The American Petroleum Institute’s latest statistics for US crude oil production show output for the month of August at its highest level in a quarter of a century. Production averaged more than 7 million barrels per day in August for the tenth consecutive month, according to API. “U.S. crude oil production in August increased by 1.2… Keep reading →
Silver Spring Networks topped Inc. Magazine’s rankings. The editors at Inc. magazine have released their rankings of the 5,000 fastest-growing companies in America. The list offers an interesting snapshot of where growth is taking place in the energy sector. The boom in America’s unconventional oil and gas development is clearly evident on the list. Out of the 110 energy… Keep reading →
Some of the world’s leading oil field service companies are accused of anticompetitive behavior in which the firms allegedly colluded to manipulate the hydraulic fracturing services market. The companies face a class action lawsuit under the Sherman Antitrust Act. “The class action complaint alleges that major oilfield services companies conspired to manipulate the market for… Keep reading →
