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North America Enters Rig Loss Streak

North America dropped five rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on August 28. Although the total U.S. rig count remained flat week on week, the total Canada rig count dropped by five during the same period, pushing the total North America rig count down […]

Enverus acquires TGS well log business in $100 million deal

 Enverus has acquired TGS‘ North American well data products business for more than $100 million, adding one of the industry’s largest commercial well log databases to its energy intelligence platform while allowing TGS to sharpen its strategic focus on offshore geophysical services. The transaction includes $100 million paid at closing, with an additional $15 million earnout tied to […]

EIA: North America’s LNG Export Capacity Could More Than Double by 2029

North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029.