Three of the largest drilling rig operators in Texas are making budget cuts and bracing for the worst as a global glut of crude oil and falling demand due to the coronavirus pandemic are expected to cause the U.S. rig count to plummet.
The oil and natural gas industry practice of burning surplus gas from oil wells, or flaring, has reached levels not seen in Texas since the 1950s, a report released Tuesday by Railroad Commissioner Ryan Sitton states.
A Midland legend passed away Friday night.
Valero Energy Corp. said Thursday it finished 2019 with earnings of $2.4 billion, down more than 22 percent from the prior year, which the company attributed to higher prices it paid for sour crude and high gasoline inventories.
Helicopter operator Bristow has announced plans to merge with US rival Era, three months after emerging from Chapter 11 bankruptcy.
A deal by the US and China goes some way to ending the two-year trade war, with particular support in the agreement for agriculture and energy exports.
Ataria Malveaux was 18, just out of high school, when she fled a chaotic family life in Houston for the promise of making quick money in Dallas. She soon discovered her would-be employer was a pimp; only the help of another woman allowed her to escape forced prostitution.
The birthplace of the shale industry is losing the last of its top industry players after Devon Energy agreed to sell its remaining position in the Barnett shale for $770 million.
Federal officials have approved permits for three new liquefied natural gas export terminals in the Rio Grande Valley and the expansion of another in Corpus Christi.
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
A north-east man is being sued by oilfield services giant Schlumberger for $1million after they claimed he left the firm to work for a rival.
The threat of war in the Middle East is pushing oil prices higher again, capping one of the most dramatic ever weeks for crude in which 5% of the world’s supplies were cut by attacks on Saudi production facilities.
President Donald Trump scoffed yet again at a source of electricity championed by his own energy secretary, saying wind power doesn’t work “all that well.”
An extreme heat that propelled electricity demand in Texas to an all-time high and sent power prices surging to a record on Monday afternoon is threatening to do it all over again Tuesday.
A man who stole deepwater trade secrets on behalf of China was convicted in federal court, highlighting the fierce competition between the world’s economic superpowers for oil-drilling supremacy.
As Blake Roberts bounced along a single-lane dirt road in his red Ford Super Duty pickup he pointed to a pumpjack bobbing in the West Texas heat.
The petrochemical giant owned by Britain's richest man Jim Ratcliffe is expanding its Chocolate Bayou chemical plant in Texas to tap into a fast-growing ethylene oxide market.
The Refuge Bar & Bistro, just a short walk from Anadarko Petroleum's headquarters, is becoming a place for Anadarko workers to drown their sorrows as they update resumés and contemplate the future of The Woodlands without its flagship employer, which recently agreed to be acquired by Occidental Petroleum.
A Dyce-headquartered energy services group said “stable” North Sea activity levels helped it more than double profits in 2018.
The US Department of Energy has appeared to rebrand the country's natural gas as "molecules of freedom".
For dozens of north-east delegates attending this year’s Offshore Technology Conference (OTC) in Houston, the trip was the place to tout for international business and make invaluable contacts.
As the global industry assembles in Houston for the Offshore Technology Conference, it will be in the midst of a quiet American revolution.
Moss Creek Resources recently set a new record for drilling a well in the Permian Basin, the onshore resource that has dramatically transformed the fortunes of the US oil and gas industry.
A Texas businessman who hails from the north-east of Scotland has celebrated the expansion of his business incubator venture in Houston.
An entrepreneur who left Aberdeen for Texas almost 25 years ago has a burning ambition to put down roots for his company in the Granite City.