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New Mexico may have cheaper prices and costs. but it also has some takeaway capacity and oilfield infrastructure constraints.
Read More »Is This The New Sweet Spot For Shale?
Oil Markets in ‘Wait-and-See’ Mode Ahead of OPEC Meeting
Baker Hughes reported on Friday that the number of U.S. rigs drilling for oil was unchanged at 738. having risen by nine the previous week.
Read More »Oil Markets Cautious on Middle East Tensions. Increased U.S. Drilling
U.S. oil producers have raised output C-OUT-T-EIA by more than 14 percent since mid-2016 to a record 9.62 million barrels per day.
Read More »US Oil Rig Count Jumps by 9. Price up More Than 2% for the Week
The natural gas rig count remained unchanged with a total of 169 this week.
Read More »US Oil Rig Count Jumps by 9. Price up More Than 2% for the Week
The natural gas rig count remained unchanged with a total of 169 this week.
Read More »Venezuela’s Rig Count Is at a 14-Year Low
Venezuela lost the top spot to Brazil amid triple-digit inflation. unpaid debts to oil-service companies and lack of investment.
Read More »U.S. Oil Service Firms Face Hit from Venezuela Debt Restructuring
Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.
Read More »Offshore Investment Returning to Brazil. Mexico and Guinea
Latin America'.s active drilling rig count stood at 190 in May. further proof of the upward trend in E&.P investment.
Read More »Baker Hughes Wins Major Deal for Egypt`s Zohr Gasfield
Project has potential to meet Egypt’s growing gas demand and save the country billions of dollars.
Read More »Baker Hughes to Increase Operational Effectiveness in Turkey
Dating back to the 1900s. Baker Hughes is a leading supplier of oil field services. products. technology and systems to the worldwide oil and natural gas industry.
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