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Author: News
Game Changer: Structure of fossil-fuel source rocks is finally decoded
Structure of fossil-fuel source rocks is finally decoded Detailed 3-D imaging of kerogen, a source of petroleum and natural gas, could improve estimates of recoverable…
Rolls-Royce To Help Power New Drilling Rigs
Rolls-Royce said it has signed agreements for the supply of mooring equipment to drilling rigs under construction at Singapore’s KeppelFELS yard and China Merchants Heavy…
AMP Capital Investors Ltd cut its position in shares of Schlumberger Limited
AMP Capital Investors Ltd cut its position in shares of Schlumberger Limited. (NYSE:SLB) by 22.5% in the third quarter, according to the company in its…
Exxon Mobil Corp. will use renewable energy to produce oil in West Texas.
Under 12-year agreements with Denmark’s Orsted A/S, Exxon will buy 500 megawatts of wind and solar power in the Permian Basin, the fastest growing U.S….
Liberty Oilfield Services (NYSE:LBRT) Lowered to “Strong Sell” at ValuEngine
Liberty Oilfield Services Gets a “Strong Sell” at ValuEngine Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings results on Tuesday, October 30th. The company…
Blockchain platform for crude oil traders goes live
London-based Vakt launched its digital trading platform early Thursday morning, for now focused on North Sea oil contracts.
Trinidad Drilling Posts a white flag on it’s FB page
You’ve probably heard by now that Ensign has successfully acquired a majority of Trinidad’s shares. It will take some time for us to navigate these…
JPMorgan Chase & Co upgrades Keane Group (NYSE:FRAC) buy target from 18 to 19.00
Keane Group (NYSE:FRAC) had its price target hoisted by JPMorgan Chase & Co. from $18.00 to $19.00 in a research note published on Friday, November…
SPM® QEM 3000 Frac Pump continues to yield unsurpassed results
one of the world’s largest suppliers of pressure pumping equipment to the upstream market, today announced its SPM® QEM 3000 Frac Pump continues to yield unsurpassed results and savings in the field as it looks and performs like new after 3,200 hours of field-proven use in extreme conditions in the winter months in the Duvernay and Montney Shale Play in Alberta Canada.
J-Series Driveshafts for hydraulic fracturing pumps?
A leading global manufacturer of pressure pumping equipment for oil and gas applications needed a replacement heavy-duty driveshaft for its 2500 HP diesel-powered frac pump…
Saudi Aramco Plans to Invest $500 Billion over the next 10 years
Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.
Pemex adds 1B barrels of oil reserves in biggest onshore find in 25 years
Pemex triples estimate of Veracruz oil field’s reserves.
Pemex’s preliminary development plan includes drilling more than 40 development wells at a cost of more than $1.5 billion, Carlos Trevino, Pemex general director, said at an event Tuesday announcing Ixachi’s progress.
“The expected value of the total production of Ixachi is worth $40 billion,” Trevino said. “Based on these numbers, you can see how profitable this project will be.”
Halliburton (NYSE:HAL) has seen its stock price decline by almost 30% since early October
Halliburton (NYSE:HAL) has seen its stock price decline by almost 30% since early October, currently trading at about $31 per share. While the stock has…
