News
OTC Commentary: Big data comes to deepwater drilling
By Matthew Franchek An unexpected equipment failure can affect offshore producers much the way an unexpected closure of Interstate 10 affects Houston drivers. Everything comes to a stop. For drivers, that means lost time. For...
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Attending OTC, but investing in onshore drilling
Even as he manned his company’s booth at Houston’s Offshore Technology Conference on Wednesday, Kevin Anderson saw a certain irony in attending the industry’s annual summit. “You have to go where the oil companies are...
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Chemicals – not gasoline – is future, says Phillips 66
The top two executives at Phillips 66 backed away from the gasoline business on Wednesday and said that pipelines and chemicals held more promise for the company. “Today, if we look at the opportunities...
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OTC Commentary: Expanding offshore access is critical for energy security
By Erik Milito Last week marked the 100-day milestone for the Trump administration, and the White House is making steady progress on pledges to remove roadblocks to oil and natural gas development. At the heart...
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Crude oil inventories fall again
The nation’s supply of commercial crude dipped slightly by 900,000 barrels, potentially slowing some of the fears of U.S. shale oil production growing too quickly and contributing to another global glut. U.S. inventories of refined...
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