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Oil, Gas

Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies. more

Feb 9, 2018 10:22 AM Refining/Petrochemical

“Global oil demand is likely to continue growing for a period, driven by rising prosperity in fast-growing developing economies,” they wrote in a paper published on Monday. more

Jan 20, 2018 7:00 AM Refining/Petrochemical

Oil was little changed on Thursday, as prices eased early in the session, but were supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub. more

Jan 20, 2018 7:00 AM Drilling & Exploration

An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to capitalize on its opening of the energy sector, the central plank of its economic agenda. more

Jan 19, 2018 12:00 AM Drilling & Exploration

Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the end of the decade, according to the annual survey of energy professionals conducted by Reuters. more

Jan 11, 2018 9:47 AM Refining/Petrochemical

Oil prices posted their strongest start to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. more

Jan 2, 2018 9:35 AM Refining/Petrochemical

Demand to ship gasoline on Colonial Pipeline has sunk to a two-month low as Gulf Coast supplies are increasingly being exported or sent to the Midwest rather than to the New York harbor. more

Dec 28, 2017 9:02 AM Pipeline/Transportation

U.S. shale producers have been selling off assets in Eagle Ford and North Dakota’s Bakken basins to develop projects in the liquids-rich Permian basin, which has lower break-even costs. more

Dec 22, 2017 10:47 AM Drilling & Exploration

A Digital Twin (DT) is a digital representation of a physical object, typically an industrial asset and sometimes an industrial process. It mimics all potential operating scenarios and asset characteristics specific to the asset... more

Dec 22, 2017 6:55 AM Maintenance & Reliability

The offshore oil and gas industry employs tens of thousands of Louisiana workers, supports hundreds of locally owned oilfield service companies, and pays millions in state and local taxes that fund our schools, roads and other public services. more

Dec 18, 2017 4:01 PM Health, Safety & Environmental

U.S. Senator Ted Cruz wants to place a cap of 10 cents each on renewable fuel credits - a fraction of their current value - to help U.S. refiners cope with the nation’s biofuels policy, according to a document viewed by Reuters on Thursday. more

Dec 18, 2017 9:25 AM Refining/Petrochemical

Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil’s state-controlled oil producer also known as Petrobras, said on Thursday they had formed an alliance to develop energy projects around the world. more

Dec 17, 2017 8:03 AM Drilling & Exploration

Rosehill Resources Inc. (“Rosehill” or the “Company”) today announced that it has completed its previously announced acquisition of 4,565 net acres and certain producing oil and gas properties in the Southern Delaware Basin for $78 million. more

Dec 15, 2017 12:10 PM M&A/Investment Banking Articles

According to a recent report from the Texas Oil & Gas Association (TXOGA), America's potential to achieve energy dominance is concentrated in the Permian Basin, where capital investment and production in West Texas... more

Dec 14, 2017 11:23 AM Drilling & Exploration

With 2017 closing, many industry leaders are looking to the future and pondering the changes coming to the U.S. economy and industry business. more

Dec 11, 2017 10:39 AM Natural Gas

General Electric Co is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. more

Dec 7, 2017 9:15 AM Power Generation

Crestwood Announces Completion of US Salt, LLC Divestiture, Commissioning of Bear Den Gas Processing Plant Phase 1 in the Bakken, and Bear Den Gas Processing Plant Phase 2 Expansion more

Dec 6, 2017 9:45 AM Midstream

According to the International Energy Agency (IEA), demand growth for hydrocarbons, particularly those produced in the U.S., is going to focus primarily on OECD (Organization for Economic Co-operation and Development) Asia. more

Dec 4, 2017 12:51 PM Midstream

Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. more

Dec 4, 2017 10:40 AM Upstream

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