Tag Archives: roughneck

Phillips 66 Converting Louisiana Refinery

#oilandgas#oilfield#refinery#oil#drilling#rougnck#cowboy Phillips 66 (NYSE: PSX) has announced that it plans to convert its Alliance Refinery in Belle Chasse, Louisiana, to a terminal facility. The conversion is expected to take place in 2022, Phillips 66 highlighted. The refinery employs approximately 500 employees and 400 contractors, according to the company. “We made this decision after exploring several […]

Biden Gulf of Mexico Lease Sale Results Are In

#oil and gas, #oilfield, #gulf of mexico, #drilling, #roughneck, #cowboy he Bureau of Ocean Energy Management (BOEM) has announced that Gulf of Mexico Lease Sale 257 generated $191,688,984 in high bids for 308 tracts covering 1.7 million acres in federal waters of the Gulf of Mexico (GOM). A total of 33 companies participated in the […]

Shell Ditches Dutch from Name

#oilfield, #oiland gas, #Shell, #drilling, #oil, #rig Royal Dutch Shell Plc announced a major overhaul of its legal and tax structure that will see the company walk away from the Netherlands amid deteriorating relations with what’s been its home country for a century. The changes come as Shell is battling activist investor Dan Loeb, who’s […]

Colgate continues expansion in Delaware Basin

#oilfield Midland-based Colgate Energy said this week it is continuing expansion in Delaware Basin by agreeing to purchase from an undisclosed seller about 22,000 net acres in Eddy and Lea counties in New Mexico for $190 million.  The majority of the assets directly offset Colgate’s legacy Parkway operating area with current average net daily production […]

Transocean Awarded 2 Contracts in USA Gulf of Mexico

oilfield Transocean Ltd. (NYSE: RIG) has announced that it has been awarded two contracts, which, on aggregate, contribute approximately $55.5 million in backlog. The company noted that the Deepwater Conqueror was awarded a one well deal with a “major operator” in the U.S. Gulf of Mexico. The value of this contract adds approximately 85 days and $28.5 million in backlog, according to Transocean. The Deepwater […]