NorthAmOil Top Story archive

12 April 2018, Week 14, Issue 503

Statoil and Total have completed the acquisition of bankrupt Cobalt International Energy’s US Gulf of Mexico assets, it was announced on April 11. Cobalt had held a 60% stake in the North Platte...

05 April 2018, Week 13, Issue 502

Energy Transfer Partners reported a cyber-attack on April 2 that targeted its electronic data interchange (EDI) systems run by Latitude Technologies, a unit of Energy Services Group. The EDI...

29 March 2018, Week 12, Issue 501

Concho Resources announced this week that it is buying RSP Permian in an all-stock deal valued at roughly US$9.5 billion including RSP’s US$1.5 billion of net debt. The transaction marks the...

22 March 18, Week 11, Issue 500

Cenovus Energy is reportedly seeking a partner to fund C$1.3 billion (US$1.0 billion) in construction costs to build supporting infrastructure at its Narrows Lake oil sands development.

15 March 2018, Week 10, Issue 499

Distressed Chinese-backed Canadian energy company Sequoia Resources is walking away from thousands of Alberta well sites in a move that will put a financial strain on the province’s Orphan Well...

08 March 2018, Week 09, Issue 498

Following an amended sales and purchase agreement (SPA) with Royal Dutch Shell, Venture Global LNG’s Calcasieu Pass has contracted 3 million tpy of supplies. 

01 March 2018, Week 08, Issue 497

Canada’s Suncor Energy has applied to build a 160,000 bpd oil sands plant in Alberta. The proposed Lewis project, wholly owned by Suncor, would be located roughly 25 km northeast of Fort McMurray...

22 February 2018, Week 07, Issue 496

 Noble Energy has posted fourth-quarter net income of US$494 million but a full-year loss of US$1.12 billion. The company, on February 20, said sales volume was 380,000 boepd in the fourth quarter...

15 February 2018, Week 06, Issue 495

The US has said it will sell 15% of its Strategic Petroleum Reserve (SPR) within the next 10 years in an effort to help offset a budget shortfall, in addition to other sales approved last year....

08 February 2018, Week 05, Issue 494

Pioneer Natural Resources has set out plans to sell off a slew of assets, leaving it to focus on the Permian Basin. Assets to be sold include those in South Texas, Raton and the West Panhandle....

01 February 2018, Week 04, Issue 493

Royal Dutch Shell and Chevron both announced significant deepwater Gulf of Mexico finds this week, in a welcome demonstration that there are US opportunities beyond onshore shale oil plays. Shell’...

25 January 2018, Week 03, Issue 492

Plains All American (PAA) has confirmed it will go ahead with its plans for the 585,000 bpd Cactus II pipeline, with Trafigura signing up for 300,000 bpd. 

18 January 2018, Week 02, Issue 491

A patent law case with potentially serious implications for the US and Canadian shale industries is once again in the news this week, after Packers Plus Energy Services announced that it had filed...

11 January 2018, Week 01, Issue 490

The government of US President Donald Trump has proposed an unexpectedly large expansion of offshore drilling in most federal waters, from California to Alaska. The plan is unprecedented in scope...

22 December 2017 Week 50 Issue 489

Tellurian has set out plans to develop three pipelines in Texas and Louisiana, continuing its bold expansion strategy to seek a stronger hold in the US’ gas market. Setting out its intent on...

Pages