News
Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells
A junior Canadian gas E&P company has shut down abruptly.
Chevron Backs Its Anadarko Deal
Chevron's signed agreement with Anadarko provides provides the best value and the most certainty to Anadarko's shareholders, according to Chevron.
Trump to Ease Offshore Drilling Rules Imposed After Deepwater Horizon Disaster
The Trump Administration is set to ease some of the rules, such as allowing third parties to inspect and certify the so-called blowout preventers at offshore oil platforms.
Logan Industries Expands Land Rig Equipment Services Into West Texas
Logan Industries, a hydraulic repair, manufacturing and rental company, has expanded its land rig equipment services capabilities into West Texas, U.S.
GE's Baker Hughes Reports Surprise Negative Free Cash Flow, Shares Fall
Baker Hughes on Tuesday posted negative free cash flow of $419 million, compared with analysts' estimates of a positive $188.5 million.
Americans Need More Oil and Natural Pipelines
Predictions for future U.S. oil and natural gas production continue to increase.
Chevron and Occidental Start Bidding War for Anadarko
Occidental Petroleum is offering to buy Anadarko at a higher price than the one Anadarko had accepted from Chevron.
Halliburton Wins Offshore Brazil Contract
Halliburton wins a three-year contract, which includes a two year extension.
ConocoPhillips Exits UK Oil and Gas Production in Huge $2.7 Billion North Sea Sale
ConocoPhillips agrees to sell UK subsidiaries for $2.675 billion to Chrysaor E&P, a company focused on producing oil and gas from the North Sea.