The US total oil and natural gas rig count fell by 14 week on week to 1,076, according to S&P Global Platts Analytics, continuing a recent see-saw despite domestic oil Continue Reading
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
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. 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
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 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
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
U.S. crude oil stockpiles fell unexpectedly last week as imports dropped, while gasoline and distillate inventories decreased less than forecasts, the Energy Information Administration said on Wednesday. Crude inventories fell Continue Reading
U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 12, 2019, which was 22,000 barrels per day less than the previous week’s average. Continue Reading
The U.S. shale boom is upending global oil markets as far as crude flows from West Africa to Europe and other parts of the world, and is squeezing in particular Continue Reading
