U.S. oil production dipped by 61,000 barrels daily in May, the EIA reported this week, confirming what many already expected: continued stringent discipline among drillers. But those expectations may have been misleading because now some producers are […]
Weekly Daily Standup Top Stories BRICS Officially Announces Financial System Similar to SWIFT July 26, 2024 Stu Turley The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial […]
Asked about the timing of first gas and LNG cargoes from Tortue during BP’s second quarter results call on Wednesday, Auchincloss said that BP continues to make “good progress” on the project. He noted that […]
Offshore rig owner Noble Corporation’s harsh-environment jackup rig Noble Regina Allen has gained more work from TotalEnergies in Argentina. The French energy major has exercised two priced option wells on the 2013-built rig at $150,000 […]
Swiss-based offshore drilling giant Transocean has secured a $531m contract from BP for operations in the US Gulf of Mexico. The contract will see drillship Deepwater Invictus on hire for about 1,095 days starting in […]
Daily Standup Top Stories Power-Hungry Data Centers Are Gobbling Up Texas Amid AI Boom July 31, 2024 Stu Turley One business may finally be getting too big for Texas: data centers, those whirring warehouses packed with the […]
Texas crude oil pipelines are nearing capacity, with major pipelines between the Permian Basin and the Port of Corpus Christi currently more than 90% full. Potential export constraints could arise as US crude production continues […]
BP reported a stronger-than-expected net profit for the second quarter, beating analyst expectations. The energy firm announced a 10% increase to its dividend and hiked its share buyback program to the fourth quarter. BP’s low […]
Valaris has seen two more of its jackup rigs suspended in Saudi Arabia, after Aramco’s initial move to cut more than 20 units across eight contractors earlier this year. The New York-listed offshore driller said […]
Daily Standup Top Stories UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 2027 July 30, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has raised the production capacity at […]
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