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Forum Technologies to buy oil tools firms

Houston’s Forum Energy Technologies said this week it inked a deal to buy Blohm + Voss Oil Tools.  More »

Chevron CEO: Jury still out on Monterey Shale

After Chevron’s annual meeting, CEO John Watson took a few minutes to talk with reporters, with topics ranging from the Monterey Shale to climate change. A few highlights:  More »

The Oil & Gas Industry Does Its Job Too Well

Actually, it turns out that everything involved in getting oil & gas out of the ground is an example of pushing the limits of our knowledge of science and its applications: finding potential reserves requires super computers programmed using incredibly complex mathematical models, drilling for oil & gas requires precision-engineered rigs that must operate safely while withstanding constant physical wear under extreme conditions, and transporting oil & gas is impossible without thousands of miles of highly complex pipelines  More »

Supreme Court Gives Agencies Greater Power in City of Arlington v. FCC

Last week the Supreme Court ruled in the City of Arlington v. the FCC, that federal agencies should receive strong deference from courts in the agency’s determination of its own jurisdiction. In other words, when it isn’t clear whether a federal agency has the right to assert authority, we should defer to the agency’s own […]  More »

Chevron lends Venezuelan oil venture $2 billion for output boost

Petroleos de Venezuela SA, the country’s state-owned oil producer, signed a $2 billion financing agreement with San Ramon, California-based Chevron Corp. (CVX) to increase output at their Petroboscan oil joint venture.  More »

Rail picks up steam as a way to move crude

The surge in North American oil production has prompted energy companies to invest heavily in a 19th-century technology: rail.  More »

Oil falls below $94 a barrel on US holiday

Markets will also be watching Friday’s meeting at its Vienna headquarters of the Organization of Petroleum Exporting Countries.  More »

Shell rig left Alaska port to avoid taxes, company official testifies

Shell’s Kulluk oil drilling rig left Dutch Harbor in December to avoid the prospect of millions in taxes, a Shell official revealed Saturday in testimony to a Coast Guard investigation panel.  More »

Marathon Oil highlights its Eagle Ford production

The company at the end of last year was making 65,000 barrels of oil equivalent per day in the field. By the end of this year, its target is 85,000 barrels.  More »

Software startups draw surge of excitement from energy companies

A crowd of investors and oil executives descended on Houston this week to hear from entrepreneurs in T-shirts and jeans about their software ideas for the energy industry.  More »

Two Countries, Two Views On Oil & Gas

On a recent trip to Rio de Janeiro, Brazil, one of the things that really struck me was the attitude the majority of the population seems to have towards oil & gas.  More »

Oil falls below $93 as China manufacturing weakens

The price of oil fell below $93 per barrel Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world’s No. 2 economy is fading.  More »
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