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HEADLINES
  • [ December 19, 2025 ] Has the Shadow Fleet Met Its Match? Will OPEC+ Be The Beneficiary?  Crude Oil News
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HomeOilfield Service

Oilfield Service

Oil and Gas Production
Crude Oil News

Has Oil and Gas Production Been Affected by the Texas Wildfires?

March 1, 2024 Mariel Alumit

A Texas Railroad Commission (RRC) spokesperson has revealed to Rigzone that the organization has not seen an overall impact on production, despite wildfires in the state. “We understand production may fluctuate as companies take measures […]

Fervo
Exploration and Production

Fervo Energy Raises $244 Million to Accelerate Deployment of Next-Generation Geothermal

February 29, 2024 Mariel Alumit

HOUSTON, TX (February 29, 2024) – Fervo Energy (“Fervo”), the leader in next-generation geothermal development, today announced that it has raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas. […]

Pioneer
Finance

Atlas to Acquire Hi-Crush Permian Proppant Assets for $450MM

February 28, 2024 Stu Turley

Austin-based Atlas Energy Solutions Inc. is acquiring all of Hi-Crush Inc.’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million as it aims to create the largest […]

ENB Podcast

ENB #196 From Networks to Solutions: Innovating in the Energy Sector – Live from NAPE

February 28, 2024 Stu Turley

There are good days, and then there are GREAT days. This was one of the great days, as I got to interview JP Warren, Connector, Podcast Host, and Keith Stelter, Podcast host and CSO at […]

Africa
Crude Oil News

Europe, Africa oil markets tighten, lending support to futures

February 24, 2024 Stu Turley

LONDON, Feb 23 (Reuters) – Red Sea shipping delays and OPEC+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil […]

Paratus
Crude Oil News

Paratus scores Mexico work for Titania jack-up

February 2, 2024 Mariel Alumit

AmericasOffshore Paratus Paratus Energy Services has secured a one-year contract for the Titania jack-up for work offshore Mexico. The new contract will contribute around $55m in backlog and is expected to begin around mid-February 2024. […]

ENB Podcast

ENB #178 Empowering Veterans and Oilfield Workers: A Conversation with Nick Burns of PetroFit

January 30, 2024 Stu Turley

This was a fun podcast with Nick Burns of PetroFit. Boy, we got into helping our great veterans and their charities. Not only helping get veterans transitioning from active duty to the oil and gas […]

Oil settles at highest in nearly 8 weeks on strong economic growth
Crude Oil News

Gas-Addicted Europe Trades One Energy Risk for Another – The US is not reliable

January 28, 2024 Stu Turley

Houthi says they targeted oil tanker in Red Sea China presses Iran to rein in Red Sea Houthi attacks U.S. economic data shows faster than expected growth U.S. crude stockpile drawdown also supports HOUSTON, Jan […]

LNG
LNG

Baker Hughes won $5.6 billion in LNG equipment orders last year

January 26, 2024 Stu Turley

US energy services firm Baker Hughes booked record $5.6 billion of LNG equipment orders in 2023. The company said the outlook for LNG FIDs over the next few years “remains strong”. Following record LNG equipment orders […]

U.S. growth
Crude Oil News

Rise in relatively denser crude oil production drives U.S. growth

January 24, 2024 Stu Turley

Data source: U.S. Energy Information Administration, Monthly Crude Oil and Natural Gas Production Crude oil production in the United States reached a record high in August 2023, led primarily by more production in Texas. In 2023, most […]

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