NorthAmOil Top Story archive

09 March 2017, Week 09, Issue 448

A three-year pilot project that produced Alberta oil sands bitumen with no water and resulted in low emissions has been dubbed a success by the company leading it.

02 March 2017, Week 08, Issue 447

EOG Resources has increased its capital expenditure for 2017 as it benefits from lower costs and higher prices. Announcing its full-year 2016 results on February 27, the company said it had...

23 February 2017, Week 07, Issue 446

ConocoPhillips has taken a major write-down on its Canadian oil sands reserves as a result of lower prices. At the end of 2015, proven undeveloped reserves were 3.02 billion barrels. By the end of...

16 February 2017, Week 06, Issue 445

The almost C$2 billion (US$1.5 billion) price hike at Suncor Energy’s Fort Hills oil sands project is a result of construction delays triggered by the 2016 wildfires as well as changes in its...

09 February 2017, Week 05, Issue 444

Parsley Energy has entered into an agreement with Double Eagle Energy Permian to acquire undeveloped acreage and producing properties in West Texas’ Permian Basin. The acquisition follows the...

02 February 2017, Week 04, Issue 443

Canada’s National Energy Board (NEB) is restarting the regulatory review of TransCanada’s Energy East pipeline, further delaying the project.

26 January 2017, Week 03, Issue 442

BP has begun production at its Thunder Horse South expansion project ahead of schedule and under budget. The move is one of several in a series of efforts to expand BP’s production in the US Gulf...

19 January 2017, Week 02, Issue 441

Hess has announced that it is increasing its capital and exploration budget for 2017. The New York-based independent said on January 12 that its capital expenditure budget for the year totalled US...

12 January 2017, Week 01, Issue 440

W&T Offshore has announced the discovery of new, deeper reservoirs at the Mahogany field in the US Gulf of Mexico.

23 December 2016, Week 50, Issue 439

Norway’s Statoil has said it is exiting Canada’s oil sands with the sale of assets, as it continues efforts to streamline its portfolio.

08 December 2016, Week 48, Issue 437

Oklahoma City-based Chesapeake Energy is selling part of its Haynesville shale assets in Louisiana as part of the company’s ongoing push to shore up its balance sheet.

01 December 2016, Week 47. Issue 436

On November 28, Denver-headquartered Centennial Resource Development announced that it was acquiring oil and gas assets in Reeves County, Texas from Silverback Exploration for US$855 million.

10 November 2016, Week 44, Issue 433

The small-scale Woodfibre LNG project near Squamish has become the first in British Columbia to receive the go-ahead for construction from its backers.

03 November 2016, Week 43, Issue 432

Occidental Petroleum has bought more acreage in the Permian Basin, whilst also buying into more enhanced oil recovery (EOR) properties in the area. Oxy announced the deal on October 31, a day...

27 October 2016, Week 42, Issue 431

The Canadian National Energy Board (NEB) has predicted that the country’s oil and natural gas production will continue to rise for the next 30 years, but at a slower rate than previously forecast...