Industry News

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


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The Environmental Protection Agency is again moving to derail Obama-era regulations aimed at reducing pollution from the fossil fuel industry.

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An Australian subsidiary of U.S. energy giant Chevron Corp. lost a court appeal on Friday against a 340 million Australian dollar ($260 million) tax bill in a ruling with ramification for how multinational corporations transfer money.

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Schlumberger on Friday reported a first-quarter profit of $279 million on the heels of the oil market's modest recovery last month, bouncing back from last quarter's $204 million loss.

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A mobile app to track school buses, Arabic cooking videos on YouTube and even a portable bidet are finding support from governments in the Gulf as a slide in oil prices forces states to cull cushy public sector jobs and look to entrepreneurs to plug the gap.

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ClearSign Combustion Corporation has concluded experimental permit status for its first Once Through Steam Generator project provided to Aera Energy, LLC, one of California's largest oil & gas producers.

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Patterson-UTI is an oilfield services company that primarily owns and operates in the United States one of the largest fleets of land-based drilling rigs and a large fleet of pressure pumping equipment.

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The US Gulf of Mexico rig count decreased by one over the past week, according to the latest Baker Hughes Weekly rig count.

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The US drilling rig count during the week ended Apr. 21 climbed by double-digits for the 10th time in its 14-week streak of increases, Baker Hughes Inc. data indicate.

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Woodside Energy says that a re-entry and side track appraisal well on the Thalin gas discovery offshore Myanmar was successful.

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US exploration and production budgets are expanding for the first time since 2014, Fitch Ratings said, adding that its analysts expect higher US rig counts along with increased drilling and completion spending in 2017 compared with 2016.

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Encana Corp., Calgary, expects its Montney acreage in western Canada to produce 70,000 b/d of liquids, most of which will be condensate, as well as 1.2 bcfd of natural gas by 2019.

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Timor Resources Holdings (TRH), a member of New South Wales engineering company Nepean Group, has been awarded two onshore oil and gas permits in Timor-Leste.

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Utility equipment: ABB’s DBL distribution blocks offer three configurations in one product: single-pole splitter; multi-pole splitter and grouping functionality; as well as being modular and touch proof, which eliminate the need for bus bars, isolators and fasteners.

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Exxon Mobil is seeking permission from the U.S. government for approval to resume drilling around the Black Sea with a Russian partner, state-owned Rosneft, according to a person familiar with the matter.

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The North Dakota Legislature has endorsed a measure intended to clarify disputed ownership of minerals under a Missouri River reservoir, a move that's estimated to cost the state nearly $187 million it already has collected in oil-drilling royalty payments that must be returned.

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Saudi Arabia's oil minister on Thursday suggested that production cuts agreed to by OPEC members and countries outside of the cartel may need to continue to help shore up crude oil prices.

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Crude oil and natural gas drilling and development in Texas has embarked upon a new cycle of expansion, according to the latest Texas Petro Index (TPI), which improved to 160.4 in March to post its fourth straight monthly increase.

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Encana  continues to advance its five-year plan to deliver cash flow growth and returns, with its Montney asset playing an integral part in the plan, contributing high-value condensate, non-GAAP cash flow and margin growth.  

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Douglas-Westwood’s most recent Upstream Investment Outlook for 1Q 2017 warns of a number of challenges that could still effect upstream investment over the next few years.

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Safety products: Safety BURNDY’s Finger-Safe kits are available for its Open Style Configurable Series Power Distribution Blocks to convert them to Finger-Safe Styles, and for adding poles to existing Finger-Safe models.