North America ///

Oil resumes rally as stockpiles ween lower, China eyes tax cuts

Oil climbed as investors anticipated another decline in U.S. crude inventories and China promised to slash taxes to avert an economic slowdown.

Saudi and Canadian cuts are leaving world hungry for heavy crude

Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind.

Chevron touts nimble shale as electric cars dim big oil's future

Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy.

Saudis say OPEC+ oil cuts provided `lifeline' to U.S. shale

Saudi Arabia’s energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.

U.S. LNG ready to take center stage in 2019

The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world.

Alberta keeps oil cuts at January Level as prices surge

Alberta’s government maintained its mandated oil curtailment in February at the same level as January even as Canadian heavy oil prices surged.

Texas drilling permits, completions statistics for December 2018

The Railroad Commission of Texas (Commission) issued a total of 811 original drilling permits in December 2018 compared to 885 in December 2017.

API's annual State of American Energy highlights leadership

API President and CEO Mike Sommers has addressed more than 400 government, labor and industry leaders on America’s economic leadership at API’s ninth annual State of American Energy address.

Chesapeake Energy has reported 2018 fourth-quarter results, operational update

Chesapeake Energy Corporation has reported selected financial and operational results for the 2018 fourth-quarter.

Oil bounces back to bull market fueled by OPEC cuts, trade talks

Oil stormed back into bull market territory, as investors who’d abandoned crude just a month ago were lured back by an OPEC-led campaign to bring runaway supplies in check.

George H. W. Bush: An oil and gas retrospective

Kurt Abraham, World Oil

The former President’s tenure in the U.S. upstream industry was just as exemplary as his later career in public service.

Water management

Mark Patton, Hydrozonix

May you live in interesting times

What's new in production

Don Francis, Contributing Editor

Hits and misses

Drilling advances

Jim Redden, Contributing Editor

Fixin’ what ain’t broke

Companies in the news

Michele Cowart, World Oil

ABB has been awarded an integrated automation, electrification and telecommunication project, valued at $79 million, for the upgrade of Bab onshore field in Abu Dhabi, by CPECC.

TransCanada drops 'Canada' from its name after 67 years

TransCanada Corp. is taking the Canada out of its name.

Oil climbs to 3-week high as trade talks fuel demand optimism

Oil closed at a three-week high as U.S. negotiators touted progress in trade talks with China and investors gained faith that OPEC will shrink output.

Danos, Equinor sign major contracts

Danos has secured a contract with Equinor for production operation support on its Titan SPAR platform, located in the deepwater Gulf of Mexico.

BP plans significant growth in deepwater Gulf of Mexico

BP has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region.

Emerge Energy Services, Chesapeake sign sand supply agreement

Emerge Energy Services LP has announced that its subsidiary Superior Silica Sands LLC has signed a new agreement with Chesapeake Energy Corporation covering frac sand supplied from Superior's San Antonio mine in South Texas.