Drilling Rigs

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Rising Tungsten Prices Worsen Oil Drillers’ Inflation Worries

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

U.S. shale drillers are facing higher prices for tungsten, a rare, ultra-hard metal used for industrial tools like drillbits, as Chinese export controls have squeezed supply, threatening U.S. President Donald Trump’s ambitions to boost America’s fossil fuel production. Tungsten makes up as much as 75% of the drillbits deployed in oilfields. The metal’s price has …

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Cuts to US Oil Jobs and Spending Threaten Output Growth

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, OFS-Oilfield Services, Oil, Pinned Primary, US News / By

Summary Oil and gas producers cut $2 bln in expenditure, Reuters analysis shows US oil rig counts have fallen by 69 this year Trump’s trade policies and tariffs push up material costs HOUSTON, Sept 8 (Reuters) – The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower …

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US Drillers Add Oil and Gas Rigs for First Time in Seven Weeks, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

U.S. energy firms this week added oil and natural gas rigs for the first time in seven weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 537 in the week to September 5. Despite …

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ADNOC Drilling Buys into SLB’s Oman and Kuwait Rig Business

CDN and International News, Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Oil / By

(Reuters) – ADNOC Drilling will acquire a 70% stake in oil services firm SLB’s onshore rig business in Oman and Kuwait for up to $112 million, creating a joint venture it seeks to double in the next year, its chief financial officer said on Thursday. The acquisition, expected to close in the first quarter of …

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US Oil and Gas Rig Count Falls to Lowest Since January, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May …

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Judge Rules Against Sale of Gulf of Mexico Oil Drilling Rights

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Offshore, Oil / By

A federal district judge ruled against the Biden administration’s sale of oil and gas drilling rights in the Gulf of Mexico, citing insufficient analysis of the sale’s potential effects on the climate and endangered whales. Summary by Bloomberg AI The judge directed additional arguments on the best remedy, which could include invalidating leases sold in …

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Trump’s Tariffs Threat Hits Canada’s Oil and Gas Drillers

CDN and International News, Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil / By

Summary Canada sends 90% of oil exports to US refiners Canadian drilling sector still not recovered from decade of job losses Retaliatory tariffs would raise cost of drilling inputs CALGARY, March 3 (Reuters) – Canada’s oilfield drilling and services sector is already showing signs of slowing due to U.S. President Donald Trump’s threatened tariffs, triggering …

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U.S. Oil and Gas Rig Count Falls to Lowest Since Dec 2021, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

 U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by …

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Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

Proclamation protects 625 million acres of Pacific, Atlantic Decision complicates any Trump bid to widen offshore drilling President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as …

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U.S. Drillers Keep oil and Natgas Rigs Unchanged for Third Week – Baker Hughes

Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, was unchanged at 589 in the week to Dec. …

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