Archive | January, 2018

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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Oil Prices Post Strongest January Opening Since 2014

Oil prices posted their strongest opening to a year since 2014 on Jan. 2, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures traded flat at around $60.40 by 6 a.m. CST (12 GMT) after hitting […]

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