US energy firms cut the number of oil and natural gas rigs operating to a record low for a 15th week even as higher oil prices prompt some producers to start drilling again. The US oil and gas rig count, an early indicator of future output, fell by three to …
Read More »Saudi`s $100 Billion Shale Plan
Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.
Read More »US Oil Rig Count Falls Slightly As Producers Cut Spending
The U.S. Energy Information Administration projected crude output will rise about 8% in 2020.
Read More »Oil Prices Down with Virus Rebound and Libya Risks
On Friday. Brent closed at $58.30 while WTI saw prices of $53.38 per barrel.
Read More »Digital Tech could Make Oil Industry Attractive
Younger generations aren’t hearing the calling to an oil industry that is gearing up for a dramatic talent shortage as mature experts begin to retire.
Read More »Record 9GW Wind Power Added in the US in 2019
In addition. 44GW of wind power projects. representing more than $62bn in investment. are either under construction or in advanced development.
Read More »Shale still Challenging OPEC’s Output Strategy
The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.
Read More »Higher Oil Price and Production Forecast in the US
Production is projected to rise by 30.000 barrels per day. according to the Energy Information Administration.
Read More »ADNOC Drilling Completes Its First Offshore Integrated Drilling Services Well
ADNOC Drilling announced the completion of its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield.
Read More »Crude Oil Futures Fall on Escalating US-China Trade Tensions
The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1.
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