IRVING, Texas-Exxon Mobil Corporation (NYSE:XOM) today announced enhancements to its U.S. oil and natural gas portfolio managed by subsidiary, XTO Energy Inc., through separate agreements in the Permian Basin in Texas and Utica shale in Ohio. “These transactions underscore our commitment to developing high-margin liquids growth in areas such as the Permian, while also efficiently […]
HOUSTON – Halliburton (NYSE: HAL) today announced it has provided wireline services technology for two deepwater exploratory wells in Angola’s demanding pre-salt environment for Cobalt International Energy, Inc. (NYSE:CIE). The wireline technology enhances the understanding of the rock and fluid properties of the formation and enables the company to make informed decisions and minimize drill-stem […]
SAN RAMON, Calif., – Chevron Corporation (NYSE: CVX) announced today that its U.K. subsidiary, Chevron North Sea Limited, has reached a final investment decision and received approval from the U.K. government to proceed with the development of the Alder Field in the Central North Sea. The project has a planned design capacity of 110 million […]
SINGAPORE-ExxonMobil reinforced its long-term supply commitment to the fast-growing Asia-Pacific market today during an event celebrating the expansion of its Singapore chemical production facility. “Global chemical demand will grow at a faster pace than GDP as people seek higher standards of living and purchase more household and packaged goods manufactured with chemical products,” Rex W. […]
STAVANGER, NORWAY—January 13, 2014—Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas (NYSE: GE) is supplying Statoil Petroleum AS (OSE: STL, NYSE: STO) with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the life of the subsea production control system for the Troll […]
ROSSLYN, VA., A new study released today confirms the growing importance of the domestic aluminum industry to the U.S. economy. Research conducted by economic research firm John Dunham & Associates found that the U.S. aluminum industry directly employs more than 155,000 workers and generates $65 billion in economic output in all 50 states and the […]
Underscoring President Obama’s Climate Action Plan to cut harmful emissions and double energy efficiency, the Energy Department is taking action to develop the next generation of combined heat and power (CHP) technology and help local communities and businesses make cost-effective investments that save money and energy. As part of this effort, the Department launched today […]
A consortium of engineers both from institutions and companies have collaborated on a project that could potentially reduce the consumption of gas and fuel oil. This technology reduces significantly the rate which at which heating systems process the fuel they use whether it is gas or fuel oil.
The US is seriously considering its rules governing offshore oil drilling. In view of the the recent oil spills in the Gulf of Mexico and the adverse environmental consequences, more stringent rules are been crafted to eliminate the circumstances that triggered such spills.
