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HomeExploration and Production

Exploration and Production

Transocean
Crude Oil News

Transocean strikes multiple rig deals with total backlog of $1.9 billion

February 12, 2023 Mariel Alumit

Home Fossil Energy Transocean strikes multiple rig deals with total backlog of $1.9 billion This is a free premium article to give you a sample of what Offshore Energy has to offer as part of […]

EnergyNews

U.S. Drillers Cut the Most ‘Gas’ Rigs in a Week Since 2017

February 11, 2023 Mariel Alumit

​U.S. energy firms cut the number of natural gas rigs by the most in a week since October 2017, while adding the most oil rigs in a week since June, energy services firm Baker Hughes […]

Crude Oil News

U.S. rig count outlook cut by Raymond James on low natural gas prices

February 11, 2023 Mariel Alumit

​ Raymond James trims its 2023 U.S. rig count forecast to 750 from 813 on lower natural gas prices; lowers PT of some of the oilfield services companies. U.S. natural gas futures fell by 40% […]

Big Oil Companies

ESG Investing Failure and Major Setback: Exxon Retreats From Major Climate Effort to Make Biofuels From Algae –

February 11, 2023 Mariel Alumit

​After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, Exxon Mobil Corp. is now quietly walking away from its most heavily publicized climate solution.  Exxon has slashed its support for Viridos Inc., […]

Oil
Crude Oil News

Oil Prices Set For A Significant Weekly Gain As Russia Announces Production Cut

February 10, 2023 Mariel Alumit

Oil prices spiked on Friday morning as Russia announced plans to cut its oil production by 500,000 bpd in March. Oil prices had been under pressure in the second half of the week as the […]

Transocean
Critical Minerals

Transocean’s Drillship to be Used for Deep-Sea Mineral Exploration

February 10, 2023 Mariel Alumit

Offshore drilling company Transocean has agreed to invest in DEME Group’s subsidiary Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling stake in the company.  GSR is the deep-sea mineral exploratory company engaged […]

countries
Exploration and Production

Three small countries with little gas left

February 9, 2023 Mariel Alumit

Three very different but small countries in completely opposite parts of the world share the same characteristics – once they had significant gas resources, now it’s mostly gone. The daily news in the E&P sector […]

Crude Oil News

U.S. Oil and Gas Rig Count Falls by the Most in a Week Since June 2020 – Baker Hughes

February 5, 2023 Mariel Alumit

Feb 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs by the most since June 2020, energy services firm Baker Hughes Co said in its closely followed […]

Pipeline
Crude Oil News

Pipeline operator Enterprise says bullish on Permian oil output

February 2, 2023 Mariel Alumit

HOUSTON, Feb 1 (Reuters) – U.S. energy pipeline operator Enterprise Products Partners (EPD.N) was bullish on oil production from the top U.S. shale basin, the firm said on Wednesday, predicting that international demand for U.S. oil and […]

Energy
Exploration and Production

Beach Energy still on track for first gas from one of its major growth projects

January 31, 2023 Mariel Alumit

Home Fossil Energy Beach Energy still on track for first gas from one of its major growth projects Australian oil and gas company Beach Energy is one approval shy of completing all connection activities for […]

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