U.S. energy companies accelerated the rate of growth in oil rigs added over the past four weeks by the most since 2012 as drillers take advantage of a rise in Continue Reading
Record prices for drilling rights in the Permian Basin, the most fertile U.S. shale field, are prompting oil companies and private equity investors to look elsewhere for the next big Continue Reading
The number of rigs drilling for oil in the U.S. rose by 8 in the past week to 591, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig Continue Reading
U.S. oil exports are on the rise, fueled by comparatively higher prices for foreign oil they compete with and lower shipping rates. But analysts say any further increases in exports Continue Reading
LNG exports from the US’ Sabine Pass hit a record in January this year, according to data from Platts Analytics, Friday. Export volumes reached 1.476 Bcm of gas equivalent, versus Continue Reading
In 2017, the offshore rig market is not expected to recover to the levels some had forecasted. In 2017, the offshore rig market is not expected to recover to the Continue Reading
Despite having just one-fifth of the world’s shale resources, advantages in the US and Canada mean the countries will continue to monopolize the market, according to a new Raymond James Continue Reading
Russia is set to post higher exports of Urals crude for the first half of this year despite cutting oil production ahead of schedule under a deal with OPEC aimed Continue Reading
A move by the French government to budget for more solar and hydropower projects on its grid was endorsed Friday by the European Commission. The French government said new solar Continue Reading
Russia’s Central Bank Gov. Elvira Nabiullina says the economy will grow even if the price of oil moves back toward $40 per barrel. Photo courtesy of the Central Bank of Continue Reading
