Current Headlines

  1. EPA, New Mexico Announce New Website Detailing Draft White Paper On Oil And Natural Gas Wastewater, Recycling And Reuse

    The State of New Mexico and the U.S. Environmental Protection Agency (EPA) have released a draft white paper which addresses state and federal regulatory management of produced water, along with opportunities to treat and reuse the water to help alleviate water scarcity issues across the state.

  2. Reliable One Resources Acquires Trucking Companies Servicing Oil And Gas Operators

    Reliable One Resources, Inc., a provider of innovative water disposal and water recycling services, today announced the purchase of a controlling interest in BBU Services, Inc., B&S Leasing, LLC, and Mountain States Environmental, LLC, which together provide comprehensive trucking services – including water hauling, roll-off services, vacuum trucks, containment, and emergency spill response – to oil and natural gas operators in the Marcellus and Utica Shale regions.  `

  3. Oilfield Helping Hands Permian Basin Chapter To Host First Meeting Under New Leadership

    Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis, will hold its first Permian Basin Chapter meeting under new leadership. The informational chapter meeting will be held on December 12, 2018, at Anadarko’s Midland, Texas, facility, located at 6 Desta Drive. The event is free to attend.

  4. Aquaterra Energy Bags Another Johan Sverdrup Win

    Aquaterra Energy, a leader in global offshore engineering solutions, has recently been awarded a contract by Equinor to deliver early well construction operations for the next sixteen wells of the Johan Sverdrup field development.

  5. Topaz Signs Long-Term Agreement With Reach Subsea

    Topaz Energy and Marine (“Topaz”), a leading offshore marine logistics company has signed a long-term agreement with Reach Subsea (“Reach”) under which Reach will charter the newbuild subsea vessel, Topaz Tiamat.

  6. Vantage Energy Acquisition Corp. Announces $1.65B Acquisition Of Williston Basin Assets From QEP Resources To Form Publicly Traded Vantage Energy Inc.

    Vantage Energy Acquisition Corp. (“VEAC”) (NASDAQ: VEAC, VEACU, VEACW), an energy-focused special purpose acquisition entity led by Roger Biemans, former Chairman & CEO of Vantage Energy LLC, and President of Encana Oil & Gas (USA), today announced it has entered into definitive agreements with QEP Energy Company, a wholly owned subsidiary of QEP Resources, Inc. (collectively, “QEP”), to acquire the entirety of QEP’s Williston Basin assets in North Dakota and Montana, which includes the South Antelope and Fort Berthold leasehold and various mineral interests, for $1.65 billion cash consideration, prior to post-effective date adjustments, and up to 5.8 million shares of Vantage (as defined below) common stock if certain stock price targets are achieved.

  7. Abu Dhabi National Oil Company Announces $132B CAPEX Program, Integrated Gas Strategy And An Increase In Oil Production

    The Abu Dhabi National Oil Company’s (ADNOC) announced, recently, its plans to launch a new integrated gas strategy and increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030, following approval from the Supreme Petroleum Council (SPC), the highest governing body of the oil and gas industry in Abu Dhabi.

  8. Danos Awarded Shell Contract

    Danos announced recently that Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, has awarded a contract to Danos for the coatings maintenance campaign for the Ursa tension leg platform (TLP).

  9. Chevron Reports Third Quarter Net Income Of $4.0B

    Chevron Corporation recently reported earnings of $4.0B ($2.11 per share – diluted) for third quarter 2018, compared with $2.0B ($1.03 per share – diluted) in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930M in the upstream segment, and a gain of $350M on the sale of southern Africa refining, marketing and lubricant assets.

  10. ExxonMobil Earnings Increase 57 Percent To $6.2B In Third Quarter Of 2018

    Exxon Mobil Corporation: Second Third Quarter Quarter First Nine Months 2018 2017 % 2018 % 2018 2017 % Earnings Summary (Dollars in millions, except per share data) Earnings (U.S. GAAP) 6,240 3,970 57 3,950 58 14,840 11,330 31 Earnings Per Common Share Assuming Dilution 1.46 0.93 57 0.92 59 3.47 2.66 30 Capital and Exploration Expenditures 6,586 5,987 10 6,627 -1 18,080 14,081 28 Exxon Mobil Corporation today announced estimated third quarter 2018.