Shale Drillers Face Record Cost Pressures
Oil drillers in the biggest U.S. fields are shouldering record costs. Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are Continue Reading
A Look At Big Oil’s Spending Plans For 2022
Mounting uncertainty about the energy transition keeps oil and gas companies from spending more Strategic choices in investment in clean energy solutions, responding to the pressure to decarbonize, and portfolio Continue Reading
US Gulf of Mexico deepwater activity may increase in 2022
Highlights Mad Dog, Vito are two of biggest 2022 startups 3 Murphy fields expected online next year US Gulf oil output to rise to 2 million b/d More deepwater exploration Continue Reading
Southeast Asia’s Oil And Gas Output May Never Recover To Pre-COVID Levels
The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production Daily average hydrocarbon production tumbled to 4.86 million boepd in 2021 Operators Continue Reading
Top Headlines: Oil May Hit $380 Per Barrel and More
Check out some of Rigzone’s top stories this week. Here are some of Rigzone’s top stories during the last week, just in case you missed them… Oil May Hit $380 Continue Reading
U.S. Oil Rig Count Jumps Along With Crude Prices
The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave Continue Reading
Lukoil Produces 700MM+ Barrels Of Oil At Field In Caspian
Lukoil has reached a major milestone at its offshore Vladimir Filanovsky field located in the Caspian Sea. Russian oil and gas company Lukoil has reached a major milestone at its Continue Reading
U.S. Crude Oil Production Saw The Biggest Drop On Record In 2020
Slashed drilling activity and low oil prices led to the largest decline in annual average crude oil production in the United States in 2020 U.S. crude oil production averaged 11.3 Continue Reading
Russian crude oil output expected to rise in 2022 despite demand concerns
Highlights OPEC+ quotas, drilling programs to increase output capacity Output could rise by nearly 500,000 b/d by June on Nov 2021 levels Omicron, sanctions, strategic reserves releases could affect output Continue Reading
Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021
As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent Liquids continue to dominate the hydrocarbon mix, making up Continue Reading