Latest Headlines

  1. API Statement On Climate Proposal From House Select Committee 6/30/2020

    “The risks of climate change are real, and the solutions must be equally real. Our industry is focused on reducing greenhouse gas emissions while providing access to affordable and reliable energy that helps enhance standards of living around the world,” API SVP of Policy, Economics and Regulatory Affairs Frank J. Macchiarola said.

  2. ConocoPhillips Provides Update On Production Curtailment Activities 6/30/2020

    For the second quarter of 2020, the company’s curtailments were primarily related to oil production and averaged approximately 225 thousand barrels of oil equivalent per day (MBOED) on a net basis.

  3. SPE And SEG Co-Locate 2020 Annual Meetings In Houston, Texas 6/30/2020

    The Society of Petroleum Engineers (SPE) and the Society of Exploration Geophysicists (SEG) are pleased to announce that the organizations will co-locate their annual meetings this year. This unique experience will be held 12–14 October 2020 at the George R. Brown Convention Center in Houston, Texas, USA.

  4. Schlumberger Introduces Symphony Live Downhole Reservoir Testing 6/30/2020

    Schlumberger introduced today Symphony* live downhole reservoir testing, a technology platform that enables operational control of the downhole testing toolstring to deliver real-time downhole measurements.

  5. It’s The Combination That Does It 6/29/2020

    Membrane techniques have enormous potential for water treatment. “The removal of harmful or troublesome trace elements as completely as possible during water treatment is more important today than ever before – and is also indispensable for responsible wastewater management,” said Alexander Scheffler, head of Marketing in the Liquid Purification Technologies (LPT) business unit at specialty chemicals company LANXESS.

  6. Covia Announces Plan To Create Sustainable Capital Structure And Reduce Long-Term Obligations By More Than $1B 6/29/2020

    Covia (NYSE:CVIA) today announced that it has taken a major step toward creating a sustainable capital structure by reducing debt and eliminating excess fixed costs by more than $1 billion. The Company has entered into a restructuring support agreement (the "RSA") with holders of a majority of its secured debt for a comprehensive financial restructuring of its debt.

  7. BP Agrees To Sell Its Petrochemicals Business To INEOS 6/29/2020

    BP today announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5B, subject to customary adjustments.

  8. Schlumberger Introduces Performance Live Service 6/29/2020

    Schlumberger introduced today Performance Live digitally connected service that optimizes remote wellsite operations control while improving safety, efficiency and footprint.

  9. CNOOC Limited Announces A Significant Discovery Of Huizhou 26-6 In Eastern South China Sea 6/29/2020

    CNOOC Limited announced today that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin.

  10. DeepStar Awards Phase II Of Magnetic Drive System™ Concept For Electric Submersible Pumps To Upwing Energy-Mitsubishi Heavy Industries Partnership 6/24/2020

    Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been awarded the next phase of the Magnetic Drive System™ (MDS) project by DeepStar, a global offshore research and development consortium.