Welltec has been awarded a crucial role in a project funded by the US Department of Energy and led by the University of Oklahoma, to illustrate that near-field Enhanced Geothermal Systems can be successfully deployed. SourceContinue Reading

The service equips subscribers with detailed project data for key industry segments, including hydrogen, renewable energy, downstream, midstream, and LNG. With researchers based in Asia, Europe and North America, the service also covers the latest project news in an easy-to-digest, accessible format. SourceContinue Reading

There are several ways Biden could halt fracking on federal lands using executive power. He could ban new oil and gas leases, halt new permits, or seek a specific regulatory ban on fracking, all of which Biden has telegraphed at one point or another on the campaign trail. SourceContinue Reading

Exxon’s stock has plunged 52% this year and the company all but ended its aggressive, $30 billion-a-year counter-cyclical growth strategy. Rivals such as BP and Chevron have also announced large layoffs in recent weeks. SourceContinue Reading

Environmental groups sued the Trump administration for its “failure to comply” with the Endangered Species Act, assailing as “arbitrary and capricious” a long-awaited assessment of the harm offshore oil and gas drilling could do to wildlife. SourceContinue Reading

Domestic gasoline inventories rose 1.9 million barrels last week, the biggest increase since May, while a measure of gasoline consumption slid to the lowest since late September, according to an Energy Information Administration report. The mounting fuel supplies and lackluster demand may worsen during the normally sluggish winter driving months. SourceContinue Reading

Aggreko’s solutions allow oil and gas operators to repurpose this gas to provide power for their operations, saving money on fuel costs and reducing their net carbon emissions. SourceContinue Reading

Varel International Energy Services, a long-standing provider of drilling and downhole solutions, announced their settled litigation with Taurex Drill Bits, including claims of intellectual property infringement for specific drill bit technology. SourceContinue Reading

After a slow start to the year as the coronavirus crisis disrupted plans across the industry, asset-sale activity in the North Sea has picked up in the second half. SourceContinue Reading

“There’s only going to be three or four independents that are investable by shareholders” after the recent market rout, Pioneer CEO Scott Sheffield said on a conference call with analysts. “The best companies have been picked off the past few weeks.” SourceContinue Reading