Rigzone Industry News

The funding supports tech development to reduce or eliminate the need for natural gas flaring at oil production sites.

Nine states and five tribal nations have been awarded a total of $125 million.

'Four tropical storms formed within a 39-hour timeframe from August 20-22, followed by another two systems in the last week of the month'.

'We have never been in such a good position to negotiate contracts'.

The deal gives Wood contracts worth a combined $330 million.

Workers will hold 'rolling 24 x 1 hour stoppages'.

'The decisions surprised oil markets, and prices reacted strongly and suddenly following the announcements'.

The purchase of the Wyoming assets is pegged at $885 million.

The assets will add about 23,000 boepd to Peyto's production.

'Around 133,000 of these were direct and indirect jobs'.