Caterpillar Inc. has signed an agreement to acquire the Oil and Gas Division of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, Weir Oil and Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products. SourceContinue Reading

Will The Permian Stage A Miraculous Comeback? | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Oct 06, 2020, 5:00 PM CDT It is the crown jewel of the U.S. shale industry,...Continue Reading

Colombia Struggles To Overcome Its Oil Curse | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Oct 06, 2020, 4:00 PM CDT Colombia’s oil history began in...Continue Reading

The world’s largest owner of deep-water oil rigs recently engineered a bond swap to trim some of its $9 billion debt load and ease the crunch caused by slumping energy prices. But other creditors say the transaction amounts to a default because it pledges assets that Transocean already promised to them. SourceContinue Reading

NOV recently delivered the world’s longest and heaviest coiled tubing work string, which comprised 7.57 miles of continuously milled carbon steel tubing. SourceContinue Reading

Boris Johnson’s plan to quadruple the size of the UK offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters. SourceContinue Reading

Oil Prices Sink On Larger than Expected Crude Build | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Oct 06, 2020, 3:45 PM CDT The American Petroleum Institute (API) reported on Tuesday...Continue Reading

Natural Gas Offers Lifeline For Distressed Gulf Oil Giants | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Oct 06, 2020, 3:00 PM CDT Their budgets just don’t add up anymore. Oil-rich Arab nations are in the throes of...Continue Reading

Oil Prices And The Pandemic Will Force Gulf Banks To Merge | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Oct 06, 2020, 2:30 PM CDT The low oil prices and...Continue Reading

Oil Rallies On Stimulus Hopes | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and… More Info Premium Content By Josh Owens – Oct 06, 2020, 2:00 PM CDT Oil prices climbed higher at the start...Continue Reading