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.
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.
Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.
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.
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.
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.
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.
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.
Partnerships have survived the down-cycle and turned around, say Enterprise and EnLink executives at the annual MLP conference.
An oilfield service worker shortage is helping drive up service costs for oil producers, especially in the hottest shale fields.