Devon Energy Sells $340 Million of Assets
Oklahoma City-based Devon Energy Corp. announced on July 31 that it had entered into an agreement to sell what it considers to be non-core assets...
Articles by Tim McNally
LOGA Highlights Importance of Relationship with O&G Industry
To demonstrate the importance of the oil and gas industry to the state of Louisiana, the Louisiana Oil and Gas Association (LOGA) released a statement...
ConocoPhillips Releases Financial Report for Second Quarter
ConocoPhillips—its latest financial report released on July 27—reported a significant step forward in the move to meet financial and operational goals. The Houston, Texas-based firm...
Exxon Faces Fine for Russian Dealings Under Sanctions
by Tim McNally
The U.S. Treasury Department has levied a $2 million fine against Exxon Mobil Corp. for violating U.S. sanctions which barred companies from dealing with Russia,...
LOGA Executive Sees Huge Litigation Costs for O&G Companies
In the ongoing legal battle between O&G companies and various Louisiana parishes, litigation costs are expected to be devastatingly high for the companies operating in...
OPEC Meets with U.S. Shale Producers
U.S. shale oil producers and The Organization of the Petroleum Exporting Countries (OPEC) met for the first time to talk about the future of the...
IEA Data Shows Electricity Investment Outpaced O&G Investment in 2016
by Tim McNally
The International Energy Agency (IEA) announced on July 12 that a significant shift in energy-investment patterns had occurred in 2016. According to the organization’s data,...
Halliburton Acquires Tulsa-Based Summit ESP
A Tulsa-based oilfield equipment supplier has gained the attention of a large multinational oilfield services provider. The Oklahoma-based firm, Summit ESP, notably impressed Halliburton, as...
Baker Hughes and GE O&G Form 2nd Largest Oilfield Services Company
Baker Hughes and GE’s Oil & Gas division announced on June 3 that they had completed merging their two companies. The combined firm, which will...
Interview with Chris Buckley, CEO and Founder of ST9 Gas + Oil
Below is an interview with CEO and Founder of ST9 Gas + Oil, Chris Buckley. ST9 Gas + Oil manufactures products for Upstream drilling operations....