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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 in ‘Wait-and-See’ Mode Ahead of OPEC Meeting
Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
Tesla is far from alone in trying to electrify semi trucks.
Read More »Citgo is Key Link between US and Venezuela
In 2015. PDVSA sought to sell Citgo but was unable to find a buyer.
Read More »Oil Edges Up as Expected Extension of OPEC Cuts Counters Rising U.S. Supplies
U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel. 6 cents up from their last settlement.
Read More »U.S. Shale to Beat Saudi Production Growth
This production growth rate will turn the United States from a net importer of oil into a net exporter by 2025.
Read More »Is U.S. Energy Independence In Sight?
Natural gas production turned upward in 2006 and would rise by 50% over the next decade.
Read More »China Moves in on US Shale Gas
Alaska and West Virginia have welcomed investment from Chinese entities to develop US shale resources
Read More »Halliburton Launches New High-Speed Telemetry Service
The JetPulse service transmits downhole data consistently over wide depth ranges and complex well trajectories with physical data rates up to 18 bits-per-second.
Read More »Russian PM: New US Sanctions against Moscow will Derail Ties for Decades
Russia'.s Prime Minister is sure that the main aim of the anti-Russian US sanctions is to increse American LNG deliveries to Europe.
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.
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