The Fugro Supporter is set to join the search for missing Malaysia Airlines flight MH370.
After this date any other contract for exploration and extraction of natural gas can only be awarded through a tender process or through an assignment to a productive public company from PEMEX.
The University of Houston and Texas A&M University-Corpus Christi are set to get $4 million in funding for energy research.
Cheap oil is a double-edged sword for diversified economies: On one hand, investment drops in the oil and gas sector, hurting jobs and the stock market; on the other hand, consumers and companies that use a lot of hydrocarbons see their costs go down.
An oil bust will be the perfect opportunity for the state to shore up its remaining weaknesses.
If West Texas Intermediate (WTI) tops $85/bbl by year-end 2015, Jim “Mattress Mack” McIngvale has agreed to give customers who purchase $7,000 or more of furniture or mattresses as part of his Gallery Furniture promotion all of their money back.
The year 2015 has begun in just as unsettling a manner as its predecessor ended with more talk of heightened production from the U.S. and elsewhere, plummeting oil prices and the potentially damaging consequences these could have on the oil and gas industry.
Many people believe that conventional and unconventional oil are in competition with one another. However, the opposite is true. Both drilling techniques go hand-in-hand with each other.
Having seen numerous fluctuations in the energy markets over the years, many analysts and policy makers have a natural tendency to “look through” the latest drop in oil prices—that is, to treat the impact as transient rather than as signaling long-term changes.
Though the ban, which was adopted in 1975 following the Arab oil embargo, remains in place, condensate can be exported if it is run through a distillation tower.
With all the talk about oil prices, spending cuts, mergers and reduction in workforces, it’s good to hear that some companies in the oil and gas industry are still making charitable contributions.