Tag Archives: United States of America

The U.S. Department of Energy has awarded contracts for the sale of 10.1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) as part of a recent Congressionally-directed SPR crude oil sale. The Department of Energy’s Office of Fossil Energy issued in early February 2021 a notice of …

The U.S. rotary rig count increased by six to 384 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating rigs Baker Hughes noted that all six of the additional U.S. drilling units are oil rigs, a subset that now totals 295. The …

US-based engineers have joined forces to develop high-voltage reference batteries for behind-the-meter energy storage applications, based on a bipolar technology that uses silicon wafers in traditional lead batteries. The wafers are similar to those in photovoltaic cells and the idea is that the development becomes a ‘plug and play’ solar-powered …

The US Senate confirmed former Michigan Governor Jennifer Granholm on 25 February to head the Department of Energy (DOE) despite opposition from a majority of Republicans. After a 65-34 vote, Granholm will now head an agency that is charged with overseeing and implementing US energy policy, including the use of …

The Egyptian Ministry of Petroleum and global oilfield services provider Schlumberger have announced the launch of the Egypt Upstream Gateway, an innovative national project for the digitalization of subsurface information. This digital platform will also enable global access to the country’s subsurface data, which is kept evergreen by enhancing legacy …

The number of rotary drilling rigs operating in the United States remained flat this week, Baker Hughes Co. reported Friday. Against figures from a week ago, the latest 397-rig U.S. count reflects a one-unit drop in oil rigs (to 305) and a one-unit increase in gas rigs (to 90). Baker …

An anomalous cold snap disrupted well operations across the central United States, prompting total US oil production to contract by approximately 40 percent, with crude output dropping by more than 4 million barrels a day nationwide, according to traders and industry executives cited by Bloomberg. US crude prices soared to …

The US remains on standby to impose sanctions against companies involved in completing the Nord Stream 2 gas pipeline from Russia to Germany, while diplomatic efforts to reach a compromise over the controversial project continue. White House press secretary Jen Psaki said late Feb. 16 in a briefing that Washington …

Oil prices jumped on Tuesday due to weather affecting wells and refineries in Texas, the world’s biggest oil producer. Concerns of supply in the world’s biggest oil exporter also edged prices higher due to tensions in the Middle East. Brent crude was up 35 cents, or 0.6%, at $63.65 a …

Iran said an attempt by the U.S. government to seize 2 million barrels of oil aboard a Greek-owned tanker was “an act of piracy,” as tensions between Washington and the Islamic Republic show little sign of easing under Joe Biden’s presidency. Washington claims the crude on the Achilleas ship was …