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5.0 Earthquake Hits Cushing, OK Nov 6

A magnitude earthquake hit Cushing, OK on Sunday night. Minor damage occurred in the downtown area. Two operators of the oil storage facility in Cushing reported no damage to storage facilities and pipelines from the earthquake. The numerous earthquakes in ...

Rig Recovery into 6th Month

The oil rig count in the U. S. increased by nine last week, making it the 20th week in the last 23 weeks to show an increased rig count. Baker Hughes reports the active rigs in the U.S. now stands ...

Upcoming Joint Venture Auction in Trion Field

Mexican oil regulators (CNH) finalized new business-friendly changes to the joint venture agreement for the upcoming auction on December 5th. Pemex will enter into exploration and production joint venture for the first time in the development of Trion field in ...

Arctic Sea Ice Retreat Pinned to Emissions

An environmental study released Thursday by Germany’s Max Planck Institute for Meteorology and the U.S. National Snow and Ice Data Center equate driving your car 2,500 miles to melting thirty-two sq. ft. of ice on the Arctic Ocean. The long ...

GE and Baker Hughes Combine Oil and Gas Business

General Electric, Inc. announced on Monday that they are combining their oil and gas business with Baker Hughes, Inc. The "new" Baker Hughes will combine GE's technology expertise and Baker Hughes' oilfield services to provide the best "physical and digital ...

Lease Sale for Offshore New York Wind Energy Announced

The Bureau of Ocean Energy Management announced on October 27 that the lease sale for 125 sq miles of Federal Waters offshore New York will be opened on December 15th. The lease sale will promote development of wind energy, part ...

Oil and Gas Workers Split Vote

A recent Reuters poll shows that U.S. oil and gas workers are contributing only slightly more to the Clinton campaign for president that the Trump campaign and are likely to split their votes on election day. The two candidates have ...

Rig Count Continues to Rise

The Baker Hughes rig count report shows that the U.S. rig count continues to rise after 17 weeks with no declines. Last week was the 2n best week with 11 new oil rigs going on line. The U.S. rig count ...

Schlumberger Forecasts Oil Recovery

On Friday in a post-earnings call, Schlumberger announced that they see early signs of recovery in drilling operations for most of the world. Chief Executive, Paal Kibsgaard, said "The only place where we don't see any signs of recovery at ...

Former Greenpeace Leader Defends Fracking

Stephen Tindale, the executive director of Greenpeace U.K from 2000 to 2005, had come out with a statement that hydraulic fracturing is needed to help fight global warming.  He noted that natural gas extracted by fracking cuts “greenhouse gas emissions ...