Exxon Mobil Looks to Build Petrochemical Plant in Texas
Exxon Mobil’s and Saudi Basic Industries Corps’ joint plan to build a new petrochemical plant saw significant advancement on March 21, as a school board...
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Crude Oil Stocks Set Record
Crude oil inventories jumped to a new record last week, according to the Energy Information Administration (EIA), causing prices on the futures market to decline....
Mammoth Energy Acquires Three Oil Companies
Mammoth Energy Services, Inc., announced on March 21st that it is purchasing three oilfield services companies in an effort to further its offerings in the...
Bankruptcy Restructuring Offers Relief to Chaparral Energy
Oklahoma City-based Chaparral Energy, a private exploration and production company, announced on May 9th that it had filed for Chapter 11 bankruptcy relief in the...
Ethos Offshore US Inc. Files for Chapter 7 Bankruptcy
Houston, Texas-based Ethos Offshore US has filed for Chapter 7 bankruptcy after acknowledging that it would not likely be able to pay its debtors. The...
Oil Producers Nervously Watch Industry Trends
The oil industry in Texas and across the U.S. nervously awaited a weekly report from the U.S. Energy Information Administration (EIA) on Wednesday and for...
Supermajors Are the Best Companies to Work At
In the Global Top 30, as compiled by Rigzone, the best companies to work for in the oil and gas industry appear to be supermajors....
Save Millions by Reducing Engine Idle Time
When oil was selling for more than $100 per barrel, most operators were not concerned about penny-pinching or using the most efficient processes available to...
Automated Data Reporting Saves Time and Money
With low oil prices, operations managers seek the most accurate data available to them. This information allows them to make efficient financial forecasts and make...
Petroleum Industry News Sends Mixed Signals
There was a variety of news regarding the petroleum industry last week that sent mixed signals to industry observers. First, petroleum economist Karr Ingham said...