North America

Canada's Baytex To Buy Oil Producer Raging River For C$2.8 Billion

Canadian oil and gas producer Baytex Energy said it would buy rival Raging River Exploration for about C$2.8 billion (US$2.13 billion) to expand in the oil-rich Duvernay Field in Alberta.

Jun 18 2018 - 7:50am

Enbridge Endorses Two Alternatives For Great Lakes Pipeline Replacement

Enbridge endorsed either an underwater tunnel or trench to replace a section of its 65-year-old Line 5 pipeline that carries crude oil and NGL under a stretch of the U.S. Great Lakes.

Jun 15 2018 - 1:45pm

Frac Spread: Ethane Stars In 30-Somethings Reboot

Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.

Jun 14 2018 - 1:45pm

Canadian Drilling Firms Akita, Xtreme To Merge

The combined company will operate under the Akita name and have a fleet of 44 high-spec drilling rigs with operations in several major resource basins in the U.S. and Canada.

Jun 11 2018 - 3:55pm

Two Ex-Penn West Executives To Face US SEC Fraud Charges

A U.S. judge has ordered two former finance executives at Penn West Petroleum, now known as Obsidian Energy, to face regulatory charges that they helped engineer a multi-year accounting fraud.

Jun 11 2018 - 2:25pm

Maya Oil Discount Continues To Widen

The Maya oil discount has been broadening because of the continued sharp widening of the West Texas Sour differential due to bottlenecks in the Midland Basin.

Jun 8 2018 - 11:07am

E&P Salary Report Matches Growing Stability In Industry

While salaries have been slowly recovering, a poll shows that many displaced and laid off workers are coming back to work in the oil and gas industry.

Jun 1 2018 - 1:00pm

Petronas Buys 25% Stake In LNG Canada Project

Petronas said it would buy an equity stake in LNG Canada, an export project led by Shell located in Kitimat, British Columbia, but didn't disclose a value for the acquisition.

May 31 2018 - 7:20am

Midstream Veterans: Sector In ‘Rehabilitation Phase’

Partnerships have survived the down-cycle and turned around, say Enterprise and EnLink executives at the annual MLP conference.

May 25 2018 - 8:00am

Oilfield Service Companies Eye Growing Labor Shortage

An oilfield service worker shortage is helping drive up service costs for oil producers, especially in the hottest shale fields.

May 18 2018 - 8:30am