Should the US Cut Oil Production in Line With OPEC, NOPEC?
OPEC’s subtle message that the US should join its production cut pledge with other non-OPEC nations – in the interest of global market stability – is unlikely to get an Continue Reading
Anadarko sells off Eagle Ford shale assets
Parts of the shale basin in oil-rich Texas will be left behind in order to focus more on deepwater and other assets, Anadarko Petroleum announced. The company said it agreed Continue Reading
Energy’s Drunken-Sailor Legacy Hangs Over Plans for Debt Rescues
Debt-laden energy companies that still don’t have a financial escape plan in place are running out of time and willing lenders even after oil doubled from its February lows. Crude Continue Reading
Oil Drillers Are Expanding Again After Losing Half-Million Jobs
The oil industry is expected to boost spending for the first time in three years after slashing almost half a million jobs globally during the downturn, according to industry consultant Continue Reading
U.S. Oil-Rig Count Climbs by Four, Baker Hughes Says
The number of rigs drilling for oil in the U.S. rose by four in the past week to 529, oil-field services company Baker Hughes Inc. said Friday The U.S. oil-rig Continue Reading
U.S. Rig Count Rises To Highest Point In 1 Year
Oilfield services provider Baker Hughes is ringing in the new year with a 7-rig increase this week to the number of active oil and gas rigs in the United States, Continue Reading
Cost Reduction, Greater Efficiency Focus of Technology in 2017
Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone. A possible oil price recovery in 2017 won’t change the oil Continue Reading
U.S. Shale Could Break The OPEC Deal Within Months
OPEC is currently pumping crude at a record rate yet has managed to fool algos and “experts” into bidding up crude to multi-month highs on “promises” it will cut a Continue Reading
U.S. shale companies to boost spending as banks loosen purse strings
U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in Continue Reading
Oil IPOs Ready to Bloom Across the U.S.
‘It feels like we’ve entered a good window’ for deals: Holt It may be time for a baby boom in U.S. oil. Rising crude prices and a deregulatory push in Continue Reading