Final sea trials for the Blue Whale II underwater drilling rig are now underway , according to the technology’s producer, CIMC Raffles, marking a new milestone drilling rig developments. The Continue Reading
Oil prices pulled back slightly following the release of the Baker Hughes rig count report, but geopolitical risk still remains, and with the assumption that OPEC will extend its production Continue Reading
Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating, and Continue Reading
The fracking debate reached its zenith a few years ago, with the industry largely winning the war over environmentalists. Since then, tens of thousands of wells have been drilled across Continue Reading
U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending November 3, 2017, 290,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, exports tumbled and production inched up to its highest since at least 1983, the Energy Information Administration said on Continue Reading
Royal Dutch Shell Plc shut its Enchilada platform in the U.S. Gulf of Mexico on Wednesday after an operational incident that caused injuries to two people. The U.S. Coast Guard Continue Reading
Though constrained somewhat by hurricanes, U.S. shale oil producer Continental Resources said production should finish out the year on a high note. Full production during the third quarter for Continental Continue Reading
Crude oil production in the Bakken shale in North Dakota has been experiencing some major challenges lately, but it is firmly on the growth path, said the state’s Department of Continue Reading
The U.S. Energy Information Administration on Tuesday raised its 2018 world oil demand growth forecast by 80,000 barrels per day to 1.66 million bpd. In its monthly forecast, the agency Continue Reading
