Current Headlines

  1. ExxonMobil To Increase, Accelerate Permian Output To 1M Barrels Per Day By 2024

    ExxonMobil said recently it has revised its Permian Basin growth plans to produce more than 1M oil-equivalent barrels per day by as early as 2024 – an increase of nearly 80 percent and a significant acceleration of value.

  2. TechnipFMC Completes Remaining Conditions With MIDOR, Enabling Work To Commence On Refinery Expansion And Modernization Project In Egypt

    TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt.

  3. Drillinginfo's New Dealmaker Suite Enables Smarter And Faster Investment Decisions

    Drillinginfo, the leading energy SaaS and data analytics company, recently announced the availability of its new DI Dealmaker Suite, the oil and gas industry’s first M&A deal evaluation platform that revolutionizes how investors, analysts, and executives research and evaluate potential and completed deals.

  4. Oilfield Helping Hands Permian Basin Chapter Distributes First Grants

    Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis, has awarded its first grants from the Permian Basin Chapter to qualified recipients. The Chapter held its first meeting under new leadership in November 2018.

  5. Glacier Oil And Gas Awards Pipeline Safety Management System Gap Analysis Project To G2 Integrated Solutions

    G2 Integrated Solutions (G2-IS) announced today that Glacier Oil and Gas awarded a Pipeline Safety Management System Gap Analysis Project to G2-IS. Glacier Oil and Gas joins industry leaders in the commitment of continual improvement as a respectable employer, dependable supplier, and good neighbor.

  6. OSU-Cascades Researcher Awarded $2.97M To Recover Grey Water From Hydraulic Fracturing

    The U.S. Department of Energy has awarded $2.97M to a researcher at Oregon State University - Cascades to develop a new technology to treat hydraulic fracturing wastewater and improve the public health and environmental impact concerns associated with untreated wastewater.

  7. ExxonMobil To Fund Polypropylene Unit To Expand Baton Rouge Operations

    ExxonMobil said recently that it will fund the construction of a new polypropylene production unit in Baton Rouge that will expand production capacity along the Gulf Coast by up to 450,000 tons per year.

  8. Cimarex Announces Closing Of The Acquisition Of Resolute Energy

    Cimarex Energy Co. (NYSE: XEC) announced that it completed its acquisition of Resolute Energy Corporation (NYSE: REN) ("Resolute") on March 1, 2019.

  9. Petrobras Posts R$ 25.8B Net Income In 2018

    Petrobras posted R$ 25.8B net income in 2018. The first positive annual result in five years is also the highest since 2011.

  10. ExxonMobil Makes Natural Gas Discovery Offshore Cyprus

    ExxonMobil recently said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.