Cairn Energy finds a dry well in Gulf of Mexico.
CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico. Edinburgh-based Cairn told investors yesterday that drilling on the last...
Houston confronts one-two punch of COVID-19 and oil bust
Many energy jobs typically pay twice as much as other local employment and “once you start to cut those jobs out, you are taking a...
SW China’s Sichuan Province reported natural gas discovery
SW China’s Sichuan Province has reported the discovery of a natural gas field potentially containing over one trillion cubic meters of natural gas....
Oil turns lower, snapping five-day winning streak
Data from the U.S. Energy Information Administration released Wednesday showed that for the week ending May 1 inventories rose by 4.6 million barrels, which was...
seekingalpha.com Really likes Liberty Oilfield Services
LBRT has very low leverage, which is a significant advantage compared to some of the leveraged oilfield services players. However, its low cash flow is...
ValTek Employees working hard over the weekend swapping fluid ends
ValTek Employees working hard over the weekend swapping fluid ends for their customers. read more about valtek 4311 N. County Rd. W Odessa, TX 79764...
PetroChina makes giant oil, gas find in Xinjiang
Chinese state media on Thursday announced the discovery of a massive oilfield, 1.7 billion barrels of hydrocarbon potential in Tarim Basin, located in the Xinjiang...
U.S. banks are preparing to start seizing the shale oil assets of companies
U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today. Major U.S. lenders are preparing to become operators...
President Of Mexico López Obrador and Trump Make A Deal
President Donald Trump said the United States would cut its oil production to assist Mexico in keeping alive a deal between OPEC and other oil-producing...
Mexico Rejects OPEC Plan To Cut Oil Production
Mexico wants the Markets to dictate the price of oil, like Capitalism, should work. While others are already cutting sizeable chunks of their planned spending...
Oil prices turned negative, giving back a more than 12% gain
Oil prices turned negative, giving back a more than 12% gain, as the Street awaited details on production cuts from OPEC and its allies, known...
Crude oil sells below $6 per barrel in some parts of Texas
A report states, while crude oil is selling for more than $25 per barrel on the New York Mercantile Exchange, “WTL Midland, a type of...
OPEC EMERGENCY MEETING
OPEC and its allies will likely postpone the emergency meeting to April 8 or 9, sources say. A meeting of the Organization of the Petroleum...
Russia’s Putin: US must join in the reduction pact for any new deal
Vladimir Putin said a cut to Crude oil production of about 10m barrels a day is possible, but only if all major oil-producing countries follow....