Mounting Problems for Louisiana Oil Companies
The turbulence of the oilfield has been widespread over the past two years since OPEC decided to let the supply overcome the demand for oil,...
Upstream
Strong Indicators Give Boost to Oil Price
The price of oil received a boost after an April 11 announcement by the two largest oil-producing nations revealed that they were considering continuing production...
ConocoPhillips Sells Canadian Assets to Cenovus Energy Inc. for $13.3 Billion
On March 29, Houston, Texas-based ConocoPhillips announced the sale of some of its Canadian assets to Cenovus Energy, an oil-production firm based in Calgary. The...
With Production Revolution, U.S. is Quietly Breaking its Reliance on Foreign Oil
All along the highway that leads into this West Texas city, the rows of pump jacks seem endless, bobbing up and down as they pull...
The Time is Now for Oil and Gas Engineering and Design Careers
With the oil and gas industry currently in an upward cycle, driven by the natural gas shale-play discoveries in the United States, companies continue to...
Higher U.S. Oil Drilling Has An Unexpected Effect
Platts reported some unusual findings last week as part of a new study. Looking at oil versus natural gas drilling in the U.S. The analysts found...
Drilling For Oil, Based On The Bible: Do Oil And Religion Mix?
They say an oilman has to be a gambler, but can he be a prophet? Zion Oil & Gas, based in Dallas, is a publicly...
Midland, TX is Now the Richest Metropolitan Area In the U.S.
According the data released by the U.S. Bureau of Economic Analysis Midland, TX ended the Bridgeport, CT metro area’s reign as the area with the...
New Wells Proliferate Across the Eagle Ford Shale
Oil field activity in South Texas is adding up to lots of new wells. In the last four quarters, operators have drilled 4,092 new wells in the...
Gulf Coast Gasoline Rises to 6-Week High on Seasonal Work
Spot gasoline on the U.S. Gulf Coast strengthened to a six-week high as refiners carried out seasonal maintenance, lowering production in the region. Conventional, 87-octane...