Oil & Gas News

Exxon reports smallest profit since 1999

Jul 29, 2016

Lower oil prices continue to punish Exxon Mobil Corp., which reported its weakest quarterly p...

U.S. officials announced plans Thursday to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average amid an ongoing price slump.

US to speed oil, gas permits amid sharp drop in applications

Jul 29, 2016

U.S. officials announced plans Thursday to speed up permitting for oil and gas drilling on fe...

Statoil acquires operated interest in Brazilian offshore licence containing a subs...

Jul 29, 2016

Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF:...

Vermilion Parish is suing dozens of oil and natural gas companies over damage the parish's district attorney says drilling caused to the coast.

Vermilion sues oil and gas companies over coastal damage

Jul 29, 2016

Vermilion Parish is suing dozens of oil and natural gas companies over damage the parish's di...

Chevron Corporation (NYSE: CVX) today reported a loss of $1.5 billion ($0.78 per share – diluted) for second quarter 2016, compared with earnings of $571 million ($0.30 per share – diluted) in the second quarter of 2015.

Chevron Reports Second Quarter Loss of $1.5 Billion

Jul 29, 2016

Chevron Corporation (NYSE: CVX) today reported a loss of $1.5 billion ($0.78 per share – dilu...

Italian oil and gas company Eni says second-quarter losses widened to 446 million euros ($494 million) due to a prolonged downturn in low oil prices as well as oversupply and overcapacity in the gas and refining sectors.

Eni's 2Q losses widen in weak market

Jul 29, 2016

Italian oil and gas company Eni says second-quarter losses widened to 446 million euros ($494...

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Operational Analytics in the Power Industry

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During the preceding prolonged Oil boom with Crude near $100/bbl the Unconventional Oil & Gas industry emerged and grew rapidly. The focus at that time was to maximize the p...

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PennEnergy Webcasts

Learn how Associated Electric Cooperative Inc. is Increasing Asset Reliability

AECI is an Electric Co-Operative with power generating assets located in Missouri, Oklahoma, and Arkansas.   As the owner of two coal-fired plants, they are subjected ...

Predict Asset Failure and Reduce Unscheduled Downtime with Predictive Maintenance

Join us for a webinar to learn how predictive analytics can help companies improve asset reliability, availability and performance. The webinar will feature sample customer succ...

Multi-discipline Power Plant Design: How MWH Global Reduced Lifecycle Costs and Improved Safety

Join us and learn how MWH Global, when faced with the need for a design environment that enabled end-to-end collaboration, employed intelligent, 3D multi-discipline plant design...

Reduce Your Audit Risk: 7 Steps to Survive Motor Fuel Tax Compliance

Join us as we address the seven biggest taxation challenges facing fuel suppliers, distributors and retailers. We will discuss tactical tips you can use to overcome these obstac...

Career News

As Michigan's economy continues to grow and become more competitive, the ability to find candidates with the right skills and experience remains a challenge for businesses. DTE Energy and the DTE Energy Foundation, the philanthropic arm of DTE Energy, are providing opportunities for 1,000 young adults and teens to obtain the skills and knowledge to fill jobs in Michigan.

DTE Energy and the DTE Energy Foundation provide 1,000 summer jobs for young people across Michigan

Jul 21, '16

As Michigan's economy continues to grow and become more competitive, the ability to find candidates with the right skills and experience remains a ...

Hundreds of local jobs in the construction trades will be created as Dominion Virginia Power prepares to build three separate large-scale solar power facilities in Virginia.

Three Dominion Virginia Power solar power facilities to generate 800 construction jobs in Virginia

Jul 13, '16

Hundreds of local jobs in the construction trades will be created as Dominion Virginia Power prepares to build three separate large-scale solar pow...

Fewer Americans sought unemployment benefits last week, a sign that employers are hanging on to workers despite a sluggish economy.

Fewer Americans applied for jobless benefits last week

Jun 9, '16

Fewer Americans sought unemployment benefits last week, a sign that employers are hanging on to workers despite a sluggish economy.

API Executive Vice President Louis Finkel claims that pro-energy policy is the best starting point for any plan to reduce poverty in America and turn our still-struggling economy around.

Energy jobs key to addressing poverty, wage stagnation

Jun 8, '16

API Executive Vice President Louis Finkel claims that pro-energy policy is the best starting point for any plan to reduce poverty in America and tu...

Oil & Gas Wire News

TRC Supports Clean Line Energy to Bring Renewable Energy to Mid-South and Southeast

Jul 29, 2016 TRC Supports Clean Line Energy to Bring Renewable Energy to Mid-South and Southeast

Hess Corporation's 10 Top-Valued Projects Reflect Plans to Grow Amid Downturn in O...

Jul 29, 2016 Hess Corporation's 10 Top-Valued Projects Reflect Plans to Grow Amid Downturn in Oil Prices, ...

KBR Announces Solid Second Quarter 2016 Earnings

Jul 29, 2016 KBR Announces Solid Second Quarter 2016 Earnings
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PennEnergy Microblog

Future Oil & Gas Supply-Potholes & Options

Rafael Sandrea, Ph.D. and President of IPC Petroleum Consultants, Inc., provides insights into US natural gas supply in his microblog,
Future Oil & Gas Supply-Potholes & Options.

Click here to read "US Natural Gas Supply -- A Balancing Act"

Click here to read "Natural Gas Supply -- Potential Setbacks"