Big Oil back on the acquisition trail as outlook brightens

The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have announced 11 deals worth more than $500 million each with a combined value of $31 […]

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ConocoPhillips Announces Willow Discovery in National Petroleum Reserve

ANCHORAGE, Alaska – ConocoPhillips Alaska Inc. today announced a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the northeast portion of the National Petroleum Reserve – Alaska (NPRA). The Willow discovery wells, Tiŋmiaq 2 and 6, were drilled in early 2016 and encountered 72 feet and 42 feet of net pay, […]

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GE announces Transocean performance-based service agreement

Innovative approach sets out to increase uptime, provide closer customer collaboration Houston, January 11, 2017: Today, GE Oil & Gas (NYSE: GE) announced a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean. The agreement, signed at the end of 2016, aims to further maximize productivity and lower operating costs for Transocean. […]

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Trumps Energy Pledge

In a single day in November, the most radically effective and sweeping environmentalist movement in U.S. history ended. Not only did it come to a halt, but some of its gains in the past eight years will likely be swept from history. In one day, with control of both houses of Congress and the election […]

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MACHINERY AUCTIONEERS ABILENE AUCTION RECAP. OIL EQUIPMENT AUCTION SHEDS LIGHT ON INDUSTRY

  TYE, TEXAS – Those in the oil patch said that things are looking up. A machinery auction with oilfield equipment was held in Tye Tuesday. Leaders in the industry from around the state were there. Over $1.5 million was expected to be spent on the equipment. Industry leaders in the oil patch said they’re […]

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Drill, baby, drill — U.S. oil industry expected to boost spending

The oil industry is expected to boost spending for the first time in three years after slashing almost half a million jobs globally during the downturn, according to industry consultant Graves & Co. More than three quarters of the 440,131 oil jobs eliminated around the world through the end of 2016 came from the oilfield […]

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A December to remember – the biggest US drilling gain in three decades

A December to remember – the biggest US drilling gain in three decades U.S. land drillers sent 2016 packing with a bang. Since May, the drilling recovery has looked exceptionally strong on a percentage basis. The December trend looked exceptionally strong on an absolute basis, too, with 65 U.S. rigs returning to work. December 2016 […]

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PESA News-Jean Gould Joins PESA Staff as Sr. Director, Public Policy

Jean Gould Joins PESA Staff as Sr. Director, Public Policy We are pleased to announce Jean Gould has joined the PESA Staff as senior director of public policy. Gould brings more than 25 years of government and public affairs experience, managing public policy issues at the state, national and international levels. In this role, Gould serves […]

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A New World Order Is Emerging In Natural Gas

Brazil’s Petrobras and partners produced their billionth barrel of oil from presalt fields this month. Underlining one of the biggest shifts to happen this decade in global crude output. And news yesterday suggests we may be about to see another mega-shift in energy. In the worldwide natural gas business. That was a deal struck by […]

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2017: ‘The Permian’s year’ Oil workers anticipate continued recovery in standout region

    Around February, when oil prices bottomed at about $26 a barrel, Silverado Contracting on Highway 385 found themselves with less than half the 20 workers who turned dirt during the boom. Kevin Shifflet, the yard manager for the company on Highway 385, said they struggled to find 40 hours worth of work in […]

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VOLVO’S E-SERIES PIPELAYERS LIFT PRODUCTIVITY, SAFETY AND VERSATILITY TO NEW HEIGHTS

The PL4809E rotating pipelayer from Volvo Construction Equipment delivers superior performance capabilities, thanks to its excavator-based design and high-tech features.               As arguably the highest performing machines in their segments, it should come as no surprise that the rotating pipelayers from Volvo Construction Equipment are packed with a host […]

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PESA News – PESA HSE Committee Prioritizes Key Industry Issues

PESA HSE Committee Prioritizes Key Industry Issues The PESA HSE Committee focuses throughout the year on legislation or regulations that impact PESA member companies and/or their customers in the areas of health, safety and environment.  This committee also works on independent research projects for publication by PESA. One of the issues the committee addressed in […]

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