Archive | March, 2017

Appeals Court Decision Places Colorado’s Environmental and Economic Goals at Risk

Appeals Court Decision Places Colorado’s Environmental and Economic Goals at Risk DENVER, March 29, 2017 – Colorado Petroleum Council Executive Director Tracee Bentley today said that Colorado is a national leader not only in producing oil and natural gas but also in protecting the environment. “As the seventh largest producer of oil and natural gas […]

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The DNA of Oil Wells: U.S. Shale Enlists Genetics to Boost Output

A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world’s top exporters. Shale producers have slashed production costs as much as 50 percent over two years, […]

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CK Power is Awarded the Exclusive Kubota Engine Distributorship for Oklahoma and North Texas

  CK Power is excited to announce that the company has been awarded exclusive Kubota engine distributorship for Oklahoma and North Texas. The new territory expansion joins CK Power’s existing Kubota territory of Eastern Missouri, Arkansas, Southern Illinois, Western Kentucky and Western Tennessee. “We are very excited about the new territory, we look forward to […]

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Analysis: Crude Likely To Hit $60 In Second Quarter

Crude’s latest decline has thrown the market into a mild panic. Higher than expected inventories combined with bearish commentary from the Saudi oil minister last week have cost crude prices roughly 10% since March 8. If nothing else, recent trading days have reflected a psychologically fragile oil market. With all of the current geopolitical unknowns, […]

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Canadian UAVs Completes The First BVLOS Pipeline and Powerline Inspections in Canada, Ushering in New Age of Unmanned Aviation & Industrial Compliance

  FOREMOST, AB, March 14, 2017 /CNW/ – Regular Beyond Visual Line Of Sight (BVLOS) operations significantly advance as Canadian UAVs and Lockheed Martin CDL Systems completes the first BVLOS pipeline, well site and power line inspections using the Transport Canada Compliant Lockheed Martin Indago 2 at the Foremost Testing Range. Canadian UAVs seeks to provide its’ […]

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One of the First US Refineries to be Built in 40 years Planned for Permian Basin

AUSTIN, Texas — MMEX Resources Corp., a global energy company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced that it plans to build a $450 million, 50,000-bpd capacity crude oil refinery in the West Texas Permian Basin, subject to the receipt of required […]

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Norway Buries Oil-tax Incentive as Crude Crisis Seen Moving On

Norway’s government won’t propose any tax incentives for oil companies to boost recovery at aging fields and marginal offshore discoveries before parliamentary elections later this year. “There are no planned initiatives related to this,” Petroleum and Energy Minister Terje Soviknes said in an interview in Trondheim on Tuesday. “My experience is that the market for […]

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US Oil Rig Count Rises for 7th Straight Week, Baker Hughes Says

The US oil-rig count rose by seven to 609 this week, according to oilfield-services giant Baker Hughes. The gas rig count fell by five to 146. With miscellaneous rigs unchanged at one, the total rig count rose by two to 756. Last week the tally of oil rigs rose by six. West Texas Intermediate crude oil futures […]

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Gastech Exhibition & Conference 2018, 17-20 September 2018, Fira Barcelona, Gran Via Venue

              Gastech Exhibition & Conference 2018, 17-20 September 2018, Fira Barcelona, Gran Via Venue Barcelona, Spain has been announced as host city to the world’s largest natural gas & liquefied natural gas (LNG) event – the Gastech Exhibition & Conference – when it will return to Europe between 17-20 […]

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