Trump Selects Exxon CEO for Secretary of State
President-Elect Donald Trump’s decision to nominate an oil and gas CEO to the Secretary of State position has been met with criticism from both the...
Oilman January-February 2017
Oklahoma Ranks Top Among Regions for Oil and Gas Investment
The Fraser Institute, an independent, Vancouver-based think tank, on Dec. 6 released its 2016 Global Petroleum Survey. The survey is the institute’s 10th annual edition...
OPEC Agrees to First Oil Production Cut in Eight Years
In September, OPEC announced that it would finalize an oil production cut by the end of November. The announcement was met with much doubt and...
Oil Recession Wipes Out Billions in Wages
The U.S. Bureau of Labor Statistics reported that the prolonged oil recession has wiped out billions in potential wages from oil and gas employees who...
Gulf Coast States May Receive Extra Offshore Oil and Gas Royalties
If Sen. Bill Cassidy (R-LA) gets his way, Alabama, Louisiana, Mississippi, and Texas will receive extra offshore gas and drilling royalties from the American Energy...
US Geological Survey Discovers Largest US Continuous Oil and Gas Deposit in Texas
The U.S. Geological Survey (USGS) estimates that it has discovered the largest continuous oil and gas deposit ever assessed in the U.S. The agency on...
Four Louisiana-Based Oil and Gas Startups Supported by The Idea Village
Despite the slump in global oil prices, a few brave Louisiana-based companies are venturing out as startups in the energy industry. Their innovative ideas show...
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...
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...
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...