North America ///

Establishing tertiary EOR operations in unconventional plays

Gary Covatch, Joseph Renk, National Energy Technology Laboratory, U.S. Department of Energy

Two federally-funded projects in the Bakken and Eagle Ford shales strive to improve recovery efficiency in unconventional plays while accelerating their development and generating high-quality data.

Drilling advances

Jim Redden, Contributing Editor

Catching up with the times

Big oil’s big bet on natural gas creates a big headache

The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But they’re taking a hit as prices tank.

EIA: U.S. crude oil production continues to set records

U.S. crude oil production in each of the first five months of 2019 showed increases over their 2018 levels, with April 2019 establishing a new monthly record. Production grew the most in the Permian region and the U.S. Gulf of Mexico.

Permian needs $9-billion worth of new wells – but not for crude, says analyst

As much as $9-billion will be needed over the next decade to dispose of produced water in the world’s busiest shale field, according to Raymond James & Associates Inc.

Shale drilling’s worst yet to come, biggest rig owner says

Shares of America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne said he called the bottom too soon.

New shale technology detects completion problems, parent/child well interference

Deep Imaging today announced the first and only real-time solution for tracking fluid as it’s pumped through the wellbore and out to the fracture tips during a completion job.

Baker Hughes sells reciprocating compression business to private equity fund

Arcline Investment Management signed a definitive agreement to acquire the reciprocating compression division of Baker Hughes, a GE company.

No fast exit from Permian oil for private equity, RS Energy says

Private equity has been ramping up its investment in Permian basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group.

Chevron seeks to turn Canada LNG plan into all-electric design

Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world.

WoodMac, P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

Wood Mackenzie, the global natural resources research consultancy, announced its partnership with P2 Energy Solutions to better analyse current and future well spacing.

Tropical storm races toward Louisiana, curbing oil output

Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding in New Orleans.

Cenovus Energy reaches production milestone in northern Alberta

Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology.

Oil rides to seven-week high on Gulf storm, tightening U.S. supply

Oil rode a tide of bullish news to its highest price in almost two months as a potential hurricane roiled the Gulf of Mexico and U.S. crude inventories dropped.

Tropical Storm Barry could form in Gulf of Mexico, rattling markets

A tropical storm could form in the eastern Gulf of Mexico by Thursday and potentially swirl through offshore oil and gas fields along the coast.

Developer of oil, gas data services takes over operation of frac data sharing system

PDS Energy Information (PDS), a provider of secure data transfer exchange services for oil & gas drilling, completion, and production data, has announced that it has assumed commercial operation of the Frac Interference Exchange (FracX), a reciprocal data sharing network previously developed and operated by one of the largest operators in the Permian basin to coordinate hydraulic fracturing activity among producers.

Wood Mac: Growth in the Permian may spur fresh wave of infrastructure spending

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 bpd by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.

McDermott, Cameron LNG announce agreement regarding LNG project in Louisiana

McDermott International, Inc. has announced it and its joint venture member Chiyoda have reached an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana.

Oil near $57 as smaller U.S. stockpile drop adds to economy woes

Oil declined as a smaller-than-expected draw in U.S. inventories added bearish sentiment to a market already reeling from gloomy economic news.

Shale drilling slips back to one-year low as oil rally falters

American oil explorers cut back on the number of drilling rigs this week, matching a one-year low reached last month, as crude’s rally falters amid growing concerns over demand.