Can oil recover from coronavirus? An industry debate is underway
When the pandemic is all over will society go back to driving cars and hopping on planes with nary a worry as it did just two short months ago?
texas
Texas drilling rig operators make budget cuts ahead of rig count plummet
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.
Flaring in Texas reaches levels not seen since 1950s, oil industry regulator says
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.
Texas oil hall of famer Clayton Williams dies aged 88
A Midland legend passed away Friday night.
Earnings down 22% in 2019 for Texas-based Valero Energy
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.
Bristow to merge with rival helicopter firm Era following Chapter 11 bankruptcy
Helicopter operator Bristow has announced plans to merge with US rival Era, three months after emerging from Chapter 11 bankruptcy.
US-China deal provides boost for energy exports
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.
Oil and gas industry works to increase awareness of human trafficking
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 top company in Texas’ birthplace of shale exits for $770m
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.
US officials approve permits for four LNG export projects in Texas
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 announces £93m new deals in North Sea and Malaysia, buys Texas energy services firm
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.
Aberdeenshire resident facing $1million lawsuit from Schlumberger
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.
Oil rising again as Iran’s war threat heightens tensions
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.
Trump says wind isn’t working but his energy secretary disagrees
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.”
Extreme heat propels electricity demand in Texas to all-time high
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.
Man who stole secrets for China targeted Texas deepwater oil drilling tech
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.
Texas oil town wants the nation’s nuclear waste
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.
Ineos to expand Texas petrochemical plant
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.
As Oxy acquisition looms, Anadarko workers drown sorrows, update resumes
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.
Updated: Centurion snaps up valve firm, announces doubling of 2018 profits
A Dyce-headquartered energy services group said “stable” North Sea activity levels helped it more than double profits in 2018.
US energy department rebrands fossil fuels as ‘freedom gas’
The US Department of Energy has appeared to rebrand the country's natural gas as "molecules of freedom".
Delegates leave OTC with a smile
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.
US energy powers ahead
As the global industry assembles in Houston for the Offshore Technology Conference, it will be in the midst of a quiet American revolution.
Huge scale of US shale
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.
Aberdeenshire man unveils his latest Texas venture
A Texas businessman who hails from the north-east of Scotland has celebrated the expansion of his business incubator venture in Houston.