Schlumberger Sees International Growth Ahead
The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.
Canada's Oil Cuts Offer Lifeline To Producers But Create New Problems
The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments.
Husky Ends Hostile Takeover Bid For MEG Energy
Husky Energy said Jan. 17 it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders.
Shell Says Wael Sawan To Replace Andy Brown As New Upstream Boss
Shell Upstream Director Andy Brown is stepping down after 35 years at the Anglo-Dutch company. His replacement, Wael Sawan, currently heads Shell's deepwater operations.
SemGroup Boosts Montney Footprint With New KKR JV
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
Canadian Producer Crescent Point Cuts 2019 Budget On Oil Price Plunge
Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.
Halliburton Taps Mark Richard To Replace Jim Brown As Western Hemisphere President
Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.
Canada Regulator Issues Draft Conditions In Oil Pipeline Review
Canada's energy regulator released draft revisions of conditions and new recommendations on Jan. 10 as part of the Trans Mountain oil pipeline expansion re-review, ordered last year after a Canadian court overturned the approval of the project.
Found: Small, Strategic Capital For Oil Producers
These private equity firms fund both conventional- and unconventional-resource ideas and oil and gas producers needing less than $200 million to make their plays.
Barclays Forecasts Rise In Global 2019 E&P Spending
E&P spending in North America is expected to lag behind international markets, where some regions could see double-digit spending growth.