The State Department will approve on March 24 the permit needed to proceed with construction of the Canada-to-U.S. Keystone XL oil pipeline, according to two government sources familiar with the process.
The workforce reductions are a component of the 'synergies' expected over the coming months as it fully integrates the companies, said Enbridge spokesman Todd Nogier.
With the Dakota Access Pipeline coming online there’s plenty of capacity for takeaway from the Bakken and D-J; just mind the message you’re sending, one analyst said.
A new study presented at DUG Bakken & Niobrara showed good news for the region in spite of lower oil prices.
A more than 50% fall in global crude prices since 2014 has triggered a wave of consolidation in the oilfield services industry, which has been battered by a sharp drop in service prices.
Mammoth also purchased Stingray’s water and cementing businesses from Gulfport Energy and other companies.
Drillers added 14 oil rigs in the week to March 17, bringing the total count up to 631, the most since September 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said March 17. During the same week a year ago, there were 387 active oil rigs.
Mexico has postponed an auction of part of state oil company Pemex's excess capacity for transport and fuel storage due to "methodological problems," the Energy Regulatory Commission and Pemex said in a joint statement, Reuters reported.
Mexico’s commitment to developing a natural gas pipeline system was based on economic sense and is expected to prime the country for growth.
The increase came despite a collapse in crude futures this week to a three-month low because the rigs activated this week were based on decisions made a couple of month ago when oil prices were higher.