As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
New technological advances have allowed oil companies to more easily convert drilling waste water to get reused in the oil patch, said Larry Ryan, president of Dow Chemical’s energy and water solutions business in an interview with Fuel Fix at the company’s booth at the Offshore Technology Conference.
The Houston Chronicle has been interviewing attendees on the floor of OTC this week. Here’s five more interviews: some where conference veterans, while others were experiencing the event for the first time.
When accidents are narrowly averted at offshore oil and gas facilities, Uncle Sam wants to know about it. And now, there’s a new avenue for the government to get those tips, via a confidential near-miss reporting system unveiled at the Offshore Technology Conference on Tuesday.
Natural gas vehicles have another place to refuel in San Antonio. TravelCenters of America LLC announced it has opened liquefied natural gas fueling lanes at its TA location at Exit 583 along Interstate 10 near Foster Road. TravelCenters operates the TA and Petro Stopping Centers brands. The San Antonio site has also been retrofitted to […]
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