fetching latest news

News tagged in:  

North America NEWS

Henderson plans on improvement category
Sept. 18, 2018
Source: World Oil

Henderson plans on improvement

Aiming to improve the service capabilities and to keep up with the growing oil and gas market of North America, Henderson acquired HP Piping Solutions. It has taken over all the ongoing operations and all the assets of HP. HP piping Solutions has equipment for almost all the sectors of the industry, including high-pressure mud piping, mud gas separators, relief loops, and other drilling products.

Schlumberger releases Q2 report category
July 21, 2018
Source: Financial Post

Schlumberger releases Q2 report

Leading oilfield services company, Houston-based Schlumberger yesterday announced second quarterly earnings, reporting a profit for the company. Schlumberger CEO, Paal Kibsgaard regarded the second quarter as both busy and exciting. Schlumberger reported second-quarter revenue in North America to be around $2.5 billion, which is an increase of 12% sequentially. In the international markets of $4.4 billion, profits for the company grew by 6%.

Fairfield Geotechnologies JV with Ikon Science category
July 19, 2018
Source: World Oil

Fairfield Geotechnologies JV with Ikon Science

Houston-based Fairfield Geotechnologies has formed a joint venture with Ikon Science to provide complete geoprediction services to the oil and gas industry in the North America. Fairfield recently rebranded itself from Fairfield Nodal, and the JV formation is in line of its growth strategy. The JV will utilize industry-leading geoprediction technology of Ikon Science, which includes RokDoc Ji-Fi inversion software, with Fairfield’s seismic acquisition, processing, and multi-client data library.

Schlumberger reports an increased quarterly profit on activity gains and high oil prices category
April 21, 2018
Source: World Oil

Schlumberger reports an increased quarterly profit on activity gains and high oil prices

The quarterly profits of Schlumberger have surged by 88% as the increasing crude oil prices have encouraged the North American operators to step up drilling following which, the revenues were greatly maximized. The CEO has said that the firm is poised to deliver superior growth and financial returns by building on the broadest technology and expertise.

Bloomberg Data - First export of natural gas from the US East Coast category
April 18, 2018
Source: World Oil

Bloomberg Data - First export of natural gas from the US East Coast

The first commercial LNG cargo ‘Adam LNG’ from Dominion Energy’s Cove Point terminal in Maryland on the east coast of USA has set sail. This would accelerate America’s emergence as an LNG powerhouse and it might challenge Australia and Qatar for global dominance in the next five years.

Emerson expands regulator size options for enhancing natural gas applications category
April 16, 2018

Emerson expands regulator size options for enhancing natural gas applications

In order to enhance higher capacity natural gas applications, Emerson has expanded its size range of Fisher EZH and EZHSO pilot-operated regulators. These pressure reducing regulators are now available in new 6-inch, 8-inch and 12-inch dimensions and they allow for more flow. The new size offerings shall provide smooth and reliable operations.

Cyber-attacks threaten the Pipeline Industry category
April 11, 2018

Cyber-attacks threaten the Pipeline Industry

The U.S. natural gas pipeline infrastructure is facing serious threats from cyber-attacks which raise prospects of tighter regulations. In the recent cyber-attacks, the electronic systems that were targeted help pipeline customers communicate their needs to the operators. The government realises the seriousness of the issue and is focusing on making web security a priority.

Motiva signs MoUs with Honeywell UOP and TechnipFMC worth USD 10bn category
April 10, 2018

Motiva signs MoUs with Honeywell UOP and TechnipFMC worth USD 10bn

Saudi Aramco’s wholly-owned downstream oil and gas subsidiary, Motiva Enterprises, has signed MoUs up to $10 billion with the US companies Honeywell UOP and TechnicpFMC. The MoUs have been signed to support Motiva’s expansion into petrochemicals. Moreover, the announcements strengthen Aramco’s commitment to serve both the nations over the long term.

Canadian Energy Industry to face extinction without Mergers and Acquisitions category
April 8, 2018
Source: World Oil

Canadian Energy Industry to face extinction without Mergers and Acquisitions

According to the BMO Capital Markets analysts, without mergers and acquisitions (M&A), the Canadian energy sector faces serious threats of extinction. Incentivizing change should be paramount. The process may take a number of years. Mergers and acquisitions act as the much needed catalyst and BMO Capital Markets now calls for consolidation.

Summer of LNG starts with a bang in UK as US steps up category
April 8, 2018
Source: World Oil

Summer of LNG starts with a bang in UK as US steps up

Following the sinking of demand of LNG in Asia which is the prime buying region for the fuel, cargoes from nations have started arriving on British shores. Analysts are of the view that with shorter journey distance, Europe could turn into a promising destination.

Oil sinks to two-week low as China retaliates in US trade war category
April 5, 2018
Source: World Oil

Oil sinks to two-week low as China retaliates in US trade war

China has announced that it will take steps against the measures introduced by the US President. China’s Ministry of Commerce said that it would levy 25% tariffs on imports of 106 U.S. products including automobiles and aircraft. There are emerging concerns regarding the declining economic growth and fuel demand. This decision has eliminated the previous support for prices and OPEC’s output plunged to the lowest in a year in March.

Halliburton released advanced drill bit overcoming limitations of traditional ones category
April 5, 2018
Source: World Oil

Halliburton released advanced drill bit overcoming limitations of traditional ones

Halliburton announced the release of Stega efficient layout design, an advanced drill bit which overcomes the limitations of traditional bits, increased heat and wear and poor bit cleaning. This advanced bit offers offset back-up cutters placed 180 degrees or more from the primary cutter. It will help maximizing drilling efficiency for targeted applications.

With USD 700-million Gallup sale WPX Energy exits San Juan basin category
April 3, 2018
Source: World Oil

With USD 700-million Gallup sale WPX Energy exits San Juan basin

An agreement has been closed by WPX Energy to sell its holdings in the San Juan basin’s Gallup oil to Enduring Resources IV, LLC for $700 million and this might reduce the net debt of WPX by 2019. The transaction marks the exit of WPX from operations in the San Juan basin, also reflecting its confidence in its two remaining core positions in the Permian and Williston basin.

Emerson has signed contract with Repsol providing exploration technology software category
April 1, 2018

Emerson has signed contract with Repsol providing exploration technology software

To help Repsol identify and evaluate new and existing opportunities more accurately, Emerson has signed a mutli-year contract with Repsol to provide its Paradigm E&P software suite across all its global exploration operations. Director of Exploration Petro-technical Services at Repsol, Agustin Diz.said that Implementing Emerson’s E&P software suite across their global exploration program will increase efficiencies, reduce costs and improve their understanding of the subsurface.

India received first LNG cargo in a long term deal with Cheniere Energy category
March 31, 2018
Source: Economic Times

India received first LNG cargo in a long term deal with Cheniere Energy

A ship carrying super-cooled natural gas arrived at Dabhol in Maharashtra yesterday, its first LNG cargo from the US under a long term supply deal of state owned Indian firm, GAIL and US’s Cheniere Energy. In an official statement, GAIL India said the firm is one of the early movers to contract US LNG and has 5.8 million tonnes per annum of US LNG in its portfolio.

Eagle Ford acreage sold by Pioneer for USD 102 mn category
March 29, 2018
Source: World Oil

Eagle Ford acreage sold by Pioneer for USD 102 mn

A sale and purchase agreement has been signed between Pioneer Natural Resources Company and Sundance Energy Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford. The deal stands at a value of $102 million. The current net production of the acreage is about 1100 boed (barrels of oil equivalent per day).

Texas Shale assets sold for USD 100mn by Reliance India category
March 29, 2018

Texas Shale assets sold for USD 100mn by Reliance India

As the Indian oil-to-telecom consortium, Reliance Industries, moves closer to exit US shale investments, it is all set to sell some of its shale assets in the United States to Sundance Energy for $100 million. This is the second such sale by Reliance in the US after it sold a similar asset block in the Marcellus shale region in northeastern and central Pennsylvania.

Concho Resources expands its strategic portfolio with acreage in the Permian basin category
March 29, 2018
Source: World Oil

Concho Resources expands its strategic portfolio with acreage in the Permian basin

According to the terms of the agreement signed by Concho Resources and RSP Permian, Concho will procure RSP in an all-stock transaction worth $9.5 billion. This highly complementary acquisition will greatly augment Concho’s strategic profile in the Permian basin to approximately 640,000 net acres. With this development, Concho’s position as the major Permian player will be reinforced and its production growth outlook would enhance.

Please Login to Save News for Later