Good news for Permian Basin producers came on Thursday as Milestone Environmental Services announced it has begun construction on a RCRA-exempt oilfield waste disposal site in Reeves County in West Texas. Here is the text of the company's press release:
HOUSTON & MIDLAND, Texas – May 29, 2019 – Milestone...
Occidential Petroleum announced on Tuesday that it plans to sell off certain of Anadarko Petroleum's assets once the merger of the two companies is complete. In addition to the previously-announced sale of Anadarko's African LGN operations to Total, Reuters is reporting that Oxy plans to offer the company's Gulf...
OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to...
IMO 2020 is set to radically change the ecosystem of the world’s refined products with dramatic effects for both marine fuel suppliers and consumers. Unprecedented shifts in supply and demand and logistical challenges will upend the oil and gas value chain's status quo when the International Maritime Organization’s (IMO)...
Amy Chronis : Managing a Business Filled With Risk
Today’s oil and gas industry is one of the most high-tech businesses on the planet, an industry that consists of thousands of highly-competitive companies that adopt a growing array of new digital solutions every day of the week. Big business deals...
Midstream company Howard Energy Partners announced Friday that it has completed construction on an extensive gas gathering system in the Delaware Basin portion of the greater Permian Basin. The system is a joint project with WPX Energy, and includes extensive natural gas gathering capacity, two crygenic natural gas processing...
Crude oil traders were in a quandary last week: Do I believe there will be a shortage of crude oil because of increased tension in the Middle East, or do I believe there will be an oversupply because of increased tariffs implemented by the U.S. and China?
If there is...
A report issued this week by analytics firm Rystad Energy finds that North American tight oil/shale plays now ranks as the 2nd-least expensive source of crude oil on the planet. That finding represents a dramatic turnaround in just a few short years. As Rystad notes in its press release,...
A new report released on Wednesday by industry technology solutions firm DrillingInfo emphasizes the crucial role exports and infrastructure will play in the future growth of the U.S. oil and gas industry.
To emphasize the point, Bernadette Johnson, Vice President of Market Intelligence at Drillinginfo states that "Every incremental barrel...
The federal government has issued an extensive report that gives a gloom-and-doom assessment of civilization unless drastic measures are taken soon to stop climate change.
Of course, stopping, or even slowing, climate change is very difficult, if not impossible, because the climate has always changed and will continue to change.
The...
