Archive | February, 2017

Venture Global LNG Selects GE Oil & Gas Advanced Technology Plant-Wide Solution…

            Venture Global LNG selects GE Oil & Gas advanced technology plant-wide solution for LNG export facilities under develop. in Louisiana   WASHINGTON, D.C. February 21, 2017 – Venture Global LNG, Inc. has selected GE Oil & Gas as a strategic partner to provide a plant-wide technology solution for its […]

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PESA Welcomes New Member Companies

Please join us in welcoming two new members to PESA: BJ Services and Industrial Tax Consulting. BJ Services is a hydraulic fracturing, pressure pumping and cementing business headquartered in Tomball, Texas, with operations strategically located throughout North America. BJ Services’ President and CEO is Warren Zemlak.   Industrial Tax Consulting is a premier leader in […]

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Rig Count Hops Up 12; Permian Basin Again Drives Rise

The number of oil and gas rigs in U.S. fields rose again this week, up 12 or about 170 over the past three months. This week’s count marks the fourth increase in a row, and a boom of more than 335 rigs since the count fell to its recent low, last spring. U.S. oil drillers […]

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Dakota Access Pipeline Gets Final Go-Ahead

  The Dakota Access pipeline project, hampered by months of protests that led to a suspension by the Obama administration, has now received the approval of the U.S. Army, after President Trump signed an executive order allowing the project to proceed. According to a court filing, the Army will issue a permit for the final […]

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Oil Prices Tank After API Reports 2nd Biggest Crude Build In U.S. History

U.S. crude oil inventories increased by a whopping 14.227 million barrels, according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, pressing down further on already falling prices. The build is the second largest build in U.S. history, according to Zerohedge. Analysts were anticipating a much more conservative crude oil inventory […]

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Gas Discovery Near North Sea Valemon Field

  Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent. “This is an important discovery for the further development of Valemon,” says Gunnar Nakken, Statoil’s senior vice president for […]

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Another Win For Big Oil: House Removes Transparency Rule

The Republican-dominated House of Representatives yesterday moved to repeal a rule that requires oil companies to report on their payments to foreign governments, including taxes and royalties from their activities in these countries. The rule, part of the Dodd-Frank Act, was devised and approved two years after the 2008 crisis, aiming to make public energy […]

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