More Oil & Gas News

US offshore rig count remains steady at 25

May 4, 2016

The US Gulf of Mexico rig count remains steady at 25, according to the Baker Hughes Weekly Rig Count of April 29, 2016.

Craig Mann took photos on various locations of the rig he worked on, including the drill floor, bridge, and galley. Then he put his love of the Star Wars franchise and his Photoshop skills to good use in a lighter look at the offshore oil & gas industry.

Come to the rig side: When Star Wars goes offshore

May 3, 2016

Craig Mann took photos on various locations of the rig he worked on, including the drill floor, bridge, and galley. Then he put his love of the Star Wars franchise and his Photoshop skills to good ...

Statoil ASA has entered into an agreement with Lundin Petroleum to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum.

Statoil ASA to increase its ownership in Lundin Petroleum AB through swap agreement

May 3, 2016

Statoil ASA has entered into an agreement with Lundin Petroleum to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum.

Valero Energy's first-quarter adjusted profit missed analysts' estimates, as the oil refiner contended with lower product margins.

Valero Energy 1Q adj. profit misses analysts' estimates

May 3, 2016

Valero Energy's first-quarter adjusted profit missed analysts' estimates, as the oil refiner contended with lower product margins.

A pipeline company says it expects $62 million in fines and penalties related to a 2010 Michigan oil spill.

Enbridge predicts $62M in fines, penalties tied to oil spill

May 3, 2016

A pipeline company says it expects $62 million in fines and penalties related to a 2010 Michigan oil spill.

Colorado's battle over who should regulate fracking — and how much — now shifts to the November election after the state Supreme Court overturned attempts by local governments to impose their own rules.

Colorado's battle over regulating fracking shifts to ballot

May 3, 2016

Colorado's battle over who should regulate fracking — and how much — now shifts to the November election after the state Supreme Court overturned attempts by local governments to impose their own r...

Pennsylvania highway damaged by gas blast still being fixed

May 3, 2016

A rural highway damaged when a natural gas pipeline exploded into a fireball in western Pennsylvania will remain closed for repairs for at least a few more days.

A new total solution jack-up was introduced at OTC in Houston this week. DG Jack is the result of a collaboration between Damen and GustoMSC.

Damen and GustoMSC introduce DG Jack at OTC 2016

May 3, 2016

A new total solution jack-up was introduced at OTC in Houston this week. DG Jack is the result of a collaboration between Damen and GustoMSC.

The University of Alberta’s Reservoir Geomechanics Research Group in the Department of Civil and Environmental Engineering has partnered with Ikon Science and RokDoc software to deploy the leading rock property prediction software department wide.

The University of Alberta partners with Ikon Science for Reservoir Geomechanics Research

May 3, 2016

The University of Alberta’s Reservoir Geomechanics Research Group in the Department of Civil and Environmental Engineering has partnered with Ikon Science and RokDoc software to deploy the leading ...

Statoil has agreed to divest its operated properties in the US state of West Virginia to EQT Corporation for USD 407 million in cash.

Statoil divests assets in the Marcellus

May 3, 2016

Statoil has agreed to divest its operated properties in the US state of West Virginia to EQT Corporation for USD 407 million in cash.