Archives for May 2017
Rig count rises for 16th straight week
The number of oil and gas rigs in U.S. fields rose for the 16th straight week as oil companies, especially in Texas and Louisiana, continue to drill despite a recent dip in oil prices. This...
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Landlocked Oklahoma wants a piece of Mexico’s offshore industry
By Lydia DePillis Not every middle-of-the-country state can be a player in Mexico’s developing offshore oil industry, but if anyone has a chance, it’s Oklahoma. The landlocked state has a native oil industry and a...
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Pemex CEO wants foreign investments for much more than oil drilling
Nearly all of the focus of Mexico’s energy reform is on oil and gas drilling, but Mexico is seeking more U.S. and foreign investments to build new pipelines, expand refineries, construct petroleum storage and more,...
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OFS Energy Fund to acquire VanZandt Controls
Houston-based OFS Energy Fund says it plans to acquire VanZandt Controls, an automated valve distribution and service company. RELATED: Investment firm lays off 150 employees from oil field companies The investment firm has partnered with Larry Richards...
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National Oilwell Varco buying Flotek’s drilling technology arm
Flotek Industries is selling its Drilling Technologies segment to National Oilwell Varco for about $17 million. The deal is expected to close by mid-May. RELATED: Flotek puts equipment, services businesses on the block The company...
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