North America

US Drillers Add Oil Rigs For 18th Week In A Row

Drillers added eight oil rigs in the week to May 19, bringing the total count to 720, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on May 19.

May 19 2017 - 12:22pm

EnCap Flatrock Backs New Aspen Midstream With $200 Million

Four industry veterans helm Dallas-based Aspen, which will offer midstream services across North America.

May 18 2017 - 1:52pm

LNG Developer Pieridae Eyeing Gas Deals In Western Canada, Marcellus

Pieridae Energy Ltd., the company behind a proposed LNG terminal on Canada's east coast, is looking to buy producing assets in western Canada or in the Marcellus Shale in the U.S., its CEO said May 15.

May 16 2017 - 7:35am

US Drillers Add Oil Rigs For 17th Week In A Row

Drillers added nine oil rigs in the week to May 12, bringing the total count up to 712, the most April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on May 12. While that is more than double the same week a year ago when there were only 318 active oil rigs, the pace of those additions has declined with the total over the past four weeks falling to the lowest since March.

May 12 2017 - 1:25pm

Energy Transfer: Rover Pipeline Construction Remains On Schedule

Completion of the Rover pipeline, which is being built to boost Marcellus and Utica shale gas production, is not expected to be delayed by a U.S. federal order to stop new drilling to install pipe, Energy Transfer said.

May 11 2017 - 2:55pm

The Midstream 50: Getting Ready

Publicly held midstream operators fared much better in our second annual review of a sector preparing for an active 2017. C corps continued to dominate the little-changed Top 10 of the rankings, while compressor services firms joined the list. 

May 15 2017 - 6:20am

US Border Tax Would 'Blow Out' Brent/WTI Spread, Analyst Says

Goldman Sachs commodity strategist Jeff Currie said May 10 if the U.S. government were to introduce a border tax adjustment on crude oil imports, the spread between Brent and WTI would widen dramatically.

May 10 2017 - 7:45am

TransCanada To Sell Interests In Two Gas Pipelines For $765 Million

Stakes in Iroquois and Portland systems will be dropped down to TC Pipelines.

May 4 2017 - 2:58pm

Encana CEO Sees Possible Benefit From US Border Tax

A U.S. "border adjustment tax" could slap a tax of up to 20% on imports including crude oil, affecting Canadian companies, which send most of their products southward.

May 3 2017 - 7:10am

ConocoPhillips Posts Surprise Loss On Higher-Than-Expected Costs

ConocoPhillips reported a surprise quarterly loss on May 2 as operating costs came in higher than Street estimates, sending its shares down as much as 2.4% in early trade.

May 2 2017 - 10:10am