Archives for 2017
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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A sign of the times: OTC hauls less gear onto the show floor
Another sign of the woes of the offshore industry: The movers who truck gear into the annual Offshore Technology Conference hauled more than 1 million pounds less onto the floor this year than last. Dallas...
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Oil falls sharply on supply worries; OPEC gains gone
Crude’s losses accelerated, erasing gains sparked by OPEC’s November output agreement, as concerns over a supply glut mounted. U.S. stocks fluctuated after falling in oil’s tow as earnings boosted insurers. West Texas Intermediate crude fell...
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