Monthly Archives: October 2015


Rig Count Falls as Oil Drilling Companies Struggle to Increase Production

Rig Count Falls as Oil Drilling Companies Struggle to Increase Production

Amid the recent downturn in the oil and gas industry exploration, drilling and production companies are struggling to stay active and profitable. Currently oil futures are trading at around $45 a barrel, which is about half the price they were this time last year. Signs of relief don’t appear to be in the immediate future either. The Houston-based oilfield services company, Baker Hughes Inc., released...

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Bush’s Plan to End Petroleum Ban Could be Boost the Industry Needs

Bush’s Plan to End Petroleum Ban Could be Boost the Industry Needs

Whether it’s a blatant attempt to gain traction in the polls or just the right time to get the conversation going, Jeb Bush announced on Tuesday (9/29) his plans to get rid of the ban on U.S. oil exports and ease current restrictions on natural gas exports, according to the business news site economictimes.com. He believes doing so could have an immediate impact on those...

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Innovative Drilling Technology Could Help the Industry Through Recent Tough Times

Innovative Drilling Technology Could Help the Industry Through Recent Tough Times

Master Drilling is one of the largest providers of oil and gas drilling equipment and services including exploration-stage, capital project-stage, and production stage drilling. Through their services the South African-based company has helped grow the global proved oil reserves by 27% (over 350 billion barrels) over the past decade. They’re also one of the only companies in the business making significant profits during the recent...

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Natural Gas on the Fast Track as Oil Continues to Struggle

Natural Gas on the Fast Track as Oil Continues to Struggle

Oil and gas appear to be headed in different directions as far as overall outlook for the moment at least. Gas prices continue to fall as crude oil barrels hover around some of the lowest rates seen in years, but one sector of drill rig companies should see a boost soon. A recent report from Cobank, the agricultural credit bank, shows positive signs for the...

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Industry Experts Converge at Rice Alliance’s 13th Annual Energy and Clean Technology Venture Forum

Industry Experts Converge at Rice Alliance’s 13th Annual Energy and Clean Technology Venture Forum

Earlier this month the Rice Alliance for Technology and Entrepreneurship (Rice Alliance) held the 13th Annual Energy and Clean Technology Venture Forum in Houston. It’s an industry convention-type conference billed as the largest of its kind in the southwest. It’s an event anyone with an interest in the energy field will enjoy and learn from, according to its website Alliance.Rice.edu. “This event represents an opportunity...

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Shell’s Offshore Alaska Drilling Project to End Due to Money and Efficiency Concerns

Shell’s Offshore Alaska Drilling Project to End Due to Money and Efficiency Concerns

Despite there being only enough oil reserves to currently meet about 53 years of production, one region with the potential to increase that number took a devastating blow. The Royal Dutch Shell Oil Company announced Sunday they’re stopping their exploration and drilling project off the shore of Alaska, in the Chukchi Sea, because of cost-effective concerns. The company believes there may not be enough obtainable...

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