News
Tough year for offshore: Atwood delays rig delivery
In another sign that 2017 is going to be a tough year for offshore services companies, driller Atwood Oceanics announced this week it has yet again cut a deal to delay delivery of — and payment...
Click here 0 2,731
Raven Petroleum aims to build first new Texas refinery in decades
The glut of fuel supplies in the United States isn’t stopping a new company in The Woodlands from building a new refinery in South Texas. Houston native Christopher Moore recently formed Raven Petroleum to build...
Click here 0 3,439
Oil inventory levels fall, while the fuels glut grows
The nation’s crude oil storage levels fell by 2.4 million barrels last week — helping to alleviate a global glut — but that positive industry news was more than offset by a 3.4 million barrels...
Click here 0 2,769
Market Currents: Is NOPEC just a duo?
As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around the intent of key producers. With that in mind, hark,...
Click here 0 2,788
Oil extends slide on U.S. supply outlook, OPEC follow-up talks
Oil fell in New York on speculation that OPEC production cuts will bolster U.S. shale production, and amid signs that the organization won’t insist all its partners deliberately reduce output. Futures fell 1 percent in...
Click here 0 2,824
