Industry News

This is news related to the energy sector.  Clicking on stories below will take you to the publisher's website.


{0:26}

A new law intended to clarify disputed ownership of minerals under a Missouri River reservoir doesn't apply in a case scheduled before North Dakota's Supreme Court next month, the state attorney general says.

{0:26}

New Jersey officials say they reached a $39 million settlement with an energy company over ground water contamination.

{0:26}

The US Gulf of Mexico rig count showed no change over the past week, staying steady at 23, according to the Baker Hughes Weekly Rig Count of May 16, 2017.

{0:26}

The Baker Hughes Inc. US rig count’s 19th straight weekly increase came by way of Colorado and gas-directed rigs instead of the usual lift from Texas and oil-directed rigs.

{0:26}

Buru Energy Ltd., Perth, has moved to a 100% interest in Ungani oil field in the onshore Canning basin of Broome in Western Australia following a transformational deal with its joint venture partners Diamond Resources (Fitzroy) Pty. Ltd. and Diamond Resources (Canning) Pty. Ltd. Both Diamond companies are wholly owned subsidiaries of Mitsubishi Corp.

{0:25}

OPEC and other oil-producing nations have extended their output cuts for an additional nine months in an effort to shore up prices.

{0:25}

Mexico’s oil regulator CNH has approved a new deepwater block to state oil company PEMEX, in the new Chachiquin area.

{0:25}

EnQuest is on track to achieve first oil from the Kraken field in the UK northern North Sea before the end of June, according to CEO Amjad Bseisu.

{0:25}

Energean Oil & Gas SA, Athens, has signed a lease agreement with the Greek government for the exploration and exploitation of hydrocarbons on the 4,360-sq-km Aitoloakarnania block onshore western Greece.

{0:25}

Odfjell’s semisubmersible Deepsea Bergen has spudded the Faroe Petroleum-operated Brasse appraisal well 31/7-2S in the Norwegian North Sea.

{0:25}

Magseis and Seismic Apparition have agreed to jointly develop and implement a new technology said to reduce the operational time for ocean bottom seismic.

{0:24}

The OPEC oil cartel and other producers, notably Russia, are this week expected to extend last year's production cut in a concerted attempt to prevent oil prices from falling.

{0:24}

The number of homeless people in North Dakota increased in the past year with people in search of work accounting for the greatest number of those without housing in the state where a once-booming oil economy is slowly rebounding, advocates say.

{0:24}

The development of NSG Digital supports the company’s commitment to being a positive contributor to the oil and gas industry’s efforts to increase efficiency, reduce cost and maintain high quality delivery.

{0:24}

An impasse among Oklahoma lawmakers over how to fix the state's worst budget problem in decades has sent the legislature spiraling into chaos and focused blame on the usually sacrosanct oil and natural gas industry for not paying more taxes.

{0:24}

Denmark's Dong Energy has reached an agreement to divest its oil and gas business to privately held chemicals group INEOS, saying it has reached its goal announced in November of transforming itself "into a leading, pure play renewables company."

{0:24}

Linn Energy Inc., Houston, has agreed to sell its interest in properties in the San Joaquin basin of California to an undisclosed buyer for $263 million.

{0:24}

EP Energy Corp. and Tesoro Corp. have formed a drilling joint venture, through respective subsidiaries, to fund oil and natural gas development in EP Energy's Altamont program located in the Uinta Basin of Utah.

{0:24}

Production for March 2017 as reported to the Railroad Commission of Texas (Commission) is 77,262,815 barrels of crude oil and 608,006,175 mcf (thousand cubic feet) of total gas from oil and gas wells. 

{0:24}

Ineos AG has agreed to acquire DONG Energy AS’s oil and gas business for an unconditional payment of $1.05 billion plus contingent payments of $150 million related to the Fredericia stabilization plant and as much as $100 million subject to development of Rosebank field.