Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today provided the following operational and divestiture update. Permian In Ward County, Texas, Abraxas successfully completed the 4,963 foot effective lateral of the Caprito 99-101H with a 25 stage completion. The results of the well significantly exceeded expectations with a 24-hour IP [...]

Singapore, Dec 30 (Reuters) – Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate (WTI) crude futures were up 23 cents to $54.00 at [...]

In September 2016 the privately owned Norwegian EPC Contractor Imenco AS launched a new division Imenco Corrosion Technology to concentrate on the promotion of its field proven anode systems globally to the offshore renewable energy sector and into late life assets in the oil and gas industry. Imenco Corrosion Technology [...]

precisely one month left in his White House tenure, President Barack Obama provoked the ire of the offshore oil and gas industry with a ban on new offshore drilling on hundreds of millions of federal acres in the Arctic and Atlantic Ocean. In a statement, the Obama Administration cited a [...]

Cityfibre’s 120km long and 1Gbps capable fibre optic (FTTP)network in the city of Peterborough (East England) has been given a boost today after GreenCity Solutions invested £1.5m to help connect “hundreds more” local businesses to the network. Rob Baldacci, Owner of GreenCity Solutions, said, “Since the launch of CityFibre’s network [...]

(Bloomberg) -- America’s shale gas drillers are back to looking for the next big play. On Wednesday, Gulfport Energy Corp. struck a deal to buy acreage in an oil and natural gas field in Oklahoma known as Scoop for $1.85 billion, marking its first foray in a region that Newfield [...]

Experts in the world-wide offshore mining community are being invited to play their part in a major oceanic engineering conference taking place in Scotland next year. High quality technical and scientific papers are being sought for the 60TH IEEE/MTS OCEANS Conference and Exhibition, which takes place in Aberdeen from June [...]

The B4RN (Broadband for the Rural North) project, which has been busy rolling out a 1000Mbps community built and funded fibre optic (FTTP/H) broadband network to rural homes in parts of Lancashire, Cumbria and Yorkshire, has now activated its 2,450th connection and they continue to expand. JFDI. The latest total [...]

For a fourth consecutive year, Chevron Corp. will reduce spending in its capital budget, which is expected to make its 2017 capital investment plan less than that for 2016 by about 15 percent. Chairman and CEO John Watson said the $19.8-billion plan – representing a 42-percent drop from 2015 – [...]

NEL, the flow measurement specialist, has completed a major upgrade of its Densitometer Calibration Facility – the only independent calibration facility of this type in the UK. The newly upgraded test facility will significantly reduce instrument testing turnaround times by 30 per cent. The facility’s enhanced capabilities allow greater flexibility [...]

Bad news for BT today. Ofcom confirms that it has been unable to reach a voluntary agreement over the future of Openreach and would now force the operator to adopt “legal separation“. A new UK framework for the next decade of telecoms and broadband regulation will now be established. Openreach [...]

Following months of global oil market angst, the Organization of Oil Producing Countries (OPEC) has agreed to cut its crude production Jan. 1 by more than 1 million barrels per day (MMbpd) to 32.5 MMbpd. The International Energy Agency has estimated that as a group, OPEC currently produces 33.8 million [...]