- It’s a whole new oil world for the U.S.
After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared by millions of barrels a day. This surge has been a key factor driving oil prices down.
Recent industry news
Calling it a casualty of low oil and gas prices, the American Association of Professional Landmen canceled its Pittsburgh NAPE Expo, scheduled for mid-April at the David L. Lawrence Convention Center, Downtown. [1/21/2015 12:03:12 PM]
Oil services company Baker Hughes Inc. will lay off about 7,000 workers — likely including hundreds in Canada — as it prepares for a downturn in orders because of the plunge in crude prices, the company said Tuesday. [1/21/2015 11:54:34 AM]
The Offshore West Africa (OWA), an international oil and gas conference and exhibition kicked off in Nigeria on Tuesday to seek ways of improving the sector in the West African country, which is the top oil producer in the continent. [1/21/2015 2:20:08 AM]
Prince Saud bin Naif, governor of the Eastern Province, will patronize the sixth Saudi International Exhibition for Oil and Gas, starting in Dhahran on Monday.
Dhahran International Exhibitions Company is organizing the event on Monday ... [1/21/2015 2:15:54 AM]
- Obama: America is No. 1 producer of oil, gas
The United States is on top of the world in terms of energy production, President Barack Obama said during his sixth State of the Union.
"We believed we could reduce our dependence on ...[1/21/2015 12:12:31 PM]
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