Oil Rig Count Declines as Oil Prices Experience Largest Weekly Increase Since 2022
Oil Rig Count Drops as Oil Prices See Strongest Weekly Gain Since 2022 The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 2 this week to 585, compared to 619 […]
Morgan Stanley Names This Oil and Gas Stock a New Top Pick, According to Investing.com
This oil and gas stock is a new Top Pick at Morgan Stanley By Investing.com Investing.com — Morgan Stanley named Baker Hughes as its top pick in the oilfield services and equipment (OFSE) sector, raising its price target for the stock by 7% to $45 in a note Thursday. The firm cited several key factors […]
Will a Port Strike Impact the Gas Industry? Insights from Experts and Federal Officials
Will port strike affect gas industry? Experts, feds weigh in Plenty of products may become hard to find amid the ongoing union dockworkers strike, but there is one crucial place that experts don’t anticipate consumers are likely to suffer: at the gas pump. On Tuesday, 45,000 union workers walked off the job when negotiations for […]
Low Prices Pressure U.S. Oil and Gas Production
Low Prices Squeeze U.S. Oil and Gas Output By John Kemp, energy analyst U.S. oil production growth continues to slow in response to the fall in prices, as the initial shock from Russia’s invasion of Ukraine and the sanctions imposed in response more than two years ago fades. Crude and condensates output from the Lower […]
Malaysia Challenges Chinese Patrols to Boost Oil and Gas Drilling in the South China Sea: Report
Malaysia defies China’s patrols to expand South China Sea oil, gas drilling: report Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report. Short-range coastal tracking data show […]
Newly Manufactured Components Depart for North Sea Oil & Gas Projects: Connecting Two Platforms (Gallery)
Newly fabricated parts set sail to join pile piecing two platforms together for work at North Sea oil & gas projects (Gallery) The UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, has completed its scope of work related to jacket pile clusters for two new platforms that are slowly taking […]
Oil and Gas Boom Drives Surge in U.S. Methane Emissions
Oil and Gas Boom Fuels U.S. Methane Surge Despite ambitious promises of an accelerated green transition from the government, the U.S. is still experiencing extremely elevated levels of methane emissions each year. As the Biden administration pumps billions into renewable energy, clean technologies, and decarbonisation projects, methane emissions continue to rise year on year with […]
US Company Expands into Latin America’s Oil & Gas Sector as Brazilian Partner Sets Restart Date for Offshore Asset
US firm enters Latin America’s oil & gas playground as its Brazilian partner in two offshore fields sets restart date for another asset Houston-based Westlawn Americas Offshore (WAO), part of Westlawn Group, has wrapped up the acquisition of a partial stake in a concession, covering two oil fields located off the coast of Brazil. The […]
Brookside Energy’s FMDP Wells Transition to Commercial Production; Oil and Gas Sales Underway
Brookside Energy FMDP wells move into commercial production phase; oil and gas sales in train About Susanna Nelson Susanna is a journalist and editor with nearly two decades of experience writing about a broad range of topics including infrastructure, health, building and construction, economics and the arts. She has a natural curiosity, which helps when […]
Canadian Natural Gas Prices Drop to Two-Year Low Amid Rising Storage Levels
Canadian natural gas prices fall to two-year low as storage fills By Nia Williams (Reuters) – Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North […]