News
Frank’s International founding family shrinks ownership control
The founding family that controls the Frank’s International oil-field services firm is reducing its ownership stake. The company, which operates out of Houston, was founded by Frank Mosing in 1938 in Louisiana and went public...
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Industrial facilities infected with malware 3,000 times a year
Cybersecurity researchers believe computer controls at industrial facilities, including in the oil business, get infected by non-targeted malware at least 3,000 times a year. Dragos Security, a cybersecurity firm in San Antonio, arrived at what...
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Railroad Commission fines company for not cleaning up oil, wastewater spills
The Railroad Commission of Texas fined a Dallas-based oil and gas company more than $100,000 on Tuesday after inspectors found that several spills of oil and toxic water had not been cleaned up after nearly...
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U.S. oil exports increased, spread across the globe in 2016, EIA says
U.S. oil exports climbed 12 percent last year even as domestic output dropped, bringing the nation’s overseas shipments to an average of more than half a million barrels a day, the Energy Department said Wednesday....
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Gulf lease sale draws $275 million in winning bids
A federal offshore lease sale in the Gulf of Mexico Wednesday drew $275 million in high bids, exceeding last year’s totals as higher oil and gas prices continue to hopes of a rebound. “Today’s strong...
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