Midstream players Williams Partners and Crestwood Equity Partners have agreed to a deal with Chesapeake Energy that will cut the shale giant’s tariffs to move natural gas out of the Powder River basin plays in Wyoming.
Colombia has been hit hard by the trough in oil prices, but the country’s frontier offshore play will provide the stamping ground for some exciting wildcatting action in the coming months.
Oil settled up on Friday on hopes Russia and Opec will reach agreement at the weekend on market support initiatives to keep crude above $50 a barrel, although traders cautioned about pressure from a double-digit rise in the US oil rig count.
Canada's Precision Drilling is upping its capital budget for the year and now expects to spend an additional C$20 million to upgrade contracted rigs.
Chevron is drilling ahead on two key appraisal wells that could help determine the US supermajor's next steps in planning a pair of major field developments in the deep-water Gulf of Mexico.
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