Canadian Tight Gas Exclusives

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Technology advances and shifts in the socioeconomic climate present challenges to business leaders.

Schlumberger, oil, reserves, exploration, spending, Paal Kibsgaard

The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.

Schlumberger, drilling, oilfield services, U.S., North America, Kibsgaard, technology, costs, Gulf of Mexico, Latin America

North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.

Crude Oil Gas Outlook The New Bullish

For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.

ConocoPhillips Attacks Debt With 13 Billion In Canadian Divestitures

Cash proceeds will be used to reduce company debt to $20 billion in 2017 and double existing share repurchase authorization to $6 billion.

kibsgaard, Schlumberger, Weatherford International, Halliburton, Latham & Watkins,  JV, OneStim,

The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.

Mammoth Energy, Arty Straehla, Proppant, Chieftain, Taylor Frac, U.S. Silica, Oasis Petroleum, A&D

Sand costs are rising and many sand companies, such as U.S. Silica, are seeing supplies sold out as proppant loading increases.

Trump Administration Approves Keystone XL Pipeline Permit

TransCanada received approval for the 1,179-mile cross-border pipeline application by the U.S. State Department, ending a years-long battle.

GUlfport Energy, Mammoth Energy, Appalachian, proppant prices, U.S. Silica

Mammoth also purchased Stingray’s water and cementing businesses from Gulfport Energy and other companies.

At CERAWeek Justin Trudeau Says US Needs Canada Oil Patch

The Canadian Prime Minister also said the Trans Mountain, Keystone XL and Line 3 pipeline projects will ensure North American energy security for years to come.

Marathons 3 6 Billion A D Swaps Oil Sands For Delaware Pay Dirt

The company continues to move its operations into the Lower 48 by selling its Canadian subsidiary.

CERAWeek OPEC Chief Dismisses Oil Price War

Without the U.S. shale revolution, the global economy would’ve faced a ‘deep crisis,’ said OPEC Secretary General Mohammad Barkindo.

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