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GATE Energy acquires PDI Solutions

HOUSTON -- Houston-based GATE Energy announces the acquisition of PDI Solutions, LLC, headquartered in Schriever, La. PDI Solutions is a leading provider of a wide array of services in the operations, maintenance (OM), and inspections arena......【More】

2017-08-08

Oil prices fall on OPEC compliance jitters

NEW YORK, Aug. 3 (Xinhua) -- Oil prices fell on Thursday as investors were concerned about output rise from the Organization of the Petroleum Exporting Countries offset. The West Texas Intermediate for September Delivery lost 0.56 dollar to......【More】

2017-08-07

$50 oil "magic" boosts offshore drillers' hopes of competing with shale

HOUSTON (Bloomberg) --The magic of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land. And after more than three years of pain, that prospect has some investors excited. Transoce......【More】

2017-08-04

Venezuela to prepare workaround if U.S. bans oil imports

HOUSTON and CARACAS (Bloomberg) --Venezuelas state-owned oil company and its partners have quietly started working on a Plan B to find markets for the countrys crude oil if the White House ratchets up sanctions and bans imports. Venezuelas......【More】

2017-08-03

London, New York vie for Saudi Aramco IPO

DUBAI (Bloomberg) --Saudi Arabia aims to sell about 5% of Saudi Aramco in an initial public offering next year, and stock exchanges from the UK to Japan are vying forwhat may be the worlds richest IPO. The Saudi crown prince, Mohammed bin S......【More】

2017-08-02

Talos Energy completes drilling of Zama-1 exploration well, offshore Mexico

HOUSTON -- Talos Energy LLC, as operator, together with its joint venture partners Sierra Oil and Gas S. de R.L de C.V. and Premier Oil Plc, has announced that the Zama-1 exploration well, offshore Mexico, has completed drilling operations,......【More】

2017-08-01

Oil prices surge on falling U.S. inventories

NEW YORK, July 27 (Xinhua) -- Oil prices continued to soar on Thursday amid falling U.S. inventories. The West Texas Intermediate for September Delivery added 0.29 dollar to settle at 49.04 dollars a barrel on the New York Mercantile Exchan......【More】

2017-07-31

Oil prices soar after Saudi Arabia vows to cut exports

NEW YORK, July 25 (Xinhua) -- Oil prices continued to surge on Tuesday as major crude producer Saudi Arabia pledged to cap its exports to help ease the global oversupply. The West Texas Intermediate for September Delivery added 1.55 U.S. do......【More】

2017-07-27

Petronas halts $29-billion western Canada LNG project

CALGARY (Reuters) -- Malaysian state-owned energy company Petronas will not proceed with a proposed C$36-billion ($28.8 billion) liquefied natural gas (LNG) project in western Canada because of weak global prices, the company said on Tuesda......【More】

2017-07-26

Mexico's Pemex says $5-billion bond deal covers needs through 2018

MEXICO CITY (Reuters) -- Mexicos national oil company Pemex said on Monday that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018. Petroleos Mexicanos, as the company is formall......【More】

2017-07-25