NorthAmOil Top Story archive

19 May 2016, Week 19, Issue 409

US-based Range Resources has agreed to buy Memorial Resource Development for about US$4.4 billion in total, in a rare deal at a time when many companies are holding back from acquisitions.

12 May 2016, Week 18, Issue 408

Calgary-based Enbridge has asked Canadian energy regulators for a three-year extension on the deadline to begin construction of its C$7.9 billion (US$6.2 billion) Northern Gateway pipeline.

05 May 2016, Week 17, Issue 402

Two of the world’s largest oilfield services companies, Halliburton and Baker Hughes, abandoned their proposed merger on May 1, amid pressure from both US and European anti-trust regulators. The...

28 April 2016, Week 16, Issue 401

ExxonMobil has started production at its Point Thomson gas project on Alaska’s North Slope.

21 April 2016, Week 15, Issue 400

ExxonMobil has started producing oil ahead of schedule at the Julia oilfield in the US Gulf of Mexico.

14 April 2016, Week 14, Issue 399

US independent Marathon Oil said on April 11 that it had agreed to sell some non-core assets for US$950 million.

07 April 2016, Week 13, Issue 398

The US Department of Justice (DoJ) has filed a lawsuit in an effort to stop oilfield services provider Halliburton from acquiring rival Baker Hughes. 

31 March 2016, Week 12, Issue 397

The latest US Gulf of Mexico lease sale saw just 30 companies submit US$156 million in high bids for territory in the Central Planning Area last week. This compares with around US$1.2 billion...

24 March 2016, Week 11, Issue 396

The Paris-based International Energy Agency (IEA) said last week that it believed US oil production would decline by 600,000 bpd this year. It added, however, that if crude prices kept rising,...

17 March 2016, Week 10, Issue 395

Imperial Oil has filed a regulatory application with the Alberta Energy Regulator (AER) for a new in-situ oil sands project on its Cold Lake lease area. The move comes as other oil sands companies...

03 March 2016, Week 08, Issue 393

AltaGas announced last week that it would not develop its Douglas Channel LNG plant near Kitimat, British Columbia. Failure to secure offtake agreements, low gas prices and other economic...

25 February 2016, Week 07, Issue 392

Chevron has put its remaining shallow-water assets in the US Gulf of Mexico up for sale.

18 February 2016, Week 06, Issue 391

Canada’s Cenovus Energy has said it may sell up to US$5 billion of stock, debt or other securities. This news came a day after the oil sands producer announced a dividend cut of 69% to help shore...

11 February 2016, Week 05, Issue 390

Houston-based Terra Energy Partners has agreed to buy WPX Energy’s WPX Energy Rocky Mountain subsidiary for US$910 million.

04 February 2016 Week 04 Issue 389

Alberta’s oil producers are breathing easier after a provincial government royalty review left rates unchanged – at least for now.

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