Exclusives

Canada’s ambition to become a top LNG exporter is on track even with oil’s plunge as investment decisions on two megaprojects are set to come next year, British Columbia Premier Christy Clark said.

Companies embrace prescriptive analytics to improve production.

The focus comes as oil and gas operators venture into new frontiers and go deeper into mature ones.

Experts talk about the sector’s past, present and future.

The country plans to offer shallow-water blocks in addition to deepwater and unconventional blocks.

Deepwater International

The emerging Paleogene play in the US Gulf of Mexico continues to offer increasing encouragement for major deepwater discoveries, with Chevron confirming a significant find.

Shell's CEO Ben van Beurden says, "there is a lot more to do" in its North American deepwater sectors. 

Exploration

Statoil has agreed to reduce its working interest in the non-operated U.S. southern Marcellus onshore asset from 29% to 23%, following a $394 million transaction with Southwestern Energy, Statoil said in a news release.

Woodside has finalized an agreement with BP to farm in to offshore blocks in the Scotian Basin located off the coast of Nova Scotia, Canada.

EOG Resources Inc. has divested all of its assets in Manitoba and certain assets in Alberta in two separate transactions.

Production

Mexico produced 2.35 MMbbl/d of oil this month through Dec. 28, according to data the Mexico City-based company posted online.

Husky Energy has commenced steam operations at the in situ Sunrise Energy Project in northeast Alberta.

The unconventional revolution is making a big impact, bringing benefits along with concerns. 

Operators in North American shale plays are using more than 5 MMlbs of frack sand per well.

Technology

DOF Subsea has been awarded several contracts in the GoM.

Jerry Hubbard, president and CEO of Energistics, passed away Jan. 1, 2015.

McDermott International Inc. has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform.

The API has published a new RP for structural integrity management.

GE and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners, L.P., have entered into a $1 billion, 20-plus-year service contract under which GE will provide spare parts and planned inspections, maintenance services and technical support at the Sabine Pass LNG export facility.