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Pacific National Capital 's Daily Oil & Gas News

Dallas Fed: Oil, Gas Activity Flat in 2Q
After three years of growth, activity in the oil and gas sector was flat in the second quarter, according to energy executives surveyed in the Dallas Fed?s quarterly energy survey.

Why Rapid Shale Production is a Perk
The accelerated production of shale wells leaves them uniquely positioned to take advantage of the peaks and plateaus in oil prices.

Offshore's Future Constrained by Cash Problems?
Hit by high debt levels and low dayrates for vessels and rigs, companies are struggling to refinance operations.

South Africa Creating New Oil, Gas Policy to Bolster Growth
South Africa is working on a policy to govern the development of oil and gas resources.

Drillers Using Fuel to Power Fracking Operations
Drillers have found a new use for the glut of natural gas that's sent prices for the fuel below zero in America's biggest shale patch: use it to power fracking operations.

Aramco Plans $6B Expansion at Korean Refinery
Saudi Aramco is planning a $6 billion expansion at its South Korean refining unit as the state-owned producer signs deals to ensure long-term demand for its crude in Asia.

Crude Oil Mixed Again Amid Mixed Signals
For the second consecutive day, "mixed" describes WTI and Brent price movements.

Water Woes Could be a Boon for Pipeline Companies
Thanks to booming US oil production, pipeline operators may be in the best position to expand into the water-handling business.

Fluor Wins Colombia Turnaround Contract
Ecopetrol has awarded a consortium including Fluor's Stork unit a plant turnaround services contract.

Baker Hughes Enters JV to Deploy Artificial Intelligence
Baker Hughes, a GE Company has entered into a joint venture with Artificial Intelligence software provider to accelerate the digital transformation in the oil and gas industry.

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