Two of the three largest oil rig operators and fracers are considering pulling back from the North American market as losses mount.
Oil’s rebound from the lowest level in more than 12 years may face an abrupt halt as prices near a level that could trigger a wave of new U.S. shale production.
Pioneer Natural Resources Co. lifted its 2016 production growth target without increasing spending because wells drilled in a West Texas shale field are pumping more crude than expected.
Weir Oil & Gas has unveiled the new SPM 2.0 valve & seat for well stimulation pumps used in shale plays globally.
PetroQuest Energy, Inc., has announced the closing of the sale of the majority of its remaining Woodford Shale assets in East Hoss field for gross proceeds of $18 million, subject to purchase price adjustments between the effective date of April 1, 2016, and the closing date.
Within a decade of revolutionizing domestic natural gas markets, U.S. shale will for the first time enter Europe, a region dominated by Russian and Norwegian supplies.
GEODynamics, Inc.’s Engineered Completion Solutions Division has completed extensive field testing of the QuickStart Inject and Frac Valve product line and is broadly releasing it to the global horizontal completion market immediately.
Goodrich Petroleum Corp. filed for Chapter 11 in a U.S. bankruptcy court to implement a financial reorganization after struggling to restructure its debt amid declining energy prices.
Global oil markets will “move close to balance” in the second half of the year as lower prices take their toll on production outside OPEC, the International Energy Agency said.
A lot of pain, little gain seen in ‘16
Five years ago, the Ground Water Protection Council and Interstate Oil and Gas Compact Commission partnered with a vision to provide the public a one-stop site to access information on chemicals used in hydraulic fracturing operations by location.
Oil climbed to a four-month high in London as forecasts for lower U.S. shale production signaled the global oversupply will slowly diminish.
Chesapeake Energy Corp., the shale gas producer that’s been selling fields and buying back debt to cope with plunging fuel prices, pledged additional assets as collateral to maintain access to a $4 billion line of credit. The shares jumped almost 7%.
Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging.
China boosted its recoverable shale gas reserves more than five-fold last year as the country missed its production target for the fuel.
Sanjel Corporation is selling two separate North American pressure pumping providers, the company said Monday.
Gail India Ltd. bought the second shipment of liquefied natural gas from Cheniere Energy Inc.’s Sabine Pass plant in Louisiana in a deal that makes it the first Asian importer of U.S. shale gas.
The number of active oil rigs continued to fall this week as U.S. drillers pulled ten more rigs from the field, according to the latest data from Baker Hughes.
BP is seeking to hit it big in China’s shale gas fields where competitors including Royal Dutch Shell have struck out.
China Petroleum & Chemical Corp., one of the country’s state-run energy giants, plans to ride a wave of new gas discoveries to double annual output to 40 Bcm by 2020, as the country pushes to replace coal with the cleaner fuel.