US oil production is set to shoot higher, as shale producers eyeing Opec’s move to support prices are poised to reactivate wells only a few weeks after shutting them. Output could Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 17, falling to 284, with the total oil and Continue Reading
Highlights Gulf producers shut 545,000 b/d and 601 MMcf/d ahead of Cristobal About 10% of US Gulf platforms evacuated US Gulf crude production estimated to fall to 1.6 million b/d Continue Reading
The US oil and gas rig count fell 22 in the week ended June 3 to 311, rig data provider Enervus said, as oil-focused rigs continue to be pulled from Continue Reading
Humans have lived side by side with oil development for over a century, but it’s only recently that scientists started tracking the health consequences of that proximity. A new paper published today Continue Reading
Occidental Petroleum is evacuating some of its Gulf of Mexico oil facilities ahead of the anticipated storm Cristobal, Occidental said on Wednesday. The evacuated workers so far will be limited Continue Reading
What goes up, must come down. And, this is most certainly true for the mighty North Dakota Bakken… the second-largest shale oil-producing region in the United States. Even after the Continue Reading
Pioneer Energy Services Corp. has emerged from Chapter 11 bankruptcy protection, completing its debt restructuring process and implementing the previously announced reorganization plan. In connection with the restructuring, Pioneer slashed Continue Reading
As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will Continue Reading
Oil traders and analysts scrutinizing U.S. inventory data for signs of a market recovery are being confronted by an odd situation. (Bloomberg) — Oil traders and analysts scrutinizing U.S. inventory Continue Reading
