News
Oil falls as Saudis ease production cuts
Oil reversed earlier gains after Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month. Futures fell...
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Proposed Trump tax cut could save drillers $10 billion
The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for U.S. oil explorers, opening new opportunities to boost drilling at a time of uncertainty in the...
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Baker Hughes introduces ‘smart’ drill bit
Howard Hughes Sr. revolutionized the drill bit to more than 100 years ago to accelerate the oil boom that made Houston and Texas the nation’s energy capital. Today, his legacy company is aiming to make...
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Noble to lay off 200 Midland workers after buying Clayton Williams
Noble Energy, following its recent purchase of Clayton Williams Energy, is preparing to close a Midland office and lay off almost 200 Clayton Williams employees. Noble, a Houston oil production company, is closing Clayton Williams’...
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Trump caught between coal and a hard place on budget
One of the pillar’s of President Donald Trump’s campaign was revitalizing the United States’ struggling coal industry. But as his administration works to shrink the federal budget, while meeting pledges to grow military spending and...
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