US onshore rig day rates jump as glut fades
Perhaps the most surprising sign of a recovery in the US onshore drilling industry has been the abrupt about-face for day rates, an analysis by RigData, a unit of S&P Continue Reading
East Coast refiners eye Texas oil as North Dakota alternative
U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in Continue Reading
Trump to sign offshore orders as 100th day in office, shutdown near
Ahead of his 100th day in the White House on Saturday, President Trump is expected this week to unveil details of major policy initiatives, including executive orders aimed at expanding Continue Reading
U.S. drillers add oil rigs for 14th week in a row -Baker Hughes
U.S. drillers added oil rigs for a 14th week in a row, extending an 11-month recovery that is expected to boost U.S. shale production in May in the biggest monthly Continue Reading
U.S. Oil Drilling Growth Shows First Signs of Cooling Off
U.S. oil drillers slowed the pace of a months-long expansion as investors worry that growing shale production will ruin OPEC’s efforts to prop up prices. Drillers added 5 rigs targeting Continue Reading
More oil production possible from Texas shale
Exploration and production activity in the Permian basin shows the area could respond with major output once conditions improve, the Dallas Fed said. The Federal Reserve Bank of Dallas in Continue Reading
Exxon Is Going Primetime With The World’s Next Shale Hotspot
The U.S. shale sector continues to be the hottest spot in natural resources investment. But news this week suggests America’s oil and gas industry may have a new rival — Continue Reading
US E&P Budgets Rebound, Grow For First Time Since 2014 Downturn
Exploration and production (E&P) spending in the United States will increase this year for the first time since the 2014 downturn, which roiled the industry for two years rife with Continue Reading
Offshore Crude Backlog Haunts Oil Price Recovery
Oil is trying to recover after yesterday’s shellacking, but oversupply fears still remain. As rumors and murmurs circulate about an extension to the OPEC production cut, hark, here are five Continue Reading
Oil Majors See Huge Opportunity In Eastern Mediterranean
Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of Continue Reading