U.S. energy firms this week added oil and natural gas rigs for the fifth time in six weeks although growth in the rig count over the past few months has slowed as drillers continue to […]
HighlightsPermian rigs climb five to 258 Operators eye growth in basin Gas rigs just 5% below pre-pandemic levels The US oil and gas rig count climbed four to 603 in the week ended Aug. 4 […]
We sat down with Andrew Dittmar, Senior M&A Analyst at Enverus and we had a blast talking about the report they just put out. This was my second interview with Andrew and he again demonstrated […]
Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company […]
New Mexico’s oil production surged to a record in May, lifting output to the second-highest in the nation and highlighting the Permian Basin’s role in leading the shale industry’s rebound from the pandemic. The southwestern […]
U.S. oil output could take more than four years to reach pre-pandemic levels, oil producer Hess Corp. said on July 28, sticking to its spending plan despite rising demand to focus on shareholders returns over […]
Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, has revealed. The country produced an average of 10.18 million […]
ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday. The Whiptail discovery in the Stabroek Block adds to more than a dozen discoveries on the […]
Earnings season is here with us once again, with a quarter of S&P 500 companies having reported second-quarter 2021 earnings. According to FactSet data, 88% of S&P 500 companies have reported a positive EPS surprise, while 86% have reported […]
Cyber attacks are ramping up, and the latest victim is Saudi Aramco The world’s biggest oil producer confirmed this week that some files were leaked and hackers reportedly demanded a $50 million ransom. The […]
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