Oil and Gas News

The price of crude oil continued its recovery last week on news of a reduction in oil production worldwide and...

In the years since Financial Accounting Standard (FAS) 141 (now codified as ASC 805, Business Combinations) was implemented in 2001,...

India indicates that it look into commercial considerations and related factors to determine the value of oil imports from any...

A total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects...

The political turmoil in Venezuela has huge implications internationally, especially for Texas and the United States. Petroleos de Venezuela (PDVSA),...

Founders Advisors has opened a Houston office. This new office, Founders second office in Texas, will focus on serving middle-market...

GRAY, La. – Danos is pleased to announce that it has reached a tentative agreement to acquire the assets and...

BOSTON — Americans collectively spent $388 billion on gasoline in 2018, averaging to 34 million fill-ups a day. GasBuddy, the only...

Houston, TX – Trendsetter Engineering has successfully completed the design and build of subsea production equipment for Noble Energy’s Leviathan...

The FPSO market size is anticipated to surpass USD 30 Billion by 2025 and is set to witness vigorous growth on...

BELFIELD, N.D., Meridian Energy Group, Inc., the emerging growth refining firm and leading innovator in advanced technology and environmentally-beneficial petroleum processing...

Austin, Texas - The Texas Independent Producers & Royalty Owners Association (TIPRO) today released the fourth edition of its “State...

A total of 305 deals with a combined value of US$47.9bn were registered in the upstream oil and gas industry...

A total of 71 M&A deals with a combined value of US$38.7bn were registered in the midstream oil and gas...

Nowadays, executives in the oil and gas industries have discovered new methods of maximizing the value and reliability of their...

Energy appears to be a key issue in the new Democrat controlled U.S. House of Representatives and among Democrat candidates...

Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits...

Dalton, GA  – MFG Chemical, a global leader in specialty and custom chemical manufacturing, has named Darin Gyomory to the...

Norman, Okla. – Mike McConnell, an energy professional with more than 30 years of leadership experience, has been named the...

Venezuela’s socialist government has been on a downhill slide for years. This week the U.S. sanctioned state-owned oil and natural...

Due to rapid technological developments in the exploration and production of oil sands, Canada has emerged as the world’s fourth...

The oil and gas drilling environment is inherently dangerous, and despite the safeguards put into place in every company, lethal...

BELFIELD, N.D., - Meridian Energy Group, Inc., the emerging growth refining firm and leading innovator in advanced technology and environmentally-beneficial full-conversion...

The 85 upstream projects up for Final Investment Decisions (FIDs) in 2019 include 75 greenfield developments, with approximately 42 billion...

The oil and gas industry expects to increase drilling, production and capital expenditures during 2019, according to a variety of...

As reported by TIPRO earlier this month, employment growth for the Texas upstream sector stalled in the fourth quarter of...

Looking back at 2018, the U.S. oil and gas industry had an exceptional year with respect to merger and acquisition...

Accurately predicting the price of oil and natural gas can be as difficult as predicting the weather in West Texas....

Austin, Texas – Drillinginfo, the leading energy SaaS and data analytics company, announced today it has acquired MineralSoft, a software...

TULSA —  Waterfield Energy, LLC, a leading provider of advanced cloud-based oil and gas accounting and transaction management software, announced...

WILLOWBROOK, IL, — New York Blower Company (NYB), which manufacturers high-quality engineered industrial fans and blowers, recently introduced online ordering...

Mergers and acquisitions (M&A) played an important role in helping oil and gas companies survive through one of the most...

Austin, TX  – Drillinginfo, the leading energy SaaS and data analytics company, announces that U.S. upstream oil & gas M&A...

Crude oil and natural gas prices have been on a roller-coaster ride as the market reacts to a variety of...

WASHINGTON  – API President and CEO Mike Sommers today addressed more than 400 government, labor and industry leaders on America’s...

GRAY, La. – Danos has secured a contract with Equinor for production operation support on its Titan SPAR platform, located...

According to the Texas Independent Producers & Royalty Owners Association (TIPRO), crude oil production in the state of Texas totaled...

Alaska Gasline Development Corp is the top spender among all oil and gas companies in North America, in terms of...

It is no surprise that crude oil and gasoline prices fell like a rock in water during the last three...

Crude oil prices dropped $3 in early trading during the shortened Christmas holiday week, but gained all that was lost...

In the year 2018, there was a lot of evidence for Oil and Gas companies all over the world that...

Hydraulic fracturing, which is also known as fracking, is one of the many methods used for oil extraction. It has...

The downstream sector of the natural gas industry is widespread, with broad tentacles and scopes. This includes crude supplies, refining,...

We had previously seen an improvement in 2017 in terms of global refining margins and utilization. This was a welcoming...

Oil drilling has now been around for more than a century. Due to the numerous innovations in technology, the industry...

It was found quite recently that Mexican Ports increasingly need larger storage capacities due to the ever-evolving situation of the...

As new sources of hydrocarbons are uncovered by aggressive exploration projects, pipeline operators tend to be under constant social and...