Industry News

  • Exploration
  • Use technology to address climate change, Oxy exec advises
    More oil and gas producers should be ready to use technology to address climate change instead of denying the problem exists, Occidental Petroleum Corp. Pres. and Chief Executive Officer Vicki A. Hollub recommended on Dec. 14. “We’ve been doing e...
  • Baker Hughes: Canada sees another double-digit drop in rigs
    Close on the heels of a 13-rig drop a week ago, Canada lost 12 rigs for the week ended Dec. 14, according to Baker Hughes data. With 174 rigs running, the count is below the 238 units drilling this week a year ago. The number of oil-directed rigs in ...
  • Western Gas signs MOU for Equus gas project off Western Australia
    Privately held Western Gas Corp. Pty. Ltd., Perth, has signed a memorandum of understanding with international service companies McDermott and Baker Hughes to be exclusive development partners for the Equus gas project offshore northwest Western Aust...
  • Drilling & Production
  • Use technology to address climate change, Oxy exec advises
    More oil and gas producers should be ready to use technology to address climate change instead of denying the problem exists, Occidental Petroleum Corp. Pres. and Chief Executive Officer Vicki A. Hollub recommended on Dec. 14. “We’ve been doing e...
  • Baker Hughes: Canada sees another double-digit drop in rigs
    Close on the heels of a 13-rig drop a week ago, Canada lost 12 rigs for the week ended Dec. 14, according to Baker Hughes data. With 174 rigs running, the count is below the 238 units drilling this week a year ago. The number of oil-directed rigs in ...
  • MARKET WATCH: Crude oil benchmark make gains on deficit concerns
    Crude oil benchmark prices settled more than $1 higher Dec. 13 as signs point to an emerging global oil market deficit. News of a drop in US crude stocks was reported Dec. 12. The weekly Petroleum Status Report showed US oil production dropped 100,00...
  • American Petroleum Institute

Disclaimer: 

News releases are maintained for general information.This is not intended to be a substitute for formal legal disclosures related to HEYCO Energy Group and its partners.