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Centennial CEO to Retire
Tuesday, February 25, 2020 Centennial Resource Development Inc. has revealed that Mark G. Papa will retire as chairman and chief executive officer of the company on May 31.
Coast Guard Okays LNG Bunkering Vessel Design
Tuesday, February 25, 2020 Above is a rendering of a Q-LNG ATB vessel designed to carry 8,000 cubic meters of LNG. IMAGE SOURCE: Harvey Gulf International Marine
Chevron Launching Layoffs in April
Tuesday, February 25, 2020 Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year.
Alta Mesa Laying off 91 Employees, Closing Headquarters
Tuesday, February 25, 2020 At the end of the notice period, the entire facility will be closed, the WARN letter stated.
Sanctions-Free Rosneft Affiliate Boosts Oil Exports
Monday, February 24, 2020 There are already signs that the latest US sanctions thrown at Venezuela are failing.
Dominion Hits Critical Point on Pipeline at Court
Monday, February 24, 2020 The fate of Dominion Energy's planned $8 billion Atlantic Coast Pipeline will be tested Monday.
Kosmos Appoints New CFO
Monday, February 24, 2020 Kosmos Energy's current senior vice president and chief financial officer will retire in May.
Why is an E&P Recovery Slow to Materialize?
Monday, February 24, 2020 With difficult shale economics and depressed pricing seeming to be the new normal, E&P asset valuations have cratered.
Phillips 66 Partners Snags Liberty Pipeline Interest
Monday, February 24, 2020 Liberty Pipeline will provide oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma.
Noble Corp. Receives NYSE Notice
Monday, February 24, 2020 Noble has six months to bring its share price and thirty trading-day average share price above $1.00.
Unit Corp. Names New CEO
Monday, February 24, 2020 Larry D. Pinkston announced his retirement from his current roles effective March 31, 2020.
Buyer Cancels LNG Cargoes From Cheniere
Friday, February 21, 2020 Cancellations of US cargoes were closely watched and highly anticipated amid a grim outlook on global prices.
US Rig Count Barely Budges
Friday, February 21, 2020 The US rig count is up just one rig from last week to 791.
Baker Hughes and TWC Fund Field Tech Career Program
Friday, February 21, 2020 From left, Baker Hughes' Muzzamil Khider, LSC's Stephen C. Head, TWC's Robert D. Andrade and TWC's Michael Gutierrez. PHOTO SOURCE: LSC
Calcasieu Pass Compressor Order Goes to Siemens
Friday, February 21, 2020 This photo shows a typical single-shaft, vertically split turbocompressor used for LNG service. PHOTO SOURCE: Siemens
ArcLight and Rattler Midstream Partner on Permian JV
Friday, February 21, 2020 The JV owns and operates the Yellow Rose gas gathering and processing system with total processing capacity of 40,000 Mcf/d.
Noble Corp. Shuffles Leadership, Reports 4Q Earnings
Friday, February 21, 2020 For the year, Noble saw a net loss of $701 million, of which $4 million is tied to discontinued operations.
OTC Partners with UAHT for Sixth Year
Thursday, February 20, 2020 The Offshore Technology Conference revealed Wednesday that it will continue its partnership with United Against Human Trafficking.
Fracking Ban Would Cost Millions of Jobs
Thursday, February 20, 2020 A fracking ban would cost millions of jobs, according to the American Petroleum Institute.
TechnipFMC Alliance with BP Adds Emerging Tech
Thursday, February 20, 2020 The companies' 20-year alliance now includes an emerging technology designed to process hard-to-recycle PET plastic waste.
Texas Oil Production Expected to Rise Monthly in 2020
Thursday, February 20, 2020 However, the pace of the growth is set to decelerate naturally over the next few months, according to a Rystad Energy analysis.
Excelerate Energy Launches Ship Management Services
Thursday, February 20, 2020 Excelerate will transition its entire fleet to ETM ship management by the end of 2020. PHOTO: Excelerate's rebranded FSRU Experience leaving Navantia dry docks in Ferrol, Spain.
Houston American to Drill Second San Andres Well
Thursday, February 20, 2020 The well's planned total depth is about 5,500 feet with a 5,000-foot horizontal leg.
Earnings Show Shale Players Competing for Dividend Growth
Wednesday, February 19, 2020 Independent explorers have been punished by investors for aggressive growth plans that favored skyrocketing production over returning cash to shareholders.
Ransomware Shuts Gas Compressor
Wednesday, February 19, 2020 A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days.
US Oil Export Story Has Really Just Started
Wednesday, February 19, 2020 All told, the US could become the largest crude oil exporter within five years.
Chevron Teams Up on Carbon Capture Investment
Wednesday, February 19, 2020 The investment will be used to deliver a pipeline of global projects to lower emissions from the oil and gas industry.
NGL Wins Permian Produced Water Contracts
Wednesday, February 19, 2020 NGL Energy Partners LP Tuesday reported that it has signed separate, long-term produced water transportation and disposal agreements with two large producer customers in the Delaware Basin.
Permian and Bakken Refiner Wants to Be Change Agent
Tuesday, February 18, 2020 This rendering shows a 3D model of Meridian's planned Davis Refinery in Belfield, N.D. IMAGE SOURCE: Meridian Energy Group, Inc.
Sheridan Production, Extraction Oil and Gas Reveal Layoffs
Tuesday, February 18, 2020 Market conditions are still forcing some operators to take drastic measures.
US Rig Count Still Dragging at a Three-Year Low
Tuesday, February 18, 2020 Oil prices have been stubbornly below $55 since the beginning of this year.
Investors Tightening the Screws on Oil, Gas Acquisitions
Monday, February 17, 2020 M&A activity in oil and gas has almost ground to a halt after a flurry of deals last autumn.
Enbridge, NextDecade Strike Pipeline Deal
Monday, February 17, 2020 Enbridge will buy Rio Bravo Pipeline Co. from NextDecade for a cash price not to exceed $25 million.
Coronavirus Could Test Oil Players' Risk and Compliance Plans
Friday, February 14, 2020 The global coronavirus outbreak could put heightened risk management and compliance plans to the test.
Marathon Cuts 2020 Capital Budget by 11 Percent
Friday, February 14, 2020 The company's low organic free cash flow breakeven of $47 per barrel will be key in 2020.
Noble Energy Shaves $560MM From CAPEX Budget
Friday, February 14, 2020 The company is prioritizing free cash flow generation over US onshore growth in 2020.
Tendeka Names Baker Hughes Alum Americas VP
Friday, February 14, 2020 Tendeka's Jim McGowin will be based in Houston. PHOTO SOURCE: Tendeka
Seaway Open Season to Run Beyond Valentine's Day
Friday, February 14, 2020 Seaway Crude Pipeline Co. LLC has extended a binding open season for a planned system capacity expansion.
McDermott Awarded Permian Storage Contract
Thursday, February 13, 2020 The award will be reflected in McDermott's 4Q 2019 backlog.
$15B Texas LNG Project Wins DOE Authorization
Wednesday, February 12, 2020 NextDecade's Rio Grande facility will be able to export LNG to FTA and non-FTA countries.
Tallgrass Welcomes New CCO, Opens Houston Office
Wednesday, February 12, 2020 Daniels' career in the energy business spans tenures at both Phillips 66 and Energy Transfer from 2008 to the present.
Exxon Cracking Down on Employee Travel
Tuesday, February 11, 2020 Exxon Mobil Corp. has been scrutinizing employee-travel budgets since the largest North American oil explorer posted its worst quarterly profit in almost four years, said people with knowledge of the matter.
What Happens to McDermott Stock?
Tuesday, February 11, 2020 This is what will happen to McDermott stock after the company filed for Chapter 11.
Sandridge Energy Announces April Layoffs
Tuesday, February 11, 2020 No further information surrounding the layoffs was provided.
Trump Wants to Sell 15 Million Barrels From US Oil Reserve
Monday, February 10, 2020 The proposed drawdown would be in addition to about 260 million barrels of congressionally mandated sales through fiscal year 2027.
US Job Losses in Oil, Gas Industry Flat in January
Monday, February 10, 2020 Job losses in oil and gas eased in January.
TGS Shooting 3D Seismic in Texas and Alberta
Monday, February 10, 2020 Multi-client geoscience data provider TGS reported Thursday that it has begun acquisition of a pair of 3D seismic surveys--one in West Texas and the other in Alberta.
Canada Stands Out in Baker Hughes Rig Count
Monday, February 10, 2020 Canada's month-on-month and year-on-year rig counts are up by double-digit percentages.
McDermott Gets NYSE Delisting Date
Friday, February 07, 2020 The New York Stock Exchange intends to remove the entire class of the common stock of McDermott International from listing and registration on the Exchange on February 17.
CGG and Fairfield Partner in the Permian
Friday, February 07, 2020 CGG and Fairfield Geotechnologies will jointly conduct a new multi-client seismic program in the Central Basin Platform of the Permian Basin in West Texas.