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Exploration and production (E&P) companies are in the early stages of a “multi-year, double-digit growth spending upcycle” around the globe that is characterized by increased drilling in complex geologies on land, as well as deepwater development, according to a new survey by Barclays Capital analysts.

“This is a 2013 development. It’s not a 2012 development. The next year is about evaluation. It’s about getting your head around the rock,” said Michael Bodino with Global Hunter Securities LLC.

TransCanada Corp. said Monday it will find a new route for its controversial Keystone XL oil pipeline around the water-sensitive Sandhills area in Nebraska, and to that end, it is supporting legislation proposed in the state legislature to develop a new route for the portion of Keystone that would cross the state.

In the environmental debates raging around natural gas and oil drilling in North America, one thing until now has not been in dispute: it takes huge amounts of water to open up reservoir fractures deep underground. However, new technologies developed in Canada, which have been tested in the United States, may offer the energy industry a waterless way forward.

In the environmental debates raging around natural gas and oil drilling in North America, one thing until now has not been in dispute: it takes huge amounts of water to open up reservoir fractures deep underground. However, new technologies developed in Canada, which have been tested in the United States, may offer the energy industry a waterless way forward.

EOG Resources Inc. is “indifferent” to growing natural gas volumes in North America as long as prices hover around $4, and instead will continue to focus on oil and natural gas liquids (NGL) in the Eagle Ford Shale, the Houston-based company said Wednesday.

A subsidiary of Encana Corp. said Thursday it will sell its North Texas natural gas producing properties, which total around 82,000 net acres, to some partnerships managed by EnerVest Ltd. for $975 million.

EOG Resources Inc. is “indifferent” to growing natural gas volumes in North America as long as prices hover around $4, and instead will continue to focus on oil and natural gas liquids (NGL) in the Eagle Ford Shale, the Houston-based company said Wednesday.

A La Nina weather phenomenon, which contributed to extreme weather around the globe in the first six months of this year, has reemerged in the tropical Pacific Ocean and is forecast to gradually strengthen and continue into winter, the National Oceanic Atmospheric Administration (NOAA) said Thursday.