China probing emerging UAE reserves
The state oil company in Abu Dhabi said it signed contracts with a Chinese counterpart to carry out the world’s largest surveys for new hydrocarbon reserves. The Abu Dhabi National Continue Reading
U.S. drillers cut rigs by most since March this week: Baker Hughes
U.S. energy companies this week cut oil rigs by the most in a week since March as the rate of growth has slowed over the past month or so with Continue Reading
Spend more, oilfield services company Schlumberger pleads
The head of oilfield services company Schlumberger said Friday major investments in exploration and production are needed to counter supply-side pressures. “Despite OPEC’s recent decision to increase production, the global Continue Reading
Baker Hughes sees bright skies ahead
Landing work in some of the largest international oil and gas projects, Baker Hughes said Friday it was expecting growth on a global scale. Baker Hughes, operating for now under Continue Reading
Rig Count Drops As U.S. Crude Output Hit 11 Million Bpd
Baker Hughes reported a decreased number of active oil and gas rigs in the United States on Friday. Oil and gas rigs decreased by 8 rigs , according to the Continue Reading
Goldman Predicts Major Solar Market Contraction
Sweltering temperatures and a ton of sun aren’t enough to make this a good year for solar, with Goldman Sachs chiming in—again—with a dismal prediction: Global solar installations will decline Continue Reading
Baker Hughes: US Drillers Cut Rigs By Most Since March This Week
U.S. energy companies this week cut oil rigs by the most in a week since March as the rate of growth has slowed over the past month or so with Continue Reading
U.S. oil industry lobbies against tighter sanctions on Russia
WASHINGTON (Reuters) – The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday. The U.S. Senate Continue Reading
U.S. crude oil floods into Italy as Libyan supplies falter
Italy’s imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the Continue Reading
Norway Oil Strike Ends Just As Another Is Set to Begin
Britain’s largest workers union, Unite the Union, threatened strike action on Equinor’s Mariner oil platform, the union said on Friday, and yet another strike on Total’s North Sea fields is Continue Reading