U.S. Oil Rig Count Jumps As Crude Prices Near 3-Year High
The number of oil and gas rigs in the United States rose by 9 again this week, according to Baker Hughes The total rig count is now 521, up 260 Continue Reading
U.S. Shale Is Finally Ready To Drill
U.S. shale producers have behaved in an exemplary way in the past year. It wasn’t something the industry wanted to do. It was something it was forced to do by Continue Reading
Baker Hughes’ CEO Warns Of Three Hard Truths About The Energy Transition
Fossil fuels are here to stay. This is the message one oilfield major CEO had for those watching the surge of gas prices in Europe, some with trepidation, others with Continue Reading
A Force Majeure in Canada’s Oil Sands Adds to Crude Supply Woes
Syncrude Canada Ltd. , a light crude producer majority-owned by Suncor Energy Inc. , cut September supplies due to a mechanical disruption at its oil sands site, according to a Continue Reading
U.S. oil refiners use Iraqi, Canadian crudes to replace storm losses -traders
U.S. oil refiners hunting to replace storm-lost U.S. Gulf of Mexico crude have been turning to Iraqi and Canadian oil, while Asian buyers have been pursuing Middle Eastern and Russian Continue Reading
16 Percent Of Crude Oil Production In Gulf Of Mexico Still Offline: BSEE
The aftermath of Hurricane Ida is still curtailing U.S. crude oil production, with 16% of crude oil production in the Gulf of Mexico still offline as of Thursday, according to Continue Reading
Texas adds 2,800 oil exploration and production jobs in August
Oil exploration and production companies in Texas added 2,800 jobs in August as the industry continues to recover from the pandemic-driven oil bust. The state’s upstream sector has recovered 19,700 Continue Reading
World’s Top Shale Oil Field Is Still Spewing Methane by the Ton
When researchers flew over an Energy Transfer LP facility in the Permian Basin of West Texas two months ago, a NASA-designed sensor on their airplane detected a colossal plume of Continue Reading
The Commodities Driving The $173 Trillion Global Energy Transition
The energy transition is in full swing, with electric vehicles supplanting gas guzzlers and solar panels and wind turbines replacing coal and oil as the world’s leading energy sources. The Continue Reading
Methane Crackdown Could Threaten U.S. Driller Profits, Citi Says
Natural gas drillers’ earnings would take a hit from a potential U.S. crackdown on methane leaks, according to Citigroup Inc. — but the magnitude of the impact depends on how Continue Reading