Industry News

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


{0:22}

The energy companies also agreed to encourage others across the natural gas value chain – from production to the final consumer – to do the same.

{0:22}

Huisman has developed a new system for the application of fiber rope in subsea deployment crane applications.

{0:21}

Venezuelan authorities say they have detained the acting president of Citgo, the state-owned oil company's U.S. subsidiary, for alleged corruption.

{0:21}

Pennsylvania's House of Representatives is beginning a second day of debate on legislation to impose a long-sought tax on Marcellus Shale natural gas production, as lawmakers sort through dozens of proposed amendments.

{0:21}

Sakhalin-1 consortium member Rosneft has successfully completed drilling a well from the Orlan platform at Chaivo field in the Sea of Okhotsk, Russia.

{0:21}

Ineos UK SNS Ltd. has agreed to farm in to two exploratory licenses in the West of Shetland area off the UK that include a large natural gas prospect called Lyon.

{0:21}

BP has agreed to sell its interests in the Bruce area of the UK central North Sea to London-based Serica Energy plc.

{0:21}

Talos Energy LLC, Houston, and Stone Energy Corp., Lafayette, La., have agreed to merge in an all-stock transaction creating a Gulf of Mexico producer named Talos Energy Inc. Both companies recently have reported discoveries in the deepwater Gulf of Mexico. And Talos this year reported an oil strike in shallow water off Mexico in its Zama 1 exploratory well.

{0:21}

Aker BP has formed alliance agreements with Maersk Drilling and Halliburton for jackups and with Odfjell Drilling and Halliburton for semisubmersibles.

{0:21}

INEOS UK SNS Ltd. has agreed to acquire from Siccar Point Energy E&P a majority stake in two exploration licenses in the Shetland area which include the Lyon gas prospect.

{0:21}

Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co. The alliance involving high-performance jack ups aims at lower cost for Aker BP and increased profitability for Maersk Drilling and Halliburton. 

{0:21}

Line construction: TT Technologies’ redesigned Grundopit pit-launched mini directional drill for difficult fiber-to-the-home and utility service line installations in tight working conditions.  

{0:20}

The transition away from EOR operations will allow the company to focus our capital and operational activity almost exclusively on accelerating the development of our more than 3,500 STACK drilling locations across our 110,000 net acre position.

{0:20}

The move comes amid a higher tax rate that the tribes are attempting to charge oil companies that drill on the reservation, which accounts for about 20 percent of the state's 1 million barrel-per-day oil production.

{0:20}

Colombia’s Ecopetrol, in partnership with Repsol E&P USA, has acquired four new blocks in the Gulf of Mexico for oil exploration.

{0:20}

Chaparral Energy Inc., Oklahoma City, has sold its enhanced oil recovery properties in Oklahoma and Texas to Perdure Petroleum, which Delaware records indicate was formed Sept. 26 as a limited liability company.  

{0:20}

Nigerian National Petroleum Corp. says execution of the final phase of an alternative financing agreement with Chevron Corp. will boost production in Nigeria by 39,000 b/d of oil and 283 MMscfd of natural gas. 

{0:17}

The Venezuelan government and its state-owned oil company PDVSA have officially defaulted on billions of dollars' worth of bonds, the latest chapter of the country's deep financial collapse.

{0:17}

Sometime next April, pregnant cows in the Porcupine Caribou Herd in Canada will take the lead in an annual migration of nearly 200,000 animals north to Alaska.

{0:17}

Frustrated tribal leaders won a temporary victory early Friday at a marathon meeting on a much-disputed energy development proposal for a large swath of land bordering New Mexico's largest metropolitan area and numerous Native American communities.