Archive | January, 2018

Industry Leaders to Highlight Importance of Diversity & Inclusion at AOG 2018

There is no doubt that diversity and inclusion in the workplace are now considered C-level issues, and key leaders in Australia’s oil and gas sector are amongst those who are pushing that message. The importance of diversity and inclusion in the oil and gas workplace will be a major feature at AOG 2018, with some […]

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Oil Rises 1.8% To $65.61, Setting New 3-Year Closing High After 10th Straight Drop In US Crude Stockpiles

U.S. crude prices topped $65 a barrel for the first time since December 2014. Oil prices turned higher after the U.S. government reported the tenth straight weekly drop in U.S. crude stockpiles. U.S. crude prices topped $65 a barrel for the first time in more than three years on Wednesday after government data showed the […]

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U.S. Oil Prices May Climb to $80 This Year

WTI prices haven’t settled at $80 since Halloween 2014 Tightening global supplies and rising demand for crude oil helped prices for the commodity start the year with a bang—hitting their highest levels in more than three years—and many analysts believe the market has the fuel it needs to continue the rally to as high as […]

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World’s Newest Liquefaction Terminal Opens Doors to WGC 2018 Delegates

                   The 27th World Gas Conference (WGC 2018) takes place in Washington DC from June 25-29, 2018 and is the first time in WGC’s 87 year history that it will be held in a country that is both the world’s largest gas consumer and gas producer. As […]

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AOG 2018 Collaboration Forum Features Key Industry Decision Makers

Western Australian Premier Mark McGowan MLA will headline an impressive list of industry and government speakers when the much anticipated AOG 2018 Collaboration Forum kicks off on Wednesday 14 March at the Perth Convention & Exhibition Centre. The inaugural AOG Collaboration Forum was a critical success in 2017, and this year’s version is set to maintain that […]

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Parsley CEO Sheffield Stepping Into New Role In 2019; Successor Named

     Starting in January 2019, Bryan Sheffield will step back from the CEO role at Parsley Energy Inc. (NYSE: PE), the company he helped found and grow from a fledgling E&P to Permian Basin powerhouse in roughly 10 years. Sheffield will remain as CEO until 2018, at which point he will become executive chairman. He […]

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Arcanum (Raven) Announces Butene-1 Expansion Plans

HOUSTON,  Arcanum (the Company) today announced plans for expansion of its Butene-1 production complex. The Company’s flagship project, Raven, an on-purpose Ethylene-to-Butene-1 processing facility, is currently under construction in Baytown, Texas. Permitting and other development efforts are now underway which would enable two additional on-purpose Butene-1 production facilities at the same location. The Raven facility has secured […]

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Nostra Terra Oil and Gas Secures US$5mln Funding Deal

“We’re excited to be working with such a strong energy lender as Washington Federal that endorses our plans to grow production, cash flow, and the size of the facility.”   Nostra Terra Oil and Gas Company plc (LON:NTOG) shares edged higher on Monday after the company announced that it received approval for a new US$5mln […]

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CK Power Tier 4 Final 10-45kW (12-56kVA) Commercial Portable Generator Sets

CK Power is excited to announce its line of Diesel and NG/LP Commercial Portable generator sets. The Commercial Portable kW range is 10-45kW (12-56kVA). The diesel fueled units meet Tier 4 Final EPA and CARB certified requirements. The NG/LP fueled units will meet wellhead and pipeline EPA certified requirements. The Commercial Portable generator set line […]

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New Mexico Moves Up in Oil & Gas Rankings

        ALBUQUERQUE — Thanks to more barrels of oil being pumped monthly from the Permian Basin, New Mexico is among the nation’s top producing states. Industry officials in New Mexico on Wednesday celebrated the latest figures released by the U.S. Energy Information Agency, saying investment by energy companies in the state worth […]

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ESG Solutions Powers Innovative Well Completion Evaluations for Hydraulic Fracturing

ESG Solutions, an industry leader in microseismic solutions for the oil and gas and mining industries, has developed advanced analytical applications for microseismic data that helps operators understand the effectiveness of different fracturing techniques, and predict the capability of a fracture network to sustain the flow of hydrocarbons back to the well. The study on […]

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Schlumberger Buys Weatherford’s US Fracturing Assets

Weatherford has sold its US pressure pumping and pump-down perforating assets to Schlumberger for $430 million in cash, abruptly ending a planned joint venture that was to begin operations on 1 January. The parties agreed to revised deal terms that reflect an asset sale, abandoning the previously announced OneStim joint venture that had received US […]

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