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...
2016 November-December
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...
OPEC Announces Potential Production Freeze
OPEC has announced the formation of a preliminary deal to cut the production of oil, the first agreement of its kind since 2008. The cartel...
SEC Investigating Exxon’s Questionable Asset-Evaluation Practices
Exxon is being investigated by the Securities and Exchange Commission (SEC) regarding whether the company properly values its assets, the Wall Street Journal reports. This...
EIA Predicts Deteriorating Oil Market into 2017
The EIA on Tuesday released its adjusted estimates of global demand and supply for oil, and the adjustments were not for the better. The EIA...
Russia and Saudi Arabia Join Forces to Stabilize Oil Market
Energy Ministers from Russia and Saudi Arabia agreed in September to work together in a commitment to stabilize the oil market. The talks occurred in...
Oil Companies Assist with Relief Efforts in a Recovering Louisiana
American Red Cross and various other relief groups operating in Louisiana to assist with flood-ravaged communities have received aid from an unlikely source. Exxon Mobil...
Continental Resources Sells Non-Strategic Assets
Many oil-related companies have been in the process of selling off certain assets to stay solvent in the current economic environment. One such company, Continental...