North America ///

BP deploys cloud-based analytics solution on Gulf of Mexico platforms

BP announced today that it has successfully deployed Plant Operations Advisor (POA), a cloud-based advanced analytics solution developed with Baker Hughes, a GE company, across all four of its operated production platforms in the deepwater Gulf of Mexico.

Tropical Storm Gordon could be a problem for GOM producers

Tropical Storm Gordon may become a hurricane as it crosses the Gulf of Mexico toward Louisiana and New Orleans, potentially causing issues for natural gas and oil production as it brushes the eastern edge of offshore energy fields.

Ikon Science donates geoscience software to Mexico's ITPE

Ikon Science, the leader in geoprediction technology, has donated 12 of its RokDoc geoscience software licenses to the ITPE - Instituto Tecnológico del Petróleo y Energía in Merida, Mexico.

Penn Virginia to begin auction process in September

Penn Virginia Corp. has reached out to potential buyers including Hilcorp Energy Co. and WildHorse Resource Development Corp. ahead of a sale process slated to start next month, according to people familiar with the matter.

Reabold announces commercial discovery in California's West Brentwood area

Reabold, the oil and gas investing company, has announced that Integrity Management Solutions, contract operator of the company's California investments, has informed the company of a commercial hydrocarbon discovery at the Venturini-Ginochio #3 (VG-3) well within the West Brentwood license area.

Total divests interest in Joslyn oil sands project in Alberta

Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of C$225 million.

Trump threatens WTO withdrawal "if they don't shape up"

President Donald Trump said he would pull out of the World Trade Organization if it doesn’t treat the U.S. better, continuing his criticism of a cornerstone of the international trading system.

Eastern Canada is finding new (non-U.S.) customers for its oil

Canada is finding new customers for its Newfoundland oil.

Wavefront commences powerwave operations in India

Wavefront Technology Solutions Inc., the advanced IOR and EOR company, has commenced the previously announced powerwave well stimulation campaign in India.

Finalists announced for the 2018 World Oil Awards

World Oil and Gulf Energy Information has announced the finalists for the 2018 World Oil Awards. For 17 years, these prestigious awards have honored the upstream energy industry's leading innovators and innovations.

TransCanada's shale gas pipe cost jumps by $1 billion

TransCanada Corp. won a 49% price increase for space on the pipeline it’s building to haul shale gas from Appalachian fields as labor shortages and escalating land prices pushed construction costs almost $1 billion higher.

Fugro acquires data in frontier region seep hunting program, offshore eastern Canada

Fugro has successfully completed the geophysical acquisition portion of a 2018 Carson Basin seep hunting program in offshore eastern Canada.

BP considers selling older U.S. shale assets after BHP purchase

BP Plc is considering selling some of its older U.S. oil and gas fields after buying better quality ones from BHP Billiton Ltd. in July.

Fairfield Geotechnologies embarks on Quail Ridge East survey

Fairfield Geotechnologies announces its newest multi-client project in Lea County, New Mexico. Quail Ridge East is one of three ongoing surveys that extends Fairfield Geotechnologies’ data portfolio in the northern Delaware basin.

U.S. Energy Corp. announces MOU to acquire Bakken assets

U.S. Energy Corp. has announced that it has entered into an exclusive non-binding Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota.

After success of first Osage formation test well, Jericho continues drilling momentum

Jericho Oil Corporation announces that its Oklahoma STACK Joint Venture (JV) will commence this week with the drilling of its second Osage formation well, the Trebuchet 21-23N-10W #1H, within its northern STACK acreage position further delineating the nearly 16,000 net STACK acres.

Fracing robots in the works as oil field is digitized

Rack up one more thing robots can be used for: Fracing for oil.

Magnolia Oil & Gas acquires majority of Harvest Oil & Gas' South Texas assets

Magnolia Oil & Gas Corporation has announced that it has agreed to acquire substantially all of the South Texas assets of Harvest Oil & Gas Corp. for approximately $135 million in cash.

Halliburton automates hydraulic fracturing with first-of-its-kind service

Halliburton Company today unveiled Prodigi AB Service, a first-of-its-kind offering that introduces automation to hydraulic fracturing. By automating the breakdown process of a fracturing treatment, Prodigi AB Service helps deliver better well performance.

Oil trades near $67 as investors assess outlook for U.S. crude

Oil traded near $67/bbl as investors weighed an expected decline in American inventories against the U.S. government’s plans to release crude from its emergency stockpiles.