North America ///

Weatherford uses Chapter 11 restructuring to gain breathing room

One of the world’s largest oilfield services companies filed for Chapter 11 Bankruptcy protection on Friday, and the move may finally give Weatherford International plc enough room/time to turn around its struggling operations.

Pemex gets record $8 billion loan in bid to reassure investors

Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer.

Equinor increases share in deepwater Gulf of Mexico from Shell

Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash.

Houston Ship Channel still not safe for passage to GOM after oil spill

The U.S. Coast Guard said on Saturday it’s too early to estimate when the Houston Ship Channel can reopen after a collision that spilled about 9,000 barrels of a gasoline ingredient into the water.

Permian drillers pull back amid U.S.-China trade spat

Crude explorers deployed fewer rigs in U.S. fields this week amid an escalating U.S.-China trade war that weighed on oil prices.

RRC commissioners assess greater than $300,000 in penalties during May proceedings

The Railroad Commission of Texas assessed $302,152 in fines involving 152 enforcement dockets against operators and businesses at the Commissioners’ conference this week.

Chevron's $1 billion could be used to buy one of these companies, instead of Anadarko

Chevron Corp. is taking its $1 billion breakup fee and walking away from the biggest deal in the oil industry in at least four years. But the supermajor may not be done yet.

Chevron, Oxy, Anadarko and meaning of "winning"

If there’s one thing Chevron Corp. CEO Mike Wirth ought to do this week, it’s keep his story straight – even if that means letting Occidental Petroleum Corp. take Anadarko Petroleum Corp., by dint of changing its own story out of all recognition.

BP approves Thunder Horse South expansion Phase 2

BP approves Thunder Horse South expansion Phase 2

Saudi Aramco weighs potential shale investment with Equinor

Saudi Aramco is weighing a potential investment in Norwegian oil company Equinor ASA’s U.S. shale operations in what could be the energy giant’s first ever overseas venture for gas exploration.

Pioneer CEO says Chevron is "bottom fishing" in Anadarko deal

Scott Sheffield, the founder and chief executive officer of shale producer Pioneer Natural Resources Co., thinks Chevron Corp. should take its $1 billion breakup fee and walk away from the Anadarko Petroleum Corp. deal.

Water management

Mark Patton, Hydrozonix

Time for a reality check

Oil and gas in the capitals

Dr. Roger Bezdek, Contributing Editor

Colorado’s calamity

Federal field laboratories improving production efficiency, minimizing environmental impacts

Rob Vagnetti, Jared Ciferno, National Energy Technology Laboratory, U.S. Department of Energy

The Marcellus shale Energy and Environmental Laboratory (MSEEL) is a field project conducted by the National Energy Technology Laboratory (NETL), an agency of the U.S Department of Energy. It conducts extended studies to analyze and characterize key attributes of the Marcellus in the eastern U.S., to increase production and ultimate recovery. MSEEL is one of numerous field lab projects conducted by NETL.

OTC: Canadian officials tout massive potential

Don’t forget that Canada is a major source of oil and gas, and an extremely reliable place to do business was the message put forth at OTC on Monday by officials from several jurisdictions in the country.

OTC: Siemens and TÜV SÜD partner to strengthen digital safety, security for energy

Bright and early on Monday morning, in a special press briefing on the first day of the Offshore Technology Conference in Houston, Siemens and TÜV SÜD announced that they are coming together to address the growing risk of cyberattacks on critical infrastructure.

OTC: Keynotes from industry execs open 50th Offshore Technology Conference

The Offshore Technology Conference (OTC) kicked off Monday, May 6, at NRG Park, Houston, with a keynote session by four industry executives who discussed how companies are preparing for the future of offshore E&P with the introduction of machine learning, digitalization, and automation.

Pioneer asks senior management to consider retirement, sells assets

Pioneer Natural Resources Co. is asking one-third of its senior managers to retire as the Texas shale oil driller shrinks spending, sells assets and raises dividends.

Saudi Arabia’s TAQA announces North American Investment, acquisition plans

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield services technology and manufacturing sectors by the end of the year.

Activist stakeholder pushes for Carrizo sale

Activist investor Lion Point Capital has built a position in Carrizo Oil & Gas Inc. and wants the driller to explore a sale or merger with another Permian explorer to gain scale.