Permian Drilling Record Reported
A unit of Surge Energy US Holdings Co. has reportedly drilled a record-setting lateral in the Permian Basin. Moss Creek Resources Holdings, Inc., a unit of Surge Energy US Holdings Continue Reading
LNG Approvals Boost America’s Export Outlook
America is set to become an even bigger player in the global liquefied natural gas market after the nation’s top regulator approved two more projects to export the super-chilled fuel. Continue Reading
Schlumberger Looks Overseas for Offshore, Exploration Growth
The company sees growth in the shallow-water markets, followed by an expansion in deepwater spend in 2020. (Bloomberg) — Schlumberger Ltd. said parts of its international business are finally starting Continue Reading
U.S. oil drillers cut rigs for first week in three: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country’s largest oil fields, Continue Reading
Schlumberger posts profit drop, sees international spending rising
Oilfield services provider Schlumberger NV on Thursday forecast rising international and offshore exploration spending this year, after posting a 20 percent drop in first-quarter profit due to weak North American Continue Reading
The Undeniable Signs Of A Shale Slowdown
The world’s largest oilfield services company said its earnings were hit in the first quarter because of a slowdown in shale drilling activity. “First-quarter revenue of $7.9 billion declined 4% Continue Reading
U.S. Greenlights Two Major LNG Export Projects
The U.S. Federal Energy Regulatory Commission (FERC) approved on Thursday two liquefied natural gas (LNG) projects that will add to the growing U.S. export capacity of the super-chilled fuel. FERC Continue Reading
U.S. Gulf Coast Crude Oil Imports Hit Lowest In Three Decades
Imports of crude oil to the U.S. Gulf Coast dived to their lowest level in almost three decades last week, due to OPEC’s production cuts, unusually low Iraqi shipments, and Continue Reading
US Gas Export Clout Set to Grow
America is set to become an even bigger player in the global liquefied natural gas market after the nation’s top regulator approved two more projects to export the super-chilled fuel. Continue Reading
Climate-Change Protests Disrupt London for Fourth Day, 400 Arrested
Climate-change protesters disrupted central London for a fourth straight day, continuing demonstrations that have seen activists inundate several of the capital’s landmarks and more than 400 people arrested. Extinction Rebellion, Continue Reading