North America
Article
November 2024
Upstream oil and gas activity in the part of the U.S. residing in U.S. Federal Reserve District 11 declined slightly during third-quarter 2024, as commodity prices stagnated.
Article
November 2024
It goes without saying that the U.S. upstream industry is very pleased with the Nov. 5 election result. That large sound that some of you across the pond in Europe might have heard was the giant, collective sigh of relief coming from operators, service companies and drilling contractors throughout the country, as President-elect Trump is wasting no time in putting together a wide-ranging energy plan.
Article
November 2024
The American people sent a resounding message during the 2024 election: they do not like the direction the country is headed, and they want change. With President-elect Donald J. Trump’s decisive win, and Republicans holding both branches of Congress, the time is ripe to pivot toward policies that truly benefit hardworking Americans. High energy costs, inflation, and bureaucratic red tape are issues that families and businesses confront daily, and it’s time to turn the tide.
News
December 03, 2024
McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico. The project's engineering delivery will be led from McDermott's Houston office.
News
December 02, 2024
Energy NL has announced its full support of Premier Andrew Furey's statement which maintains the federal emissions cap regulations must respect the Atlantic Accord and the principle of joint management.
Article
November 2024
Continuing with the story from prior columns, we’re looking at U.S. drilling activity to see how drilling performance has changed over the last few years and what it might say about how we can advance drilling even further.
Article
November 2024
After four years of often irrational, counterproductive federal policymaking by the Biden/Harris administration, America’s oil and gas industry celebrated the election of Donald J. Trump (Fig. 1) to a second term in office in the Nov. 5 elections.
News
December 01, 2024
(Bloomberg) – Mexican state oil company Petroleos Mexicanos is putting a freeze on new contracts with service providers as the company works to pay off the roughly $20 billion it owes suppliers.
News
November 26, 2024
Exxon says U.S. oil producers won't significantly boost output under Trump, despite calls to "drill, baby, drill," citing economic priorities over political changes.
News
November 26, 2024
An average of 13.4 MMbpd of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration Petroleum Supply Monthly.
News
November 27, 2024
President-elect Trump’s pro-energy agenda includes fast-tracking permits for stalled LNG projects, reversing Biden-era regulatory pauses and increasing leases on federal land for gas production. This could strengthen the sentiment around global LNG supply after years of uncertainty.
News
November 25, 2024
BP Plc anticipates strong growth in the U.S. as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.
News
November 28, 2024
Empire Petroleum Corporation announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank, increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026.
News
November 22, 2024
ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation. The integration will add seamless value to ConocoPhillips' deep, durable and diverse portfolio while meeting our strict financial framework, said CEO Ryan Lance.
News
November 22, 2024
(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus, which could come in the next five years, CEO Vicki Hollub said in Midland, Texas this week.
News
November 21, 2024
Nostra Terra, the international oil & gas exploration and production company with development and production assets in Texas, U.S., has announced a successful fundraise supported by institutional investors, Directors and Management, existing shareholders and new investors.
News
November 19, 2024
ONEOK has agreed to sell its three wholly owned interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream for $1.2 billion in cash.
News
November 19, 2024
SCS Technologies today announced the adoption of Microsoft RealWear Navigator Z1 for its Factory Acceptable Tests (FATs). SCS can now conduct FATs remotely, increasing productivity while saving time and costs associated with critical oil and gas system and component testing.
News
November 19, 2024
Today the IPAA presented its issue priorities to the Trump transition team. IPAA members are the primary producers of the nation’s oil and natural gas, accounting for 83 percent of America’s oil production and 90 percent of its natural gas output.
