Industry

Drilling technology expert National Oilwell Varco Inc., which has steadily shifted its operational focus to U.S. land business, booked 75,000 hydraulic horsepower (hhp) fracturing equipment orders during the first quarter, bringing its total at the end of March to 150,000 hhp.

Two years after Texas reaffirmed state primacy over the regulation of oil and natural gas drilling activities, a state lawmaker has introduced a bill that would give some control back to municipalities.

A bill introduced in the West Virginia House of Delegates would exempt 29,000 oil and natural gas industry storage tanks from a law passed in 2014 aimed at better protecting public water supplies in the state from industrial chemicals.

Groups representing the oil and gas industry said they backed the vote by Congress to repeal a rule by the Interior Department’s Bureau of Land Management (BLM) that called for revisions to its resource management planning process.

Groups representing the oil and gas industry said they backed the vote by Congress to repeal a rule by the Interior Department’s Bureau of Land Management (BLM) that called for revisions to its resource management planning process.

More stringent financial assurance requirements for offshore production facilities, roundly criticized by the oil and gas industry, were withdrawn late Friday to allow the Trump administration time to review them.

While the oil and natural gas sector recovery is in progress, there is a danger of a “sharp snap back” in costs for oilfield equipment and services, warns consultancy AlixPartners in a new study. Further, companies that have not yet restructured are in for tough sledding as the competition has gotten leaner and more efficient.

Following oil and gas industry pushback, the Bureau of Ocean Energy Management (BOEM) has extended a deadline to implement more stringent financial assurance and risk management requirements to ensure operators are able to pay for decommissioning and removing offshore production facilities.

Democrats who serve on the Senate Environment and Public Works Committee are calling on Oklahoma Attorney General (AG) Scott Pruitt, who is President-elect Trump’s pick to head the Environmental Protection Agency (EPA), to detail his ties to the oil and gas industry.