U.S. Oil Rig Count Slips Amid Drop In U.S. Oil Output
The number of oil and gas rigs in the United States fell by 3 this week, according to Baker Hughes , which reported the total rig count as 488, up Continue Reading
ExxonMobil aims to boost Permian output by 40,000 boe/d in Q3
Highlights CEO details decarbonization plans after climate pushback Woods takes cautious tone, saying projects will take time ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 Continue Reading
US oil, gas rig count falls 5 to 599 as Permian drilling slows
Highlights Permian count drops 6, Eagle Ford down 3 Haynesville activity highest since 2019 Strong gas prices could test producer discipline The US oil and gas rig count fell five Continue Reading
Summary of Weekly Petroleum Data for the week ending July 23, 2021
Summary of Weekly Petroleum Data for the week ending July 23, 2021 U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending July 23, 2021 Continue Reading
Big Oil back to boom after pandemic bust, aiding climate push
Europe’s top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll Continue Reading
Hess expects U.S. output to take over 4 years to return to pre-COVID levels
U.S. oil output could take more than four years to reach pre-pandemic levels, oil producer Hess Corp (HES.N) said on Wednesday, sticking to its spending plan despite rising demand to Continue Reading
US crude exports remain below 2.5 million b/d, 4-week moving-average lowest since late May
Highlights US crude exports average 2.489 million b/d last week: EIA Flows to Europe estimated at 678,000 b/d: Kpler Tight exports economics could hamper flows into August US crude exports Continue Reading
U.S. crude stockpiles slide as imports fall -EIA
U.S. crude stockpiles last week fell to their lowest since January 2020 as imports and production dropped, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) fell by 4.1 Continue Reading
Argentina’s YPF launching first shale oil pilot project in Mendoza
Highlights Pilot planned on two blocks Project seen opening new opportunities in shale play YPF also to invest in tertiary recovery YPF, the biggest oil producer and second for natural Continue Reading
Review of U.S. federal oil, gas leasing program being finalized internally -Haaland
A highly anticipated review by the U.S. Interior Department of the federal oil and gas leasing program is undergoing final internal review and should be released “very soon,” Interior Secretary Continue Reading