-
News Briefs: Rig Count Finally Goes Up
The number of rigs searching for oil and natural gas in the U.S. increased by four last week for the first time in eight months to 408, according to oilfield services company Baker…
-
News Briefs: Halliburton, Schlumberger Cut Jobs in First Quarter
Halliburton cut more than 6,000 jobs during the first quarter of 2016, according to its first quarter operations update the company released on April 22.
Since late 2014, the…
-
News Briefs: Schlumberger to Cut 10,000 More Jobs
On the heels of disclosing a $1 billion loss for the final quarter of 2015 and customers abruptly cancelling projects, oilfields services company Schlumberger plans to cut 10,000 jobs…
-
News Briefs: Pennsylvania Files Lawsuit Against Chesapeake Energy Corp.
Pennsylvania Attorney General Kathleen Kane filed a lawsuit against Oklahoma-based Chesapeake Energy Corp. claiming that the company had landowners sign “deceptive” leases that cheated…
-
News Briefs: Oil Spill in North Dakota Likely Caused by Vandalism
Vandalism appears to be the cause of an oil spill in Williams County, North Dakota, that was noticed on Oct. 16, according to the North Dakota Department of Health.
The spill…
-
News Briefs: Schlumberger Announces Merger with Cameron
Schlumberger announced it has signed a merger agreement with Cameron in which both companies will combine in a stock and cash transaction. The agreement was announced Aug. 27 by the…
-
News Briefs: Canada’s Largest Refinery Says No More Bakken Oil
Canada’s largest refinery, operated by Irving Oil, is no longer importing oil from the Bakken shale play and is instead using less expensive crude from producers such as Saudi Arabia,…
-
News Briefs: Explosion Damages Fracking Wastewater Site
A fracking wastewater site in Greeley, Colorado, caught fire and caused an explosion on April 17.
Crews were dispatched to the fracking site, northeast of the Greeley Airport,…
-
News Briefs: Oil Production Continues to Rise
U.S. oil production continues to rise, despite a drop in crude oil prices, according to the U.S. Energy Information Administration (EIA).
Total crude oil production in the U.S.…
-
News Briefs: Service Company Owner Killed
An oil service company owner was killed and another employee was injured as the two repaired equipment at an oil well near Mandaree, N.D., on Jan. 13.
According to OSHA, the incident…