Industry

Pressure pumping manufacturer Weir Oil & Gas said Monday it is teaming up with a unit of Rolls Royce plc to provide what they claim is the industry’s first integrated hydraulic fracturing system, as efficiency moves front and center.

Pressure pumping manufacturer Weir Oil & Gas said Monday it is teaming up with a unit of Rolls Royce plc to provide what they claim is the industry’s first integrated hydraulic fracturing system, as efficiency moves front and center.

Sorry, but the recent notch up in crude oil prices shouldn’t be enough to bring joy to the energy patch. Job losses continue to pile up and nearly every indicator points to more pain for the oil and natural gas industry, a Texas economist said.

Sorry, but the recent notch up in crude oil prices shouldn’t be enough to bring joy to the energy patch. Job losses continue to pile up and nearly every indicator points to more pain for the oil and natural gas industry, a Texas economist said.

About 40% of the U.S. chemical industry investment being spurred by the American shale gas revolution is either completed or under way, with another 55% in the planning phase, according to the American Chemistry Council (ACC).

Nearly 40% of the proppant capacity in the U.S. drilling industry, an estimated 20 million tons of sand and resin-coated proppants (RCP), have been idled or reduced over the past year, leaving little wiggle room for growth this year, industry suppliers lamented during recent quarterly conference calls.

The United States Department of Labor (DOL) revealed Monday that four oil and gas companies owe $1.6 million in back wages to more than 2,500 workers across nine states.

Aubrey McClendon, who died suddenly on Wednesday, was considered an ambitious risk-taker, a dreamer, at times reckless and shrewd, but there is no denying that for a time, as the chief architect of Chesapeake Energy Corp., he was the King of Shale, overseeing the largest store of natural gas leaseholds in the country.

An executive representing natural gas processors criticized U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy for her comments at IHS CERAWeek in Houston, where she appeared to suggest that the agency isn’t a big regulator of the oil and gas industry.