‘Drill, Baby, Drill’ Plan Shows Results
Just a few years ago there was a debate over energy policy that included the phrase “drill, baby, drill.” The belief was that if drilling...
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eDrilling Guest Interview: Digitizing and Digitalization of the Oil and Gas Industry
These are indeed defining times for the industry. We sat down with eDrilling’s VP Product Management and Strategy, Morten Svendsen, to hear his views on...
Devon Energy Sells $340 Million of Assets
Oklahoma City-based Devon Energy Corp. announced on July 31 that it had entered into an agreement to sell what it considers to be non-core assets...
LOGA Highlights Importance of Relationship with O&G Industry
To demonstrate the importance of the oil and gas industry to the state of Louisiana, the Louisiana Oil and Gas Association (LOGA) released a statement...
ConocoPhillips Releases Financial Report for Second Quarter
ConocoPhillips—its latest financial report released on July 27—reported a significant step forward in the move to meet financial and operational goals. The Houston, Texas-based firm...
OPEC Receives a Painful Economics Lesson
The Organization of Petroleum Exporting Countries (OPEC) is getting a first-class education in the law of supply and demand, i.e. when supply outstrips demand prices...
Exxon Faces Fine for Russian Dealings Under Sanctions
The U.S. Treasury Department has levied a $2 million fine against Exxon Mobil Corp. for violating U.S. sanctions which barred companies from dealing with Russia,...
LOGA Executive Sees Huge Litigation Costs for O&G Companies
In the ongoing legal battle between O&G companies and various Louisiana parishes, litigation costs are expected to be devastatingly high for the companies operating in...
Gulf Production Up, Exploration Activity Down
Even though crude oil production in the Gulf of Mexico remains at a record pace, companies involved in exploration face tough times, according to an...
Haynesville, LA Making a Comeback in the Oil Industry
The oil industry is filled with fierce competitors, all vying to be the leading producer of shale oil. In Louisiana, the town of Haynesville is...