North America ///

Marathon mimics private equity hunting next big thing in crude

Marathon Oil Corp. is mirroring private equity as it looks for the next big thing in U.S. crude.

Pompeo said to discuss trade, foreign policy with oil executives

U.S. Secretary Of State Mike Pompeo will meet with senior U.S. oil executives in Houston on Tuesday to discuss boosting boost crude exports and advancing America’s position as a global energy powerhouse, according to people with knowledge of the meeting.

EIA: Increases in natural gas production from Appalachia affect natural gas flows

The 2019 Annual Energy Outlook (AEO2019) Reference case shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas.

API applauds government focus on timely approvals of LNG export facilities

The American Petroleum Institute issued a statement today supporting the Department of Energy’s (DOE) non-Free Trade Agreement export authorization for Venture Global’s Calcasieu Pass liquefied natural gas (LNG) export facility last week, along with the introduction of a Senate bill designed to speed the Federal Energy Regulatory Commission’s (FERC) reviews of LNG terminals and other energy infrastructure.

Cognite expands into North American technology market

Cognite, a leading provider of structured and contextualized data for industrial applications, today announced that it will enter the North American technology market and open a U.S. headquarters facility in the summer of 2019.

Shale on brink of M&A as oil majors flex muscles in Permian

Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers.

Oil's big reset: Energy majors learn to thrive after price crash

When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed.

Chevron expects 600,000 bpd in Permian output by 2020

At its annual Security Analyst Meeting, Chevron Corporation announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years.

Oil driller weighs sale after Canadian crude collapse

Pengrowth Energy Corp. is considering selling itself as the driller moves to lighten its debt load following a collapse in Canadian oil prices that pummeled the nation’s energy industry.

Colorado lawmakers weigh dramatic overhaul of oil drilling laws

A proposal to overhaul Colorado’s drilling laws had its first hearing yesterday, pushing the bill one step closer to a vote by the Democrat-controlled state legislature.

ExxonMobil to accelerate Permian production by 80%

ExxonMobil said today it has revised its Permian basin growth plans to produce more than 1 MMboed by as early as 2024 – an increase of nearly 80% and a significant acceleration of value.

Halliburton introduces new Motors Center of Excellence

Halliburton Company has announced Motors Center of Excellence, a new approach to drilling motor development that combines specialized engineering and manufacturing capabilities to customize motor designs for specific basin challenges.

Colorado Petroleum Council, Colorado Oil and Gas Association lead rally to protect Colorado jobs against Senate Bill 181

Today, the Colorado Petroleum Council and the Colorado Oil and Gas Association will join energy workers and supporters from across Colorado for a rally to protect and defend the hundreds of thousands of Colorado jobs supported by the state’s oil and gas industry.

Crude advances as U.S., China close in on healing trade rift

Oil climbed as the U.S. and China were said to be near a settlement of a trade dispute that threatened to erode energy demand in the world’s largest economies.

Bidders said to emerge in BP's $7 billion U.S. shale asset sale

BP Plc’s sale of a portfolio of U.S. onshore shale assets worth a combined $7 billion is progressing, with suitors preparing bids for parts of the portfolio, according to people with knowledge of the matter.

S&P lowers Mexico sovereign outlook to negative on AMLO oil plan

S&P Global Ratings lowered its outlook for Mexico’s sovereign debt to negative from stable, saying the nation’s shift to limit private sector involvement in energy could lower economic growth prospects.

Enbridge pipeline delayed a year in hit to Canadian oil industry

In a major blow to the Canadian oil industry, Enbridge Inc. now expects the replacement and expansion of its Line 3 crude oil pipeline to be in service about a year later than expected.

Emerson opens Permian basin service center

Emerson has announced the opening of a new $4 million Permian Basin Service Center to bring enhanced oil and gas technologies and services to the fast-growing region.

Texas RRC Commissioners assess more than $589,500 in penalties

Railroad Commission of Texas assessed $589,537 in fines involving 199 enforcement dockets against operators and businesses at the Commissioners’ conference this week.

Shale c-suite turmoil casts shadow on record U.S. oil growth

Shockwaves in the c-suites of shale companies are showing investor frustration with an industry that continues to outspend cash flow.