Dallas-based Breitling Energy has taken a new non-operated 35% share in a 14-well developmental drilling programme in West Texas.
Noble Energy posted a $109million loss in the second quarter of the year despite increased sales of oil and natural gas. The company said it expects it will be increasing production throughout the rest of the year but it is likely to be at an increasingly cheaper cost. Noble has posted second quarter profits of $101million down 68% from the $323million the company had earned the same time last year.
TransCanada Corp, which divides its business between pipelines and power plants, reported higher second-quarter profit as electricity prices in Alberta rose and the company transported more fuel.
Nostra Terra Oil and Gas has begun production at two Texan wells.
To understand why U.S. oil production is so resilient, it helps to consider the maze of pipelines running out of Midland, Texas.
Northcote Energy has formed a joint venture in Mexico to develop an oilfield waste recycling facility.
Production costs of less that $10 per barrel are allowing LGO Energy to progress with confidence with its Goudron development in Trinidad.
A major new 465km natural gas pipeline in Mexico has received a $820million funding package.
Seismic survey specialist Dolphin Geophysical has kicked off its first major project in Mexico.
US independent Whiting Petroleum has appointed Carin Knickel to its board.
US light oil exploration company Marksmen Energy has found "signifcant" deposits from its assets in Ohio.
US mining and oil heavyweight Freeport-McMoRan made a $1.85billion loss in the second quarter of 2015. The company posted $2billion of write-downs related to its oil and gas properties and other one-off items. Richard Adkerson, chief executive, said: "Our second-quarter results reflect strong operating performance in our global mining business, and solid production results and continued positive drilling and development results in our oil and gas operations.
Cheap natural gas in the north east United States is helping Walt Disney World in Florida cut its energy bills.
FMC Technologies has opened a 36-acre Supercenter in San Antonio, Texas, servicing the Eagle Ford Shale.
US producer Northcote Energy has confirmed hydrocarbons in its Lutcher Moore well in Louisiana.
Energy giants Statoil and GE have announced winners of a competition to find new ways of dealing with sand in shale gas production.
Baron Oil is to undertake further exploration in Peru after receiving the backing of the Lima government and local communities.
Oil giant Shell is to sell its equity interest in Elba liquid natural gas company for Kinder Morgan for $630million.
Enterprise Products Partners has sold their offshore Gulf of Mexico pipelines and services business to Genesis Energy in a $1.5billion deal. The transaction is expected to close during the third quarter of this year. The company’s assets in the region include ownership interest in nine crude oil pipeline systems and interest in six offshore hub platforms.
A leading industry figure believes Mexico must learn the lessons from Brazil as it opens its oil reserves to investors.
Argentina ended some financial incentives today that were intended to boost energy investment in its huge shale oil and gas deposits, even as it seeks to narrow an energy trade gap.
Marine services group Sea Trucks has won its first contract in Brazil providing accommodation support to Saipem for up to 300 personnel.
President Energy has reported encouraging signs from its South American activity, with Argentinian oil sales exceeding $70 per barrel.
A US judge has ruled that an investor lawsuit against Petrobas over securities losses stemming from a multi- billion-dollar bribery scheme will go forward, dismissing some but not all claims in the case.
The second of identical twin FPSOs for national operator Petrobas docked in Brazil this week.