The Houston-based oil company announced Monday that it has scooped up additional acres offshore the Falkland Islands and plans to start drilling there this year despite opposition from Argentina’s government. More »
Oil companies may be taking a beating amid a global crude collapse, but U.S. drivers are saving big on gasoline, pocketing enough cash at the pump this year to buy a robot vacuum, a cheap refrigerator or the latest iPad. More »
While oil companies have been drilling in the Weald Basin since the 1930s, UK Oil & Gas says new “concepts, techniques and technology” have given it a better understanding of the region’s potential. More »
The high end of the Energy Information Administration’s prediction would bring 2016 Brent crude from $75 per barrel to about $60 per barrel, or just a few dollars above Tuesday’s ending price of $59.10. More »
The Houston oil field services firm said Tuesday it is putting its fixed cutter bits, roller cone drill bits, directional drilling, logging-while-drilling and measurement-while-drilling businesses on the auction block in separate deals. More »
Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years. More »
Workers have been on strike since Feb. 1. Hancock said one of issues is Marathon’s move to dismantle the labor/management partnership that was launched after an explosion and fire killed 15 workers in 2005, when BP owned the refinery. More »
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