Latest Headlines

1. Phillips 66 CEO Greg Garland Named Chairman Of API 1/22/2020

   The American Petroleum Institute (API) announced today that Phillips 66 Chairman and CEO Greg Garland will serve as chairman of API’s Board of Directors for a two-year term. Garland recently served the board as chair of the Finance Committee and succeeds Chairman and CEO of ExxonMobil Darren Woods, who will remain a member of API’s Executive Committee

2. Stratagraph Appoints William A. Hagan As President And Chief Executive Officer 1/22/2020

   Stratagraph, a pioneer in providing mud logging and pressure detection services to the global oil and gas industry, has appointed William A. Hagan as its new president and chief executive officer.

3. Wood Cements Position As Strategic Partner To Saudi Aramco 1/21/2020

   Wood has secured a two-year extension to its in-Kingdom and out-of Kingdom contracts with Saudi Aramco’s subsidiary, Aramco Overseas Company B.V. (AOC) for its unconventional gas programme, extending awards originally secured in 2014.

4. McDermott International, Inc. Announces Comprehensive Prepackaged Restructuring Transaction To De-Lever Balance Sheet And Immediately Position Company For Long-Term Growth 1/21/2020

   McDermott International, Inc. (NYSE: MDR) ("McDermott") today announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of debt.

5. Enverus And Concho Resources Develop Solution To Reduce Erroneous Overbilling 1/21/2020

   Enverus, the leading energy SaaS and data analytics company, and Concho Resources today announced they will bring to market a new product, Audit Analytics, which enables energy companies to reduce costs by identifying erroneous overbilling in high volume shale operations.

6. Oilfield Helping Hands selected As Colorado Energy Foundation Grant Recipient 1/21/2020

   The Oilfield Helping Hands (OHH) Rocky Mountain Chapter, a non-profit organization helping oilfield families in financial crisis due to no fault of their own, has been named as a beneficiary and grant recipient of the Colorado Energy Foundation this year.

7. API: USMCA Passage Represents ‘Significant Turning Point In American Trade Policy’ 1/16/2020

   The American Petroleum Institute (API) today welcomed Senate passage of the U.S.-Mexico-Canada Agreement (USMCA), saying the deal will sustain and grow America’s global energy leadership while benefiting U.S. workers and consumers.

8. Increase In Production Of Unconventional Resources To Drive Artificial Lift Systems Market: TMR Study 1/16/2020

   The global artificial lift systems market was valued at ~US$ 8.1B in 2018 and is anticipated to expand at a CAGR of ~5% during the forecast period. In terms of component, the hardware segment accounted for a prominent share of the artificial lift systems market in 2018, due to the high cost of hardware components in artificial lift systems, along with rising demand for artificial lift systems in mature oil and gas fields.

9. Gulf Research Program Awards $7.25M To Eight Projects Working To Advance Safety Culture In The Offshore Oil And Gas Industry 1/16/2020

   The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine today announced $7.25M in grant awards for eight projects focused on strengthening safety culture in the offshore oil and gas industry.

10. Equatorial Guinea’s Minister H.E. Gabriel M. Obiang Lima Congratulates PetroVietnam On Its Expansion In Dubai 1/15/2020

    Equatorial Guinea’s Minister of Mines, H.E. Gabriel M. Obiang Lima, recently visited PetroVietnam Oil Corporation’s newly opened Dubai office to congratulate the team on their latest move.