American

Whether domestic exploration and production companies will slow 2015 capital expenditures if cash flows slow on low commodity prices is too early to say, but any concerns by operators likely will impact spending growth rates, Schlumberger Ltd. CEO Paal Kibsgaard said Friday.

No matter how volatile the global political scenario becomes for oil and gas markets, North America will remain in a more solid position because the unconventionals have provided operators with predictability that can’t be found anywhere else in the world, Baker Hughes Inc.’s CEO said Thursday.

FERC issued an order granting rehearing for further consideration to American Midstream Partners LP in a matter related to the company’s desire to abandon its 88-year-old Midla pipeline system in Louisiana and Mississippi.

The head of the International Energy Agency (IEA) Monday said it remains to be seen how large a contributor North American liquefied natural gas (LNG) will be to the global gas market. However, Maria van der Hoeven said North American volumes won’t do much to move the supply needle in Europe.

FERC staff is seeking a pair of subpoenas to gather testimony in its six-year old case over allegations that BP America Inc. manipulated Houston Ship Channel (HSC) natural gas prices.

Mexico’s Petroleos Mexicanos (Pemex) has formed an alliance with Mercuria and JP Morgan to import U.S. gas into the country.

The North American land drilling market will move toward a general contractor model for oilfield services, a big reason that Schlumberger Ltd. has begun allying with other drilling services, CEO Paal Kibsgaard said Friday.

BASF Corp., the North American affiliate of BASF SE of Germany, is considering developing a world-scale methane-to-propylene complex on the U.S. Gulf Coast, the company said Friday.

Schlumberger Ltd.’s CEO said Thursday increased efficiencies are now the focus of onshore operators, hungry for technologies that reduce costs and improve production.