Team Energy Resources Ltd.Norwich, UK, has announced a merger with the manpower services arm of Aquatic Engineering & Construction, another Acteon company. The consolidated organization...
After testing price barriers during intraday trading for five consecutive sessions, the near-month benchmark US crude contract closed above $73/bbl in New York on July 13, and...
The Strait of Hormuz is the world’s premier oil transportation choke point, and it seems worthwhile from time to time to recite the details that make it so strategic.
Brazilian federal police arrested three top executives of state-owned Petroleo Brasileiro SA (Petrobras) on July 10, along with the directors of three shipyards-Angraporto Offshore...
The Organization of Petroleum Exporting Countries expects demand for its members’ crude oil to change little next year as limits on global refining capacity continue to support...
The American Petroleum Institute reports the US petroleum industry spent about $12.4 billion on the environment and on environment-related research and development during 2005...
Polyolefins manufacturer Basell Service Co. BV plans to buy Lyondell Chemical Co. of Houston for about $12 billion, plus the assumption of Lyondell’s $7 billion debt.
Producers’ current investment decisions may be clouded by such questions as the extent to which nonconventional fuels may be produced and used in the future and the effects those...
Coiled tubing is one of the fastest growing oilfield technologies. CT services expanded 140% over 2001-06, second only to directional drilling, according to Colorado-based Spears...
