Archives for 2016
C&J hopes to restructure, avoid bankruptcy under another CEO
The struggling oil field services is teetering on the brink of financial survival under its third CEO in four months after the sudden death of its founder, Josh Comstock, in March and the rapid ouster...
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EIA: Oil production in continental U.S. has fallen sharply since 2015 peak
HOUSTON – Oil production in the nation’s lower 48 states has dropped by 800,000 barrels a day in the 12 months after it peaked, one of the biggest reasons why the world’s oil glut has...
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Houston oil services firm lands Stampede offshore contract
A Houston oil services company has won a contract with Hess Corp. to help build the $6 billion Stampede deep-water platform in the Gulf of Mexico. Alpha Completions Group, based near the Energy Corridor, announced...
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Market Currents: Saudi maintains strong oil exports to US, Asia
After a couple of days of rampant rallying, crude is heading lower once more amid a stronger dollar (read: a pound walloping). Hark, here are five things to consider in energy markets today. 1) JP...
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Exxon, Hess make big oil discovery off Guyana coast
Click through the gallery above to see nine countries where the next big plays may be found. HOUSTON – U.S. oil companies Exxon Mobil and Hess have confirmed one of the largest oil discoveries in...
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