Dril-Quip acquires longtime manufacturer TIW Corp. for $143 million
Dril-Quip Inc., an offshore drilling equipment manufacturer, has agreed to buy fellow Houston-based manufacturer TIW Corp. for $143 million. TIW Corp. has been in business for 100 years and builds liner hanger systems, or equipment used...
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Iran offers 50 oil and gas fields to foreign bidders
TEHRAN, Iran — Iran’s national oil company said Monday that it has offered 50 oil and gas fields to international bidders, the first time it has done so since last year’s landmark nuclear deal with...
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Houston gas prices dip slightly for the week, trend higher
The Houston area registered a barely noticeable decline in average retail gas prices during the past week. As of Sunday, the average price for a gallon of regular gasoline was $2, down 0.6 cents from...
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U.S. drillers add 15 more rigs
U.S drillers put another 15 rigs back into operation this week, the fourth increase in a row and the ninth in the past 11 weeks, the Houston oilfield services company reported Friday. The rig count...
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Fracking fight now in Pennsylvania courts
The nationwide fight by the oil and gas industry to block efforts to step up regulations in light of a historic drilling boom the past decade is now in the Pennsylvania courts. According to a...
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