Archives for 2016
Newfield posts third quarter profit, first since 2014
Newfield Exploration, an oil and gas production company based in The Woodlands, cut expenses, boosted Oklahoma drilling and turned losses into profits last quarter. The company made a $48 million profit in the third quarter,...
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After export deal, Noble Energy closer to clinching major Israel gas project
Noble Energy’s recent deal to export Israeli natural gas to Jordan marked a major step toward making a final investment decision on its long-delayed Leviathan gas project, executives said Wednesday. The Houston company’s first gas...
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U.S. sets new record for gasoline consumption in June
For years, gasoline consumption in the United States had been on a steady decline, driven by high fuel prices and increasingly efficient vehicles. But since the collapse of oil prices in late 2014, that trend...
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Targa Resources posts $10.7 million loss
Houston pipeline company Targa Resources reported a $10.7 million loss for the third quarter, but expressed optimism that Texas energy markets are rebounding. Targa’s loss compares with a $12.7 million profit during the same period...
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Oilfield equipment firms merge to form Innovex Downhole Solutions
Three businesses that design, manufacture and sell tools and equipment for oil and gas drilling have combined resources to form a new oilfield services company. Houston-based Innovex Downhole Solutions formed from the union of The Woodlands-based...
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