NOW Inc. announced that its board of directors has
Dick Alario as interim CEO, replacing Robert Workman. Workman will no longer serve on the company’s board. The DistributionNOW board is in the process of engaging a search firm to assist with the recruitment of a full-time CEO. Alario ...
Flowserve Corporation has
appointed Amy B. Schwetz
as senior vice president and chief financial officer, effective February 24, 2020. Schwetz joins Flowserve having been the executive vice president and chief financial officer at Peabody. She also serves on the board of directors for Dril-Quip, Inc.
According to the Kansas City Fed, energy activity continued to drop in the fourth quarter of 2019. The drilling and business activity index
fell from -23 to -48
, indicating a continued, significant decrease in activity following a slight expansion earlier in 2019. However, the revenues index improved...
For two years in a row, since 2018, the Railroad Commission of Texas has set a
of taking just two days on average to process standard drilling permits, one day below the legislative requirement. In 2019 the commission processed a total of 11,654 new drilling permits. Standard drilling ...
The U.S. Senate passed the United States-Mexico-Canada Agreement (USMCA) on Thursday by a vote of 89-10. The trade legislation now heads to the president’s desk where he will sign it, likely sometime next week.
“USMCA is expected to boost economic growth and job creation, though only mode...
The U.S. Energy Information Administration (EIA) estimates that annual average U.S. crude oil production reached a new record of 12.2 million b/d in 2019, up 1.3 million b/d from 2018.
U.S. crude oil production to average 13.3 million b/d in 2020 and 13.7 million b/d in 2021. More produc...