American

The North American onshore industry has shifted its thinking towards recovery, and Halliburton Co.’s second quarter results likely represent the bottom as exploration and production (E&P) companies look ahead to growth, CEO David Lesar said.

Privately backed financial firms have close to $1 trillion ready to deploy into the global oil and natural gas sector, with one-quarter now planning acquisitions by year’s end that mostly target North America and the Asia-Pacific, a survey by Ernst & Young has found.

U.S. tight oil and Canada’s oilsands have become the “twin pillars” of the continent’s energy security, accounting for almost 95% of North American production growth from 2009 to 2015, while at the same time reducing overseas oil imports by 40%, IHS said Monday.

American Midstream Partners LP is continuing to expand its domestic infrastructure portfolio, despite market conditions, agreeing Monday to pay $225 million for a batch of pipeline systems that primarily transport natural gas-rich production from the eastern Gulf of Mexico (GOM).

American Midstream Partners LP is continuing to expand its domestic infrastructure portfolio, despite market conditions, agreeing Monday to pay $225 million for a batch of pipeline systems that primarily transport natural gas-rich production from the eastern Gulf of Mexico (GOM).

Halliburton Co. laid off more than 6,000 additional people during the first quarter, and it signaled that its mega-merger with Baker Hughes Inc. is in danger of collapsing.

Halliburton Co. laid off more than 6,000 additional people during the first quarter, and it signaled that its mega-merger with Baker Hughes Inc. is in danger of collapsing.

The growth of unconventional natural gas holds major implications for global markets and prices in the years to come, the World Energy Council (WEC) said Friday.

North America’s potential natural gas resource base has risen by two-thirds since 2010, and more than half could be produced at a current Henry Hub breakeven of $3.00/MMBtu or less, according to IHS Inc.