Drillers added five oil rigs in the week to April 21, bringing the total count up to 688, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on April 21.
BP is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of its strategy of retreating from noncore businesses.
TAQA’s North American oil and gas business is based in Calgary with some of its properties in its South Area extending into Montana, North Dakota and Wyoming in the U.S.
U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015, while the first tankers from the United States started delivering LNG to Mexico's Gulf Coast.
Chevron, aiming to achieve neutral cash flow this year, is also boosting spending on its low-cost Permian shale operations.
Drillers added 11 oil rigs in the week to April 13, bringing the total count to 683, the highest since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on April 13. At this time a year ago, there were 351 active oil rigs.
Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.
Private equity firm Waterous Energy is targeting companies in Canada and the U.S. and is finding Canada particularly appealing, said Adam Waterous.
Drillers added 10 oil rigs in the week to April 7, bringing the total count up to 672, the most since August 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on April 7. During the same week a year ago, there were 354 active oil rigs.
Upstream operators agree that ROI relies on getting both the geology and midstream components right.