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(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 …
ADNOC Drilling Buys into SLB’s Oman and Kuwait Rig Business Read More »
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 …
US Oil and Gas Rig Count Falls to Lowest Since January, Baker Hughes Says Read More »
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 …
Judge Rules Against Sale of Gulf of Mexico Oil Drilling Rights Read More »
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 …
Trump’s Tariffs Threat Hits Canada’s Oil and Gas Drillers Read More »
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 …
U.S. Oil and Gas Rig Count Falls to Lowest Since Dec 2021, Baker Hughes Says Read More »
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 …
Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters Read More »
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. …
U.S. Drillers Keep oil and Natgas Rigs Unchanged for Third Week – Baker Hughes Read More »
Dec 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight 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 seven to 589 in the week to …
U.S. Drillers Add Oil and Gas Rigs for First Time in 8 Weeks -Baker Hughes Read More »
Summary US gas output to fall in 2024 for first time since 2020 US spot gas prices to rise over 40% in 2025 from 2024 levels US LNG exports to jump 14% in 2025 over levels in 2024 (Reuters) – U.S. natural gas producers will boost output in 2025 following a series of production cuts …
U.S. Natural Gas Drillers to Lift 2025 Output, Reversing Year of Cuts Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five 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, fell by one to 585 in the week …
U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes Read More »
