Click here to listen to the Audio version of this story! Stand on a lease road in West Texas long enough and you will eventually see the entire history of the oilfield in one glance: a decades-old pumpjack still stroking, newer equipment tied into older flowlines, temporary gear staged for the next job, and, […]
The Big Three of OFS: How They Fared Q1
The first quarter of 2026 has offered a revealing snapshot of the oilfield services (OFS) sector, as Halliburton, SLB, and Baker Hughes each reported results shaped by geopolitical disruption, shifting capital flows, and an evolving energy landscape. While all three firms delivered respectable profitability—and in some cases beat expectations—the underlying story is one of divergence: between international and North […]
Report: Texas economy reaches record $2.9 trillion in 2025
U.S. Bureau of Economic Analysis said the Texas economy expanded to $2.9 trillion last year based on the state’s 2025 current-dollar gross domestic product. The Texas economy grew faster than the nation in 2025 at a rate of 2.5 percent when adjusted for inflation. Governor Greg Abbott said April 17, “With the best business climate […]
ElectriGen to develop 1.8 GW power platform in Texas to support data centers
Houston-based ElectriGen said Monday it intends to develop and operate a 1.8-gigawatt power platform to support large-scale data center development. The project consists of two 900-megawatt natural gas-fired generation facilities with ancillary equipment to support load balancing at “an undisclosed location within the Texas market.” Commercial operation is expected in 2028. The power system will […]
Department of Energy releases 17.5 million barrels of crude oil from SPR
U.S. Department of Energy said Thursday it released 17.5 million barrels of crude oil from the nation’s strategic petroleum reserve between March 16 and April 24. DOE said the release included 7.1 million barrels last week – the most since the week ending Oct. 7, 2022. Stocks at the four SPR sites currently are 397.9 […]
Battalion Oil to increase compression capacity in Ward, Winkler counties
Houston-based Battalion Oil said Wednesday it agreed to a long-term contract for 50 percent additional capacity of sour gas compression at its assets in Ward and Winkler counties in Permian Basin. The agreement will increase flow capacity in Monument Draw from 35 million cfd to more than 50 million cfd to facilitate current production and […]
Growth to Stay Steady if Oil Shock is Short-Lived
Global economic growth should be steady this year provided the current oil price shock is not prolonged, Fitch Ratings says in its March 2026 Global Economic Outlook (GEO). As Fitch states, the world economy has held up well despite a succession of geopolitical and U.S. policy shocks. World growth was 2.7 percent last year, close […]
But There’s Still Room for Safer Practices
With lost-time workplace incidents remaining high worldwide—to the tune of hundreds of millions of work-related injuries and illnesses occurring annually—95 percent of safety leaders plan to maintain or increase their budgets over the next two years. That’s the finding of a recent study commissioned by leading connected safety technology provider Blackline Safety—and conducted by independent research firm NewtonX—which […]
Company Notches Best TRIR in its History
In the workplace, accidents happen, and they’re never good, but sometimes good safety practices bring more good news than bad. Danos Group reported March 19 that they closed 2025 with the lowest Total Recordable Incident Rate (TRIR) in its history, achieving a companywide TRIR of 0.07 across more than 11.5 million work hours. Both core […]
System Enhances Subsurface Viewing
A Colorado-based firm released on March 10 the newest version of its mapping and 3D visualization software package with enhanced subsurface viewing capabilities and ease-of-use functionality. The creator, Golden Software, asserts that all users will benefit from the Surfer package’s streamlined map creation, especially those working with drillholes, wells, and other subsurface data. Surfer Product […]
- 1
- 2
- 3
- …
- 415
- Next Page »