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GEODynamics consolidates reactive perforating technology IP

FORT WORTH, Texas -- GEODynamics, Inc. announced today it finalized payments of all future royalties to QinetiQ Group, PLC toward the portfolio of U.S. and international patents related to reactive oil and gas well perforating. GEODynamics......【More】

2017-10-11

Oilfield service companies form Well Performance Network

HOUSTON -- A new micro-alliance between multiple technology-driven service companies, collectively called the Well Performance Network (WPN), launched today, to revolutionize well construction and completion to deliver longer-lasting wells.......【More】

2017-10-10

Oil posts biggest weekly drop since May, storm concerns ease

NEW YORK (Bloomberg) --Oil took a downward turn as concerns eased about Tropical Storm Nates threat to offshore crude platforms and coastal refineries while prices broke through a key technical barrier. Futures slipped 3% in New York, bring......【More】

2017-10-09

Oil prices retreat from recent gains

NEW YORK, Sept. 28 (Xinhua) -- Oil prices fell on Thursday after gaining sharply in the past two weeks. The West Texas Intermediate for November Delivery dropped 58 U.S. cents to settle at 51.56 dollars a barrel on the New York Mercantile E......【More】

2017-09-30

Shale drillers, oil sands producers need crude above $50/bbl for boom to last

CALGARY (Bloomberg) --Shale drillers and oil sands producers have posted some healthy profits so far this year, but itll take oil consistently above $50/bbl for their investments to pay off in the long run. Thats the conclusion of a Moodys......【More】

2017-09-29

Oil prices fall on profit-taking

NEW YORK, Sept. 26 (Xinhua) -- Oil prices declined on Tuesday as investors took profits from recent rally. The West Texas Intermediate for November Delivery lost 34 U.S. cents to settle at 51.88 dollars a barrel on the New York Mercantile E......【More】

2017-09-28

Oil rally puts bulls on top, but $60-plus oil could be tough to sustain

LONDON and SINGAPORE (Bloomberg) --Oil bulls are back in the drivers seat with $60/bbl in sight, but it could be a short ride. OPEC and Russia are cutting output deeper than ever, demand is surprisingly strong and the threat of Middle East......【More】

2017-09-27

Block Energy acquires 100% interest of two fields in Georgia

LONDON -- Block Energy, an exploration and production company focused on the Republic of Georgia, has announced that it has agreed to acquire the outstanding 31% working interest in, and to become operator of the countrys Norio field via a......【More】

2017-09-26

Transocean retires six floaters

ZUG, Switzerland -- Transocean announced today its intent to retire the ultra-deepwater floaters GSF Jack Ryan , Sedco Energy , Sedco Express , Cajun Express , and Deepwater Pathfinder , and the deepwater floater Transocean Marianas . The r......【More】

2017-09-25

IPAA responds to dismissal of hydraulic fracturing rule case

WASHINGTON, D.C. -- Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued a statement in response to a U.S. appeals courts dismissal of a hydraulic fracturing rule case. The U.S. Court of Appeals for the......【More】

2017-09-22