awards Luncheon.

Dakota Access granted approval without Trump’s renegotiation

When President Donald Trump advised expediting the controversial Dakota Access oil pipeline, he said he’d negotiate the terms. But the project was greenlighted with no strings attached.

BHP Billiton approves $2.2-billion investment in Mad Dog Phase 2 project

BHP Billiton has announced that the board has approved expenditure of $2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.

Wall street’s love affair with energy heats up as rigs soar

Wall Street is throwing the most money at U.S. energy companies since at least 2000 amid growing confidence that the industry is emerging from the worst downturn in a generation.

Parsley Energy announces $2.8-billion Midland basin buy

Parsley Energy, Inc., has announced that it has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties in the core of the Midland basin from Double Eagle Energy Permian, LLC, for an aggregate purchase price of approximately $2.8 billion, subject to purchase price adjustments and customary closing conditions.