UK's Weir To Buy U.S. Mining Tools Maker ESCO For $1.05B
Thursday April 19, 2018 - Weir Group Plc, which makes pumps and valves for mining and energy industries, says it will buy ESCO Corp, a U.S.-based maker of equipment parts, for an equity value of $1.05 billion.
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UK's Weir To Buy U.S. Mining Tools Maker ESCO For $1.05B
Thursday, April 19, 2018 Weir Group Plc, which makes pumps and valves for mining and energy industries, says it will buy ESCO Corp, a U.S.-based maker of equipment parts, for an equity value of $1.05 billion.
Petroplan Appoints New CEO
Wednesday, April 18, 2018 Petroplan Group appoints Philippa Barnes as its new CEO.
US Onshore Spending Expected to Rise 9% This Year
Wednesday, April 18, 2018 Barclays anticipates an increase in onshore upstream spending.
Oil Rises Amid Shrinking US Surplus as OPEC Prepares to Gather
Wednesday, April 18, 2018 Crude climbed to the highest since 2014.
Fluor Racks Up Another Galveston Bay Win
Wednesday, April 18, 2018 Fluor will perform the engineering and procurement scope for Marathon Petroleum's STAR program.
CAPEX Among World's Largest O&G Firms to Rise to Just Under $500B in 2018
Tuesday, April 17, 2018 Capital expenditure (CAPEX) among the world's largest oil and gas companies is due to increase 11.5% year-on-year in 2018 to just under $500 billion, according to oil and gas analysts at BMI Research.
Zinke Says Won't Lower Oil, Gas Offshore Royalty Rates 'At This Time'
Tuesday, April 17, 2018 Interior Secretary Ryan Zinke says he will not lower royalty rates for offshore oil and gas lease sales 'at this time.'
Analyst: Switch To LNG For Shipping Fuel Not Enough To Meet Regulations
Tuesday, April 17, 2018 Switching to LNG to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations, JBC Energy says.
Drillcore Creates $250MM Fund for US Upstream Investments
Tuesday, April 17, 2018 Drillcore Energy Partners is seeking its first private equity fund to make upstream investments in the continental U.S.
Farm State Senators Demand EPA Name Recipients Of Biofuel Waivers
Tuesday, April 17, 2018 A bipartisan group of senators from US farm states presses the EPA to stop issuing hardship waivers from the nation's biofuels laws to refiners and to name the companies that already have them.
Big Oil Bids to Burnish Credentials in War on Climate Change
Tuesday, April 17, 2018 The world's biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves.
Seadrill Gets US Court Approval For Bankruptcy Exit Plan
Tuesday, April 17, 2018 A US judge saya he would approve Seadrill's plan to exit its Chapter 11 bankruptcy.
Crude Gains as Industry Is Said to Report Surprise Crude Draw
Tuesday, April 17, 2018 Oil edged higher after an industry report showed US crude stockpiles and supplies at the nation's largest storage hub both declined.
Trump Energy Aide to Return to Lobbying Firm
Tuesday, April 17, 2018 Michael Catanzaro, a chief architect of President Donald Trump's energy policy, is leaving the White House.
Kuwait Says Market Conditions To Determine Any Extension Of OPEC-Led Cuts
Monday, April 16, 2018 Kuwait's oil minister says the pact between OPEC and non-OPEC producers to curb supplies will run to the end of the year and market conditions will determine whether to extend it further.
Want the Gas? Buy the Company! A New Way to Finance US LNG
Monday, April 16, 2018 Now heading a new company, Charif Souki is changing his plan of attack.
First Commercial LNG Cargo From US East Coast Hits the Seas
Monday, April 16, 2018 The first export of natural gas from the US East Coast has set sail.
EIA: US Shale Output To Rise By 125,000 Bpd In May
Monday, April 16, 2018 US shale oil production is expected to increase in May for the fourth consecutive month, US Energy Information Administration data shows.
Oil Drops As Syria Risk Seen Muted After Weekend Air Strikes
Monday, April 16, 2018 Oil prices dropped as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.
IEA Says 'Mission Accomplished' For OPEC As Oil Stocks Shrink
Friday, April 13, 2018 OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency says.
Becoming a 'Permian-Bitcoin' Billionaire May Be Just a Dream
Friday, April 13, 2018 Could turning flared gas in Texas' Permian Basin into electricity to power bitcoin mining be a solution for shale producers?
Baker Hughes: US Drillers Add Oil Rigs For Second Consecutive Week
Friday, April 13, 2018 US energy companies added oil rigs for a second week in a row.
EPA 'Secret' Biofuel Waivers Undercut Trump's Pledge to Farmers
Friday, April 13, 2018 Even as President Trump floats the idea of more ethanol sales, critics says moves by his EPA would undercut the support to corn farmers.
Oil Posts Biggest Weekly Gain Since July Amid Global Conflict
Friday, April 13, 2018 Crude posted its largest weekly gain since July as geopolitical tensions threatened to accelerate the tightening of global supplies.
Shell Sees No Risk Of 'Stranded Assets' As Reserves Life Shrinks
Thursday, April 12, 2018 Royal Dutch Shell says it sees little risk of having 'stranded assets' in its portfolio as the world shifts to low carbon energy.
UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.
OPEC Sees Oil Markets Tighten Further Even As US Shale Booms
Thursday, April 12, 2018 The global oil stocks surplus is close to evaporating, OPEC says.
BLOG: Will We See More Andeavors and Equinors?
Thursday, April 12, 2018 A company re-branding is much more than a new name and logo.
Trump Says He Will Probably Allow E15 Gasoline Sales All Year
Thursday, April 12, 2018 President Trump says his administration may allow the sale of gasoline containing 15% ethanol year-round.
Oil Steady, Near 3-Year Highs On Syria Tensions, Tighter Supply
Thursday, April 12, 2018 Oil prices held steady, remaining close to highs last reached in late 2014.
Report Identifies Emerging Decommissioning Hotspots
Wednesday, April 11, 2018 The Boston Consulting Group identifies several emerging decommissioning hotspots in a new report released Wednesday.
Texas LNG Signs Non-Binding Deals With Chinese, Southeast Asian Buyers
Wednesday, April 11, 2018 Texas LNG has signed eight non-binding deals with potential buyers of LNG.
FAMILY AFFAIR: Father-Son Duo Heads Up Upstream Consulting Company
Wednesday, April 11, 2018 At Sierra Pine Resources International, father and son Bruce and Jason Ganer work through generational differences to successfully deliver solutions to their upstream clients.
What Will It Take to Keep Up With Shale Gas Boom? $170 Billion
Wednesday, April 11, 2018 Bottlenecks on the US natural gas super highway are starting to stack up, raising concerns about whether infrastructure can be built fast enough.
EIA: Crude Stocks Post Surprise Rise As Imports Surge
Wednesday, April 11, 2018 US crude stocks rose unexpectedly last week as imports jumped and production increased to another weekly record, EIA says.
US Crude Hits Highest Since 2014 On Missile Concerns
Wednesday, April 11, 2018 Oil prices jumped, hitting their highest in more than three years.
Exxon, Qatar in Talks for Potential US Shale Deal - Report
Tuesday, April 10, 2018 Exxon Mobil is in talks with Qatar over a possible deal that could see the country investing in the company's U.S. gas resources, the Wall Street Journal reported, citing people familiar with the matter.
BP Teams Up with Tesla to Venture into Battery Storage for Windfarm
Tuesday, April 10, 2018 BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business.
US Oil Debt Eases, Meaning Drillers Target Next Shale Play
Tuesday, April 10, 2018 U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas.
Devon Energy Plans to Lay Off 9 Percent of Staff to Boost Returns
Tuesday, April 10, 2018 U.S. shale oil producer Devon Energy Corp will lay off 300 workers, roughly 9 percent of staff, as part of a plan to streamline its operations.
Bechtel: LNG Demand May Need $200 Billion Investment
Tuesday, April 10, 2018 The world may need an investment of as much as $200 billion in new liquefied natural gas terminals by 2025 to satisfy a growing appetite for cleaner-burning fuels, according to Bechtel Group Inc.
Oil Surges More than 3 pct as Trade War Fears Recede
Tuesday, April 10, 2018 Oil prices surge more than 3 percent as investors grew more confident the United States and China would resolve their trade dispute without damaging the global economy.
Chevron Boosted Compensation for Incoming CEO Wirth in 2017
Tuesday, April 10, 2018 Chevron Corp boosted the pay for executive Mike Wirth last year by more than 25 percent ahead of his appointment as chief executive in early 2018.
Aramco Takes Step to Integrating Petrochems into US' Biggest Refinery
Monday, April 09, 2018 Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery.
Seen Any Oil-Market Bears Recently? Didn't Think So: Gadfly
Monday, April 09, 2018 Oil-market bears are in deep hibernation.
Shell's Climate Push Fails to Cut Emissions as US Plants Added
Monday, April 09, 2018 Shell plans to spend as much as $2 billion a year on low-carbon energy sources and intends to halve its carbon footprint by 2050.
Oklahoma Orders Cut to Disposal Well Volumes Following Quakes
Monday, April 09, 2018 Oklahoma regulators forced an oil and gas producer to reduce operations on a well used for disposing saltwater following a large earthquake over the weekend, an Oklahoma Corporation Commission spokesman said.
US Senators Ask Trump to Suspend EPA's Use of Biofuel Waivers
Monday, April 09, 2018 Five Republican senators called on Trump to temporarily halt the use of biofuels policy waivers for small oil refineries, after reports the Environmental Protection Agency had issued a recent wave of such exemptions.
Oil Services Investors Yawn at Latest US Sanctions on Russia
Monday, April 09, 2018 Investors of the world's biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.
Oil Gains More than 2 Percent as Stock Market Rebounds
Monday, April 09, 2018
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