Latest Headlines

  1. ExxonMobil, Qatar Petroleum To Proceed With Golden Pass LNG Export Project
    2/5/2019

    ExxonMobil and partner Qatar Petroleum said recently they have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas.

  2. API Statement On President’s State Of The Union Address
    2/5/2019

    American Petroleum Institute President and CEO Mike Sommers released the following statement on President Trump’s State of the Union address, which highlighted two crucial API priorities: 21st century energy infrastructure and passage of the United States, Mexico, and Canada Agreement:

  3. Goodnight Midstream Places Llano And Rattlesnake Pipeline Systems Into Service
    2/5/2019

    Goodnight Midstream, LLC, a leading midstream produced water infrastructure company, announced recently it placed two high-pressure, trans-basin produced water pipelines into commercial service with a combined pipeline throughput capacity of 600,000 barrels of produced water per day.

  4. New Allen-Bradley Controller Steers Operators To Better Production Decisions
    2/4/2019

    Industrial workers can strengthen their grasp of production and make more informed operating decisions with the new Allen-Bradley CompactLogix 5480 controller by Rockwell Automation.

  5. Comstock Resources, Inc. Announces 109% Growth In Proved Oil And Gas Reserves And Oil And Gas Production In 2018
    2/4/2019

    Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) announced today that its proved oil and natural gas reserves as of December 31, 2018 were estimated by its independent petroleum engineering firm at 23.6 million barrels of crude oil and 2,283 billion cubic feet ("Bcf") of natural gas or 2,424 billion cubic feet of natural gas equivalent ("Bcfe") as compared to total proved reserves of 1,162 Bcfe as of December 31, 2017.

  6. A Clean Solution — Biological Wastewater Treatment Using Regenerated Activated Carbon Saves Disposal Costs
    2/1/2019

    Finding an optimum way to treat wastewater in the oil and gas industry is a crucial issue. With its Wet Air Regeneration (WAR) system, Siemens is providing a method which works in combination with the powdered activated carbon treatment (PACT) system to recycle more than 90 percent of the required activated carbon, reliably destroy adsorbed contaminants, and convert sludge to ash. This avoids costly and laborious disposal to landfill.

  7. ExxonMobil Earns $20.8B In 2018; $6B In Fourth Quarter
    2/1/2019

    Exxon Mobil Corporation: Third Fourth Quarter Quarter Twelve Months 2018 2017 % 2018 % 2018 2017 % Earnings Summary (Dollars in millions, except per share data) Earnings (U.S. GAAP) 6,000 8,380 -28 6,240 -4 20,840 19,710 +6 U.S. Tax Reform 20 5,942 271 291 5,942 Asset Impairments (429 ) (1,294 ) (18 ) (489 ) (1,521 ) Earnings Excluding U.S. Tax Reform and Impairments 6,409 3,732 +72 5,987 +7 21,038 15,289 +38 Earnings

  8. Claxton Expands Norwegian Base In Response To Industry Demand
    2/1/2019

    Recently, Claxton, a leading supplier of engineering and services for shallow-water, jackup-depth markets in subsea services group Acteon, has opened a new office in Stavanger, Norway, in a significant step in its ongoing growth.

  9. Shell And Partners Start Deep-Water Production At Lula North In Brazil
    2/1/2019

    Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (“Shell”), recently announces with consortium partners the start of production at the Lula North deep-water project in the Brazilian Santos Basin.

  10. Rosneft Increased Its Proven Hydrocarbon Reserves By 4% In 2018
    2/1/2019

    As of 31.12.2018, Rosneft SEC proven hydrocarbon reserves were 41,431 mmboe (5,597 mmtoe). The hydrocarbon reserves increased by 1,524 mmboe (202 mln toe) versus reserves as of 2017 end or by 4%.