U.S. oil producer Magnolia Oil & Gas Corp aims to at least triple in market valuation in coming years as it develops shale acreage across eastern and southern Texas, Chief Executive Steve Chazen said on Wednesday.Magnolia's shares have rallied…
U.S. crude oil production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on Thursday.Production in Texas rose by 4 percent to almost 4…
Texas's energy regulator issued a third more oil and gas drilling permits in April than a year ago, according to data released on Thursday, as higher prices continue to spur an increase in activity.The Railroad Commission of Texas, which regulates the state's oil and gas industry…
Israel's Delek Group is setting the firm's exploration sights on US offshore, particularly in the shallow waters of the Gulf of Mexico. The firm announced a strategic partnership with GulfSlope Energy and Texas South Energy. The companies say that Delek subsidiary…
With decommissioning an inevitability, what to do with platforms once production ceases is a hot topic. Karen Boman surveys new ideas for life after production. Once upon a time, it seemed that the only thing to do with aging offshore infrastructure was to rip it out…
GulfSlope Energy and Texas South Energy have jointly executed an exclusive letter of intent (LOI) with a large international oil and gas company to drill and develop a minimum of three wildcats in the Gulf of Mexico. The deal comes with…
Anadarko Petroleum named Daniel E. Brown executive VP, International and Deepwater Operations. Darrell E. Hollek, formerly executive vice president, Operations, will serve as a senior adviser until his retirement later this year. Brown began his career with the company in 1998…
Materia, a developer and manufacturer of catalysts and advanced polymers, is supporting growth in its Proxima thermoset resins by expanding its manufacturing capacity fivefold in Huntsville, Texas. The expanded facility will complement Materia’s…
US President-elect Donald Trump has picked ExxonMobil CEO Rex Tillerson to be his nominee for Secretary of State and former Texas Governor Rick Perry to be his Secretary of Energy, it was announced today (13 December). Trump praised Tillerson via Twitter…
Forum Energy Technologies (FET) has opened a new plant near Houston expanding its syntactic foam manufacturing capabilities. The six-acre facility in Bryan, Texas, brings Forum’s Syntech product line closer to clients in the oil and gas industry and has the capacity to support future growth…
The US Bureau of Ocean Energy Management (BOEM) is gearing up to hold is first ever lease sale via a live broadcast later this summer that will mark the last lease sale for the Western Planning Area of the current five-year program. Image of Hopper…
Canada’s Shawcor received a conditional contract worth approximately US$231 million (C$ 300 million) from Infraestructura Marina del Golfo (IMG), to provide pipeline coating solutions to the Comisión Federal de Electricidad (CFE) Sur de Texas – Tuxpan gas pipeline project…
TransCanada's joint venture with Sempra Energy subsidiary IEnova was awarded a contract to build, own and operate the US$2.1 billion Sur de Texas-Tuxpan natural gas pipeline that will begin offshore Mexico near Brownsville, Texas, and end in Tuxpan…
Many companies often try to replicate successful prior projects and one such company that has managed to do so is Houston-based independent Anadarko Petroleum. The Lucius spar. Anadarko Petroleum kept the Heidelberg design 87% identical to Lucius’…
Jumbo's heavy lift vessel Jumbo Vision transported subsea pump modules for McDermott International from the OneSubsea facility in Horsoy, Norway to Ingleside, Texas this month. The cargo consisted of several modules with a maximum cargo lift weight of nearly 350t…
