Independence Contract Drilling will acquire Sidewinder Drilling in October for over $150 million. The companies are based in Houston and together will have a fleet of 34 drilling rigs.
Scientists estimate a worst-case oil leak in a Michigan segment of a pipeline owned by Canadian company Enbridge would cost up to $2 billion, including cleanup and lost revenue. The study centered on Enbridge's Line 5, which runs under the Straits of Mackinac where Lakes Michigan and Huron meet.
Talos Energy's Mt. Providence well in the Mississippi Canyon area of the Gulf of Mexico has begun production ahead of schedule. The well is producing 3,850 barrels of oil equivalent per day.
In a joint venture, Canadian construction and infrastructure companies Aecon Group and Robert B. Somerville have been awarded a $282 million contract to build two sections of the Enbridge Line 3 replacement pipeline in Manitoba. The companies will operate as SA Energy Group.
Two federal agencies have agreed to streamline the permitting process for liquefied natural gas projects. The Federal Energy Regulatory Commission, which has a backlog of applications, and the Pipeline and Hazardous Materials Safety Administration will sign a memorandum of understanding to better define the roles of each agency and "refine and shorten" the process.
An earthquake occurred Thursday about 100 kilometers south-southwest of Sand Point, Alaska. The US Geological Survey said the magnitude 6.0 quake near the Alaska Peninsula occurred at a depth of 17 kilometers, but no tsunami warning was issued.
A China National Petroleum subsidiary will conduct what Abu Dhabi National Oil says will be the world's largest seismic survey of its kind. The companies reached a $1.6 billion contract for onshore and offshore surveys in the UAE covering about 51,800 square kilometers as ADNOC accepts bids for oil and natural gas blocks.
PetroChina's Daqing Oilfield in northeast China's Heilongjiang Province produced 20.7 million metric tons of crude oil and natural gas in the first six months of the year. Natural gas production reached 2.2 billion cubic meters, up 12.2% from last year, the company says.
Privately backed US company Cantium has taken a Rowan jack-up rig to use in the Gulf of Mexico for well drilling. The company, based out of Louisiana, has chartered the equipment to use for 28 days on two wells.
TransGlobe Energy discovered no hydrocarbons in a well at the Canada-based company's North West Sitra concession in Egypt's Western Desert. The company, which drilled the well 1,814 meters deep in the Cretaceous prospect, plans to drill another exploration well at North West Sitra in addition to wells at other sites in Egypt.
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