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Oil Press Releases

Leading Lubricant Distributors Combine to Form Cadence Petroleum Group

​​Five of the southeastern United States’ leading lubricant distributors announced on Monday the formation of Cadence Petroleum Group (www.cadencepetroleum.com). The new company includes Pugh Lubricants of Asheboro, NC, Apollo Oil of Winchester, KY, Veteran’s Oil of Bessemer, AL, Halco Lubricants of…

TGT Challenges Industry Norm With Total Business Transformation

TGT Challenges Industry Norm With Total Business Transformation

TGT, the category leader in through-barrier diagnostics for the oilfield services market today unveiled one of the most radical business transformations in its sector. Motivated by a singular purpose – to reveal a greater truth – the company turns the…

EnVen Energy Corporation Announces 'King Crab' Spud and 'GL-5' Mobilization

EnVen Energy Corporation Announces 'King Crab' Spud and 'GL-5' Mobilization

EnVen Energy Corporation (“EnVen”) today announced that it spud its King Crab well on Ewing Bank Block 873 in its Lobster field. The King Crab well targets an oil-focused reservoir approximately 14,000 feet subsea with seismic amplitudes consistent with and comparable…

New Energy Sector Acquisition, Divestment and Commercial Advisory Company is Launched in London

New Energy Sector Acquisition, Divestment and Commercial Advisory Company is Launched in London

A new boutique energy advisory company providing expert commercial consulting and transactional advisory solutions has recently been launched in London called Holt Energy Advisors ("HEA"). Holt Energy Advisors are a team of energy industry professionals led by Chris Starling who was…

Claudio Aballay, Announces Updates on Pennsylvania Project.

​World Oil Group, Inc. (OTC Pink: WOGI) CEO, Claudio Aballay, announces updates on Pennsylvania project. CEO Claudio Aballay stated, “Our primary purpose in hiring Xite is to work with the PA Department of Environmental Protection to bring complete environmental compliance for our operations to…

Surfrider Foundation San Diego Joins the Solar Energy Revolution

Surfrider Foundation San Diego Joins the Solar Energy Revolution

This summer, Surfrider Foundation San Diego and Sullivan Solar Power announced a solar program for Surfrider members aimed at helping members ditch fossil fuels while also giving back to the organization. Eliminating dirty fossil fuels and switching to solar energy…

Wright Drilling & Exploration Discovers Another New Oil Field in Oklahoma

Wright Drilling & Exploration, Inc. announced today the successful drilling and testing of their latest oil well project, DEACON #1, located in Seminole County, Oklahoma. Wright Drilling & Exploration started drilling this well on Aug. 1, reached its total depth…

Denmark's Engiso and Cimbria Consulting Partner to Grow Engineered Solutions in the U.S.

​​Cimbria Consulting today announced its new partnership with ​Engiso, a Danish engineered solutions firm specializing in the V-MAG multipurpose Neodyme magnet series and industrial products for extreme environments. The partnership aims to advance market adoption of Engiso's high-value engineered solutions for wind power,…

Wright Drilling & Exploration Drills Another Successful Oil Well in Oklahoma

Wright Drilling & Exploration, Inc. announced today the successful drilling and testing of their latest oil well project, JULIE #3, located in Okfuskee County, Oklahoma. Scott M. Casper, President of Wright Drilling and Exploration, commented, “With our seasoned team of…

JP3 Receives 2018 Hydrocarbon Processing Award for Best Analyzer Technology

JP3 Measurement, LLC (JP3) is pleased to announce that it has received the Best Analyzer Technology award for 2018 by Hydrocarbon Processing magazine. The award, which was announced at the Houston ceremony on August 30, recognizes the high potential of…

Thermaldyne to Open West Baton Rouge Plant in 2018

Thermaldyne CEO Randall Tolbert today announced that the environmental solutions company has made a $50 million investment in West Baton Rouge which will allow Thermaldyne to open the plant in late 2018. The project will bring 75 new jobs with…

Industrial Motor Power Corp Named Among 2018's Inc. 5000

After more than two years of global marketing expansion, Industrial Motor Power Corporation (IMP) has now been recognized by Inc. Magazine as one of America’s 5,000 fastest growing companies—a list that has included the likes of Microsoft, Oracle, and Under…

From Maps to Megabytes: P2's Tobin Celebrates 90 Years

P2 Energy Solutions is proud to announce that Tobin, its oil and gas information division, is celebrating its 90th year of operation. For the better part of a century, Tobin has set the industry standard for spatial accuracy of oil and…

Wright Drilling & Exploration Discovers Another New Oil Field With Their Ninth Successful Well in Oklahoma

Wright Drilling & Exploration, Inc. announced today the successful drilling and testing of their latest oil well project, BRAZ LEON #1, located in Creek County, Oklahoma. Michael W. Wright, Chairman and Chief Executive Officer of Wright Drilling & Exploration commented,…

Grace Century Research Releases Its 2018 Mid-Year Revisions for Global Financial Outlook

Grace Century, an International Research and Private Equity Consultant based north of Dubai, in the United Arab Emirates, has published its mid-year predications, as they relate to global assets, financial environments, and markets for the coming second half of 2018. This is…

Energy Executive Lord Browne Joins Advisory Board of VC Blue Bear Capital

​Blue Bear Capital, a venture and growth equity fund focused on digital technologies for the energy industry, has announced the appointment Lord Browne of Madingley to its Advisory Board. Lord Browne has an exceptional record of leadership across the energy…

Yokogawa Releases Device Lifecycle Management

Yokogawa Releases Device Lifecycle Management

Yokogawa Electric Corporation (TOKYO: 6841) announces the introduction*1 of Device Lifecycle Management,a new IIoT cloud-basedservice for the management of information on plant assets. This is aninformation management support service for the digitized asset data of the IIoT era.The Device Lifecycle…

Upstart Company Expedi is Re-Inventing Oilfield Servicing in North America

Just six months into product launch, a newly started company, Expedi (www.goexpedi.com), is re-inventing rig servicing for the North American oilfields. Called the Amazon meets Uber for shale drillers, Expedi has created a fully online, rapid-delivery means of supplying critical parts…

EnVen Announces Launch of Offering of Senior Secured Second Lien Notes

EnVen Announces Launch of Offering of Senior Secured Second Lien Notes

EnVen Energy Corporation (the “Company” or “EnVen”) today announced that it has commenced an offering of $325 million aggregate principal amount of senior secured second lien notes due 2023 (the “Notes”) through its wholly-owned subsidiary Energy Ventures GoM LLC (the…

Stockholm IT Ventures AB Announces EGM to Appoint Roger Tamraz to Its Board

Stockholm IT Ventures will be holding an EGM on Jan. 31, 2018, in Nacka, Sweden, to appoint billionaire Roger Tamraz to its board of directors. Roger Tamraz is renowned as a very successful banker and venture capital investor who founded the oil…

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