Having a quite-fleet might not be enough to survive in the ever-volatile pressure pumping sector. As the fracking companies push for more economically viable frac…
Author: News
Trudeau to Advance Pipeline after fierce backlash from Oil sector
Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry….
Permian Continues to See Loss of Oil Drilling Rigs
In its weekly release, Baker Hughes, a GE company BHGE reported a decline in weekly rig count in the United States. More on the Rig…
Canada’s Oil Patch Faces Capital Outflows
By Tsvetana Paraskova and capp.ca Insufficient market access and continued uncertainty over additional pipeline capacity have finally caught up with the growth projections of Canada’s…
Permian Basin Mergers: C&J Energy Services and Keane Group Inc plan to merge
Houston-based C&J Energy Services (NYSE: CJ) and Keane Group Inc. (NYSE: FRAC) P, creating a diversified oil field services provider valued at approximately $1.8 billion,…
A Failure Of OPEC+ Could Turn The U.S. Oil Boom Into Another Bust?
By David Blackmon The prevailing conventional “wisdom” appears to be that they will take their medicine one more time, and agree to at least extend…
Russia is leading Artificial intelligence in the Oilfield
eDrilling has announced that it has signed a contract with Gazpromneft-Yamal, a Gazprom Neft subsidiary, for the use of eDrilling’s software to optimize its drilling…
Crude Oil slipping half a percent to the weakest closing price since Feb
U.S. West Texas Intermediate crude futures settled 25 cents lower at $53.25 per barrel, slipping half a percent to the weakest closing price since Feb….
Crude Oil as the new weapon in the U.S and China trade war?
As the U.S.-China trade war continues to escalate, Beijing and its energy giants appear to be bracing for a worst-case scenario where the spat would…
Mexico kicks off $7.7 billion refinery construction amid trade tariffs from the U.S
Mexico is kicking off the construction of its $7.7 billion (150 billion peso) oil refinery amid a call by President Andres Manuel Lopez Obrador for…
Occidental Petroleum (OXY) Investor Presentation
Looking back on 2018, I’m pleased with the significant progress we made in strengthening Occidental’s long-term financial and business outlook. We completed our strategic cash…
Crude prices slumped to a three-month low on concerns with Trump’s trade policy
Oil Opens a New Window. prices slumped to a three-month low Friday as concerns about President Trump’s trade policy Opens a New Window. and the…
Are commodities sending warning sign to rest of world?
Crude gets slammed and copper collapses. Are commodities sending a warning? With CNBC’s Melissa Lee and the Fast Money traders, Dan Nathan, Brian Kelly, Karen…
China’s Fracking Revolution: China uses CO2 instead of water for fracking
Could a greenhouse gas (CO2) be the answer to making fracking less controversial? Counterintuitive as the idea might seem, Chinese researchers, claim that using carbon…