The U.S. rig count peaked at 4.530 in 1981. It bottomed out in May of 2016 at 404.
Read More »Senators Urge Trump to Avoid Blockade of Venezuela Oil Shipments
A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.
Read More »Eni. Anadarko Cooperate in Mozambique LNG Projects
This is a key milestone on the path to a final investment decision for our initial two-train LNG project.
Read More »Baker Hughes to Provide Full Stream Services for Pasca Offshore Project in Gulf of Papua
The project’s first phase includes initial production of NGLs. including condensate and LPG. Dry gas will be exported during the second phase of the project.
Read More »US Sanctions Impact Gazprom’s Position in Ukraine Gas Transit Talks
US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.
Read More »New US Sanctions on Russia Increase Uncertainty on European Gas Markets
The U.S.'. latest law imposing new sanctions on Russia materially increases uncertainty in European gas markets.
Read More »Engineers produce long lasting. energy density battery
A new generation of manganese dioxide-zinc batteries with unprecedented cycle life and energy density has now been revealed by scientists
Read More »US Shale Production Decline
Shares of major shale producers. including Pioneer Natural Resources Co. and EOG Resources Inc.. tumbled this week as investors began to lose confidence in the prolific Permian basin.
Read More »Baker Hughes Rig Count Falls for Second Time in Three Weeks
The U.S. rig count is up 490 rigs from this time last year when it stood at 464. according to Baker Hughes.
Read More »Russian Energy Ministry Slams New EU Sanctions as Unlawful
According to the Russian Energy Ministry. it expects the EU to further clarify its decision to blacklist two of the ministry’s officials.
Read More »