President Bush is deciding whether to lift a ban on oil and gas drilling in federal waters off Alaska’s Bristol Bay, home to endangered whales and sea lions and the world’s largest sockeye salmon run.
Leasing in a portion of the area rich in oil and natural gas ended nearly two decades ago — while Bush’s [...]

Dril-Quip, Inc. today announced that the Company has recently been awarded orders for the supply of Dril-Quip Drilling Riser Systems for three newbuild deepwater floating drilling rigs. These orders have a total value of approximately $75 million and are scheduled for delivery during 2008 and 2009. Including these new orders, the Company’s current backlog is [...]

Just a few months ago House Republicans and representatives of the energy industry were poised to rewrite a quarter century of U.S. energy policy and open the seas off the Atlantic and Pacific coasts to oil and gas drilling that environmentalists had fervently resisted.
But the Democratic victory in the midterm elections on Tuesday has changed [...]

Just a few months ago House Republicans and representatives of the energy industry were poised to rewrite a quarter-century of national energy policy and open the seas off the Atlantic and Pacific coasts to oil and gas drilling, which environmentalists had fervently resisted.
But Tuesday’s Democratic victory in midterm elections has changed the legislative landscape, obliterating [...]

Allis-Chalmers Energy Inc. announced that it has entered into a definitive agreement to purchase substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana based corporation that provides rental tools to both offshore and onshore exploration and production companies. The consideration for the acquisition of the assets will consist of cash [...]