Archives for April 2017
Adams Resources business filing for bankruptcy
The oil and gas exploration business of Houston’s Adams Resources & Energy will file for bankruptcy. The 70-year-old energy company said its Adams Resources Exploration Corp. subsidiary will file for Chapter 11 bankruptcy protection and prepare...
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What cuts? Perry promises Energy Department will keep innovating
The U.S. must innovate in the energy sector, Energy Secretary Rick Perry said on Friday, and his department will continue to drive some of that innovation. Perry, speaking at Earth Day in Dallas, lauded the...
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Trump rejects Exxon waiver request for Russia
President Donald Trump has personally rejected Exxon Mobil’s bid to resume a potentially lucrative oil and gas drilling venture with Russian firm Rosneft. A statement posted on the Treasury Department’s website Friday reads: “In consultation...
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US rig count climbs by 10 in 14th weekly rise
The number of rigs drilling across the nation jumped by 10 this week, an even 5-5 split between oil and gas rigs, Baker Hughes said Friday For 14 straight weeks, the U.S. rig count has...
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Market Currents: Global crude loadings still rising
Crude is heading lower again, rounding out a downbeat week, as the expectation of an OPEC production cut extension is more than outweighed by an ongoing lopsided market. As oversupply fears enter the fray once...
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