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Exclusives

Schlumberger cuts more jobs in first quarter

Schlumberger cuts more jobs in first quarter

Schlumberger slashed another 2,000 jobs in the first quarter as the energy industry navigates turbulent market conditions. The company’s global workforce now numbers about 93,000, according to Schlumberger spokesman Joao Felix. “The decline in global activity and the rate of activity disruption reached unprecedented levels as the industry displayed clear signs of operating in a full-scale cash crisis,” Chairman and ...

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Top Eagle Ford news stories: April 15-22

Top Eagle Ford news stories: April 15-22

A deadly explosion devastated a Mexican community and low gasoline prices continue to cause problems in the Gulf states. Scroll down to recap this week’s top Eagle Ford news headlines. 5. ‘Hard choices’ in Texas as oil bust, costly lawsuits collide HOUMA, La. (AP) — It might sound strange, but the penny-pinching folks in Louisiana’s Oil Patch can’t wait for ...

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Oil majors show interest in Mexico’s offshore auction

Oil majors show interest in Mexico's offshore auction

Mexico’s forthcoming auction of offshore oil and gas fields is drawing significant interest, according to a report by Fuel Fix. So far, 21 companies have asked to review data on fields within Mexico’s territorial waters in the Gulf of Mexico. Major oil companies, such as ExxonMobil, BP, and Chevron, have expressed interest in the available fields. The country will auction ...

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Bakken crude sold as export first time since ban lifted

Bakken crude sold as export

Hess Corp. confirmed last week that it has sold Bakken crude to a buyer in Europe, the first shipment of North Dakota’s light crude since U.S. Congress lifted the decades-old oil export ban last December. As reported by Reuters, the shipment consisted of 175,000 barrels of Bakken crude. In early April the crude was loaded at a terminal in St. ...

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Equipment rental offers economic benefits in low price environment

Light Tower Rentals, equipment rental

Oilfield operators are struggling to operate efficiently in today’s challenging environment. To avoid large capital expenditures and maintenance costs, more and more operators are shifting from buying equipment to equipment rental. Renting equipment provides customers with certainty because the costs to rent are predictable, and the rental company handles the maintenance, repair and delivery, which are variable expenses that can ...

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Why fracking matters to the New York Primary

fracking new york primary

Although it won’t be on the ballot, the New York primary could become a referendum on fracking. With passions running high both for and against the technology used to produce oil and natural gas, the candidates’ positions on fracking could affect the New York primary’s outcome. Both Democrat candidates oppose fracking. In the seventh debate, Sen. Bernie Sanders stated he ...

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Top 5 Bakken news stories – April 9-15

Check out what stories our readers found most engaging this week with our top five recap. Happy Friday! 5. Governor says North Dakota is weathering energy, ag slump BISMARCK, N.D. (AP) — North Dakota Gov. Jack Dalrymple says the state’s economic strength and diversified economy is helping to weather fluctuations in the energy and agriculture industries. Dalrymple spoke Wednesday at the state’s ...

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Top Eagle Ford news stories: April 8-15

Eagle Ford news

A variety of headlines hit the site this week. Trade, tragedies, theft and more. Take a look at the top Eagle Ford news stories from the past week. 5.) Stricter offshore drilling rules issued, upsetting industry NEW ORLEANS (AP) — The Obama administration issued new rules Thursday to make oil and natural gas offshore drilling equipment safer and to reduce ...

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Top Marcellus news stories: April 8-15

Top Marcellus news stories: April 8-15

Review the top Marcellus news stories from the past week. During a swing through New York, presidential candidate Bernie Sanders said he wants to eliminate fracking, and tragedy struck the oil industry as two workers were killed while repairing a Texas pipeline. 5.) Chevron announces more Houston job cuts Chevron plans to cut 655 Houston jobs as part of a ...

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