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  • US adds seven rigs

    The US onshore rig count added another seven rigs this week for a total of 915, the latest report from service contractor Baker Hughes said. This week's tally adds to the rebound seen in the US shale industry, which has added 508 rigs since a year ago, when the count was 397. The number of rigs exploring for oil was up from 11 from the prior week, to 758 units. By contrast the tally of units ex

    Online  upstreamonline.com 23 Jun 17:47 GMT Kathrine Schmidt

    Cenovus shares take a hit

    Shares in Cenovus Energy took a beating early this week after the Canadian oil sands giant pledged to sell off a raft of assets and cut costs, while confirming its chief executive is set to retire. The Calgary-based player’s stock dropped more than 8% in New York and Toronto on Tuesday, the day it unveiled its business plan until 2021, with asset sales of between C$4 billion and C$5 billion (US$3

    Weekly  upstreamonline.com 22 Jun 23:00 GMT Eoin O'Cinneide

    Call to change South Africa's MPRDA to help country's shale gas producers

    A Shell executive told a select committee meeting in South Africa last week that the Minerals & Petroleum Resources Development Act (MPRDA) should be tweaked to better serve the purposes of future shale gas producers, writes Iain Esau. Herman Neethling, chairperson of the Shale Gas Association (SGA) and head of Shell South Africa’s gas operations, told the Land & Mineral Resources select committe

    Weekly  upstreamonline.com 22 Jun 23:00 GMT Iain Esau

    DUC backlog hits new all-time high

    Shale operators continue to sink wells faster than they can bring them online

    Weekly  upstreamonline.com 22 Jun 23:00 GMT Luke Johnson

    Jones exits Arkoma to focus on Merge

    US independent to get up to $67.5 million for non-core properties

    Online  upstreamonline.com 22 Jun 21:35 GMT Caroline Evans

    Cenovus hunts asset sales to cut debt

    Canadian giant lines up more divestments and seeks further cost cutting as it aims to grow Deep basin output

    Online  upstreamonline.com 20 Jun 13:02 GMT Eoin O'Cinneide

    FREE

    Cenovus boss Ferguson set to leave

    Chief executive and president to step aside at Canadian oil sands giant later this year

    Online  upstreamonline.com 20 Jun 10:40 GMT Eoin O'Cinneide

    EQT in $6.7bn deal for Rice Energy

    Acquisition brings together two of top Marcellus and Utica shale players

    Online  upstreamonline.com 19 Jun 12:33 GMT Eoin O'Cinneide

    Eclipse passes new 'super lateral' record

    US gas producer drills 19,500-foot horizontal well in Utica condensate window

    Online  upstreamonline.com 16 Jun 20:13 GMT Luke Johnson

    US rig count climbs higher

    But pace of additions slows amid dropping crude oil prices

    Online  upstreamonline.com 16 Jun 19:53 GMT Reuters