ExxonMobil Reexamines Value of its Oil Reserves
ExxonMobil expects that the downturn could affect the value of roughly 4.6 billion barrels of oil reserves. With the oil price hovering around $45, many...
Articles by Tim McNally
GE-Baker Hughes Merger to Create Second Largest Oilfield Services Provider
General Electric Co. is positioning itself to be one of the largest oilfield services providers in the industry. GE on Oct. 31 said it plans...
Ursa Space Systems is Changing How Companies Interact with Data
Information is the most valuable commodity. The accuracy and speed with which information can be assimilated will determine which companies succeed and which companies fail....
Louisiana Parishes Resist Governor’s Push to Sue O&G Industry
Louisiana Governor John Bel Edwards is persisting in his attempt to convince parishes throughout Louisiana to join a suit against the oil and gas industry...
Newfield CEO Says Oil Price Needs to Rise More Before Production Increase
Lee Boothby, CEO of Newfield Exploration Co., thinks that oil prices need to be higher for production levels to increase significantly. “People that are following...
Oklahoma Governor Receives Criticism for Day of Prayer
Oklahoma is one of many states that rely on the oil industry to support their economy. The continuing downturn prompted Governor Mary Fallin to announce...
FMC Technologies and Technip Shareholders to Vote On Merger in December
Houston-based FMC Technologies said this week that Technip and FMC’s respective shareholders will vote on Dec. 5 to approve or deny the companies’ plan to...
Oceaneering Acquires Blue Ocean Technologies for $30 Million
Houston-based Oceaneering International on Oct. 17 said that it has acquired the assets of privately owned Blue Ocean Technologies, LLC. The purchase price of $30...
GE’s First Industry-focused R&D Center Unveiled in Oklahoma City
GE recently unveiled its Oil and Gas R&D Center in Oklahoma City, Okla. The 125,000 square foot facility will be used for creating new technologies...
Massive Find in Alaska Made by Texas-based Firm
A large concentration of light-oil has been discovered in the North Slope region of Alaska by privately owned exploration and oil production company Caelus Energy...