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HomeOFS

OFS

Crude Oil News

Harold Hamm: ‘Drill, Baby, Drill’ Needs $80 Oil – Or as Stu says, “Drill baby Drill when fiscally responsible”

March 18, 2025 Clark Savage

ENB Pub Note: Stu has been saying that the oil price for 2025 needs to be at the $80 mark for “Drill baby Drill when fiscally responsible.” ESG has had one impact on Exploration and […]

Exxon
Crude Oil News

Guyana’s Oil Exports Skyrocket—And Europe’s Refiners Love It

March 16, 2025 Clark Savage

Guyana’s oil production and exports are surging, with output exceeding 660,000 bpd and expected to reach 1.3 million bpd by 2030. Europe is the biggest buyer of Guyana’s crude, with 66% of its exports heading […]

Trump
Crude Oil News

U.S. Rig Count Stalls as Oil Prices Keep Drillers in Check

March 15, 2025 Clark Savage

The total number of active drilling rigs for oil and gas in the United States held steady this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the […]

Noble
Big Oil Companies

Noble gets $14m from Shell for short-term drillship hire

March 11, 2025 Mariel Alumit

UK-based energy supermajor Shell has awarded a new contract to one of Noble Corporation’s drillships. Noble said via social media channels that a one firm well plus one option well deal was awarded to the […]

Climate Crisis

Week Recap: US LNG Dominance, Critical Minerals, and Global Energy Challenges

March 1, 2025 Andy Del Prado

Weekly Daily Standup Top Stories Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty February 23, 2025 Clark Savage Burgum suggests stronger USGS role to analyze the potential Says US public lands hold […]

Climate Crisis

Charting U.S. Oil Future

February 24, 2025 Andy Del Prado

Daily Standup Top Stories Redrawing of global energy markets map set to heap benefits on US February 23, 2025 Clark Savage The prospects of peace and the return of Russian gas looks likely to serve the […]

Shearwater Geoservices
Big Oil Companies

Shearwater Geoservices gets work in oil-rich Guyana with ExxonMobil

February 24, 2025 Stu Turley

Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a contract for a large deepwater 4D OBN reservoir surveillance program by US supermajor ExxonMobil in Guyana. Under the award, Shearwater will commence a six-month […]

Saipem and Subsea 7
Finance

Saipem and Subsea 7 broker mega merger deal

February 24, 2025 Mariel Alumit

Italian offshore engineering and construction giant Saipem and offshore engineering and services player Subsea 7 have reached an agreement in principle on the key terms of a possible merger of the two companies. The combination […]

Crude Oil News

Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty

February 23, 2025 Clark Savage

Burgum suggests stronger USGS role to analyze the potential Says US public lands hold natural resources worth trillions Interior Secretary Doug Burgum touted a plan for mapping deposits of oil, gas and critical minerals on US federal […]

Valaris
Exploration and Production

Valaris wins $120m in deals and gets rid of four stacked rigs

February 19, 2025 Mariel Alumit

New York-listed offshore driller Valaris has won several deals and contract extensions for its jackup rig fleet and revealed its plans to rid itself of four rigs. The company won a 600-day priced contract extension […]

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