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...
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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...
Oceaneering Acquires Blue Ocean Technologies for $30 Million
Houston-based Oceaneering International on Oct. 17 said that it has acquired the assets of privately owned Blue Ocean Technologies, LLC. The purchase price of $30...
GE’s First Industry-focused R&D Center Unveiled in Oklahoma City
GE recently unveiled its Oil and Gas R&D Center in Oklahoma City, Okla. The 125,000 square foot facility will be used for creating new technologies...
Massive Find in Alaska Made by Texas-based Firm
A large concentration of light-oil has been discovered in the North Slope region of Alaska by privately owned exploration and oil production company Caelus Energy...
OPEC Announces Potential Production Freeze
OPEC has announced the formation of a preliminary deal to cut the production of oil, the first agreement of its kind since 2008. The cartel...