US Drillers Add Oil and Gas Rigs for Fifth Week in a Row, Baker Hughes Says

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since May 2022, 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 …

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US Crude Oil Production Rose to Record High in December, says EIA

(Reuters) – U.S. crude oil production rose to a record 13.491 million barrels per day in December, up from 13.314 million bpd in November and the prior all-time high of 13.436 million in October, the U.S. Energy Information Administration said in its Petroleum Supply Monthly report on Friday. Product supplied of crude oil and petroleum, …

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Guyana VP Says Exxon’s Consortium Has Recovered $33.9 bln in Guyana

(Reuters) – A consortium led by U.S. major Exxon Mobil in Guyana had recovered at the end of January $33.9 billion of the $41.1 billion it has spent at its massive Stabroek offshore block, the country’s Vice President, Bharrat Jagdeo, told Reuters. Since it first found oil in Guyana a decade ago, the Exxon-led group …

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Queen’s Chess: Changing the Rules

There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.