Oilfield services provider Halliburton Co. reported a 34% jump in first-quarter revenue on April 23 as rising oil prices prompted North American companies to boost oil and gas production.
UPDATE - Kinder Morgan said while it is not in a position to move on takeovers until the uncertainty around Trans Mountain is resolved, it sees good opportunities in the western Canadian midstream space.
Oil and gas producers are continuing to hedge production, according to a recent survey authored by Opportune Managing Director Shane Randolph and Senior Consultant Josh Schulte.
Devon, like many of its shale peers, has come under pressure from Wall Street in recent months to focus less on production and more on ways to boost shareholder returns.
Crescent Point, in return, said Cation's last-minute demand was unreasonable and reckless, adding that the firm "appears to have been created for the sole purpose of creating conflict and havoc."
Operations are not affected, Energy Transfer says: Latitude Technologies says it has completed initial restoration of its EDI services.
Pemex said it expected the contract in the Olmos Field, located in the northern border state of Coahuila, to yield investment of $617 million, aiming to reach daily production of about 117 million cubic feet of gas by 2021.
Mexico’s president on March 22 defended his decision to open the energy sector against attacks from the man currently favoured to succeed him, saying a rollback of the measure could cost the country billions of dollars in lost investment.
U.S. rig count is up six rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1.
The oil cartel revised up its forecast for supply growth from outside OPEC in 2018 on March 14 and now sees rivals adding barrels to the market at a faster pace than demand will rise.