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Evolution Well Services Inks 2-Year Electric Frac Deal
Monday, January 20, 2020Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.
Schlumberger Posts $10B Loss in 2019
Friday, January 17, 2020Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.
US Adds 15 Oil, Gas Rigs
Friday, January 17, 2020The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.
Oil, Gas Supermajors Living Beyond their Means
Thursday, January 16, 2020Some of the world's largest oil and gas companies are shelling out more to their shareholders than they can afford, according to a new report.
Keppel Infrastructure Acquires 20% Stake in MET Group
Thursday, January 16, 2020Keppel Corporation Limited subsidiary Keppel Infrastructure has completed its acquisition of a 20 percent stake in European energy company MET Group.
Downcycle Looms for China's Petrochemical Industry
Wednesday, January 15, 2020The world's biggest petrochemical-producing country in the world could experience the beginning of a downcycle this year, according to Wood Mackenzie.
Keppel Makes First Rig Delivery of 2020
Wednesday, January 15, 2020Keppel Offshore & Marine has made its first rig delivery of the year on time and within budget. (PHOTO Source: Keppel O&M)
SBM's First Completed Fast4Ward FPSO Hull Docks in Singapore
Tuesday, January 14, 2020SBM Offshore’s first completed FPSO hull using the Fast4Ward approach has arrived at the Keppel yard in Singapore. (PHOTO Source: SBM Offshore)
SapuraOMV Achieves First Gas from Larak Field Offshore Malaysia
Monday, January 13, 2020SapuraOMV Upstream has achieved within budget first production from its Larak gas field offshore Malaysia under the SK408 Production Sharing Contract (PSC).
US Drops Thousands of Mining Support Jobs in December
Friday, January 10, 2020The U.S. saw declines in support activities for mining for most of 2019.
Oil, Gas Activity Down for US 10th Dist. Energy Firms
Friday, January 10, 2020Oil and gas activity among U.S. 10th District energy firms dropped in the fourth quarter of 2019, according to the Kansas City Fed's quarterly energy survey.
US Rig Count Continues its Decline
Friday, January 10, 2020The U.S. dropped a total of 15 oil and gas rigs this week, according to data from Baker Hughes Company.
Apache to Close San Antonio Office, Cut Hundreds of Jobs
Thursday, January 09, 2020Apache Corp. is shuttering its San Antonio office, resulting in the layoffs of hundreds of employees.
Exxon, Outrigger Ink Midstream Deal to Serve Bakken
Wednesday, January 08, 2020Exxon subsidiary XTO Energy has entered into a long-term gas gathering and processing agreement with Outrigger Energy under which Outrigger will build a cryogenic processing plant and gathering system in the Williston Basin.
Gulf of Mexico Hits Record Daily Production
Tuesday, January 07, 2020The U.S. Gulf of Mexico made history in August as it exceeded oil production of 2MMbopd, according to the U.S. Bureau of Safety and Environmental Enforcement.
Noble Midstream Names New President and COO
Tuesday, January 07, 2020Noble Midstream Partners LP has appointed Robin Fielder as president and COO of Noble Midstream and senior vice president, midstream, of Noble Energy, Inc.
Bankrupt Alta Mesa Gets $310MM Bid
Monday, January 06, 2020JV BCE-Mach III LLC offered up a stalking horse bid for the embattled energy company and its midstream affiliate.
Energy Transfer Lays Off 108 Oklahoma Workers
Monday, January 06, 2020Energy Transfer LP has laid off 108 employees at its Tulsa, Oklahoma office, according to a notice sent to the Oklahoma Office of Workforce Development.
US Rig Count Drops by Nine
Friday, January 03, 2020The U.S. closed out the first week of the new year dropping a total of nine rigs.
Oxy Elects Former Schlumberger CEO to Board
Thursday, January 02, 2020Occidental Petroleum Corporation announced the election of former Schlumberger Ltd. CEO Andrew Gould to its board of directors.
US M&A Primed for a Comeback
Thursday, January 02, 2020More than half a trillion dollars were spent on shale assets in the last 10 years.
Delek and Partners Achieve First Gas Offshore Israel
Tuesday, December 31, 2019A trio of E&P companies have begun natural gas production from the Leviathan field located offshore Israel.
Exxon Secures Exploration Acreage Offshore Egypt
Monday, December 30, 2019Exxon Mobil Corp. said Monday it has secured more than 1.7 million acres for exploration offshore Egypt.
OFS Activity in US 11th Dist. Continues Decline in 4Q
Friday, December 27, 2019Oil and gas activity dipped again in the fourth quarter, but saw slight improvements from the third quarter, according to results from the Dallas Fed's 4Q Energy Survey.
US Drops Eight Oil Rigs
Friday, December 27, 2019The U.S. dropped eight oil rigs this week while the number of gas rigs remained flat.
TC Energy to Sell Majority Stake in Coastal GasLink Pipeline
Thursday, December 26, 2019TC Energy Corporation has agreed to sell 65 percent equity interest in the Coastal GasLink Pipeline Project to private equity group KKR & Co. Inc. and Alberta Investment Management Corporation.
SBM Offshore Blazes Trail With FPSO Design
Monday, December 23, 2019The Liza Unity is a new build and SBM Offshore's first MPF hull ever built for the Fast4Ward program. It's set to leave the SWS shipyard in January 2020. (PHOTO Source: SBM Offshore)
Basic Energy Taps Fmr Baker Hughes Exec as New CEO
Friday, December 20, 2019Basic Energy Services, Inc. has named Keith L. Schilling as president, CEO and director of the company.
US Bucks Trend, Adds 18 Oil Rigs
Friday, December 20, 2019The U.S. has reversed the trend of rig loss to add a net total of 14 rigs this week.
Shareholders Approve Callon-Carrizo Merger
Friday, December 20, 2019After a delayed vote, both Callon Petroleum Company and Carrizo Oil & Gas, Inc. shareholders voted to approve the companies' all-stock merger Friday morning.
Blackstone to Snag Tallgrass with Beefed Up Bid
Wednesday, December 18, 2019U.S. pipeline operator Tallgrass Energy, LP has entered into a definitive merger agreement under which Blackstone Infrastructure Partners will acquire all of Tallgrass' remaining shares.
Devon Energy Sells Barnett Shale Assets for $770MM
Wednesday, December 18, 2019Devon Energy Corp. has agreed to sell its Barnett Shale assets to Banpu Kalnin Ventures for $770 million.
Touchstone Makes Oil Discovery Onshore Trinidad
Monday, December 16, 2019Calgary-based Touchstone Exploration Inc. has made what it's calling a "significant" onshore oil discovery in the Republic of Trinidad and Tobago.
Marathon Petroleum Names New Board Director
Monday, December 16, 2019U.S. oil refiner Marathon Petroleum Corporation has appointed Jonathan Cohen to its head of directors.
US Adds Four Oil Rigs
Friday, December 13, 2019The U.S. adds four oil rigs and drops four gas rigs to flatten the rig count for the week.
McDermott Receives Delisting Warning
Friday, December 13, 2019McDermott received a notice from the NYSE stating the average closing price of the company's shares of common stock had dropped below $1 per share for 30 consecutive trading days.
Roan Resources to Cut Almost 100 Jobs in OKC
Thursday, December 12, 2019The Oklahoma City-based independent is laying off 92 employees amid its merger with Citizen Energy.
Energy Projects Above $60 Breakeven Risk Being Unprofitable
Thursday, December 12, 2019Global energy projects that need a breakeven oil price of above $60 could become uncommercial in the next decade, according to Rystad Energy.
Halliburton Confirms More Layoffs in Oklahoma
Friday, December 06, 2019Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma.
US Loses Thousands of Upstream Jobs in November
Friday, December 06, 2019The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics.
US Drops Five Oil Rigs
Friday, December 06, 2019The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week.
N. American Shale Primed for Growth Despite Possible Oil Price Declines
Thursday, December 05, 2019The production outlook for North American shale will remain robust in coming years, despite a potential drop in oil prices, according to Rystad Energy.
Despite Challenges, Recruiters Optimistic for 2020
Wednesday, December 04, 2019US oil and gas recruiters reflect on shale's uncertain path in 2019 and share their thoughts on future hiring in the oil patch.
Halliburton Shutters Oklahoma Office, Cuts 800 Jobs
Tuesday, December 03, 2019The Houston-based oilfield services giant will be closing its office in El Reno, Oklahoma and laying off more than 800 employees.
NOV, Pumpco Energy Services Cut Jobs in Texas
Monday, December 02, 2019Two oilfield services companies have conducted layoffs in Texas, according to notices received by the Texas Workforce Commission.
US Rig Count Dips Slightly
Wednesday, November 27, 2019The U.S. saw a net decrease of one rig this week.
US on its Way to Energy Independence
Tuesday, November 26, 2019The US will have a primary energy surplus by first quarter 2020, according to Rystad Energy.
Tallgrass Energy Names New CEO after Dehaemers Retires
Monday, November 25, 2019U.S. pipeline operator Tallgrass Energy, LP has named William (Bill) Moler as its new CEO after David Dehaemers Jr. announced his retirement.
US Gulf Set for Record 2020 With Oil Production
Friday, November 22, 2019The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, according to Rystad Energy.
US Frac Sand Supplier Cuts 10% of Workforce
Friday, November 22, 2019Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets.