North America

US Drillers Cut Oil Rigs For Second Straight Week

Drillers cut five oil rigs this week, bringing the total count down to 763, Baker Hughes, a GE company (NYSE: BHGE), said in its report on Aug. 18.

Aug 18 2017 - 12:32pm

Cowen: E&Ps Could Fund Outspend With Midstream Divestitures

Refiners are likely buyers of midstream assets if cash-strapped E&Ps decide to divest, Cowen says in a report.

Aug 15 2017 - 6:18am

US Drillers Add Oil Rigs, Count Rises To 768

Drillers have added rigs in 56 of the past 63 weeks since the start of June 2016. The rig count is an early indicator of future output.

Aug 11 2017 - 12:36pm

Keystone XL Pipeline Fate In Balance As Nebraska Opens Hearings

Nebraska hearings will determine fate of TransCanada’s Keystone XL Pipeline project.

Aug 7 2017 - 9:57am

Energy Transfer To Sell Stake In Rover Pipeline For $1.57 Billion

The 700-mile Rover pipeline is designed to transport 3.25 Bcf/d of natural gas from the Marcellus and Utica shale plays to markets across the U.S. as well as Canada.

Aug 1 2017 - 12:20pm

US Total Rig Count Grows By Eight

The total U.S. rig count increased by eight to end the week of July 28 with 958 rigs compared to last week, according to the latest report from Baker Hughes, a GE company (NYSE: BHGE). That’s up from 463 a year ago.

Jul 28 2017 - 1:03pm

TransCanada Seeks Additional Commitments On Keystone Pipeline System

While the original Keystone is already operating, the controversial Keystone XL was delayed for years before being rejected by the administration of former U.S. President Barack Obama.

Jul 28 2017 - 7:45am

ConocoPhillips Latest Oil Producer To Trim 2017 Capital Spending

ConocoPhillips now plans to spend $4.8 billion this year, down from a prior estimate of $5 billion. The cut came after the company's quarterly loss more than tripled despite recent asset sales.

Jul 27 2017 - 8:05am

US Rig Count Falls To 950

U.S. rigs targeted oil and gas each fell by one, bringing the total U.S. rig count down to 950.

Jul 21 2017 - 1:21pm

Encana Smashes Profit Estimates As Oil, Gas Production Falls

Encana has benefited from downsizing its operations to focus on four core North American assets: the Montney and Duvernay in Canada, and the Eagle Ford and Permian in the U.S.

Jul 21 2017 - 7:40am