Sam Clemens, better known by his pen name, Mark Twain, is credited with having said “Reports of my death have been greatly exaggerated,” or something very near that. Those predicting the demise of the U.S. shale oil and gas industry in the wake of the dramatic drop in oil prices that began last summer should […]
It’s no coincidence that the proposed merger of the second- and third-largest oil field services is coming together against the backdrop of the biggest drop in oil prices in nearly five years. No. 2 Halliburton and No. 3 Baker Hughes reached agreement in mid-November on a $34.6 billion deal that would, upon consummation and the […]
There’s a good news/bad news situation developing in the price of oil.
The Obama Administration may have effectively stalled – for now – the Keystone Pipeline, but Toronto-based pipeline and distribution giant Enbridge is moving to demonstrate that Washington cannot entirely block the flow of heavy Canadian Tar Sands crude in the United States.
Oil and gas production in Texas has risen to near-record levels thanks to higher-than-anticipated crude prices and gas production that are, at least partially, a product of increased global instability and geopolitical turmoil.
Despite the mushrooming civil war in Iraq, led largely by the insurgent organization known as the Islamic State in Iraq and Syria (ISIS), Americans are paying scarcely more to fill up their cars today than they were a month ago. This is especially surprising, considering that Iraq is the world’s fifth-largest oil-producing nation.
After decades of hovering just above the level of irrelevancy – not to mention insolvency – the global commercial rotorcraft industry is entering a new golden era of design, production and sales thanks to the oil and gas industry. More specifically, the explosion in unconventional exploration from deep-water offshore platforms is the catalyst to this […]
A new proposal limiting the movement of fossil fuels in San Francisco goes before city officials San Francisco may soon wage war against the powerful fossil fuel industry and limit exports of coal and petroleum coke. If the San Francisco Environment Commission agrees to a proposal presented Thursday, city leaders will then be brought in […]
Baker Hughes Inc. says it will become the first major oil field services company to stop ignoring the elephant in the room and begin disclosing all the chemicals it uses in its hydraulic fracturing operations. Rivals Schlumberger and Halliburton, the largest and second-largest service companies, respectively, have not yet commented on when, or whether they […]
Nineteen months and counting. The United States’ involvement in World War II – the greatest undertaking in the history of mankind – lasted 45 months. But it has been 64 months since TransCanada asked the U.S. government for permission to build a 1,179-mile long pipeline from northern Alberta, Canada, to Steele City, Neb. From there, […]