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...
Upstream
Exxon Faces Fine for Russian Dealings Under Sanctions
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,...
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
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,...
Clean Chemistry Issued New Patents for Water Treatment Technology
Clean Chemistry, a chemical technology company, received three patents from the US Patent and Trademark Office that cover formulae, synthesis methods and use of unique...
Weir Oil & Gas Acquires Pressure Control Provider KOP Surface Products
Weir Oil & Gas has entered into an agreement to acquire KOP Surface Products, a provider of wellheads, surface trees, valves, actuators and aftermarket services...
Exxon Mobil’s Ambiguous Relationship with Climate Change
Climate change has been quite the buzzword these past few weeks, with both political and industrial forces focusing on how they will deal with the...
Oil Spill Response Ltd Signs A ‘Memorandum of Understanding’ With Trendsetter And Halliburton For Integrated Subsea Well-Capping Response Solutions
Oil Spill Response Ltd (OSRL), Trendsetter Engineering and Halliburton announced the companies have signed a Memorandum of Understanding (MoU) for integrated subsea well-capping response solutions....
OPEC Meeting Raises Question of The Future of Energy
OPEC nation members and non-OPEC nations came together on May 25 to discuss the current economic environment for oil and what could be done to...
Russian and Saudi Arabian Production Cuts Could Extend into 2018
On Monday, May 8th, both Saudi Arabia and Russia announced that they were contemplating a protracted production cut which could extend into 2018. The countries’...