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HomeOFS

OFS

US Drilling in the Permian, created by Grox on X
Big Oil Companies

The American Shale Patch Is All About Depletion Now

December 25, 2024 Clark Savage

ENB Pub Note: Michael and I will cover this on our next podcast. As I have said, there will be no “Drill Baby Drill”, it will be more like: “Drill Baby when fiscally responsible.” Goehring […]

Crude Oil News

Oilfield Service M&A Set for Boost Under Trump

December 5, 2024 Clark Savage

Deloitte’s oil and gas industry outlook for 2025 forecasts that the Trump presidency will facilitate continued consolidation in the U.S. oilfield services sector next year. The oilfield service sector is already consolidating, with a slew […]

Transocean
Exploration and Production

Transocean scoops $193m drillship contract in US Gulf

October 18, 2024 Mariel Alumit

Swiss-based offshore drilling giant Transocean has secured a one-year contract with an undisclosed operator in the US Gulf of Mexico for its ultra-deepwater drillship Deepwater Conqueror. The New York-listed operator of 34 floaters said the […]

Big Oil Companies

Week Recap: Energy Shifts, Energy Debates, and Global Oil Challenges

September 14, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders […]

Transocean
Crude Oil News

Transocean clinches $232m drillship deal with BP

September 11, 2024 Mariel Alumit

Swiss-based offshore drilling giant Transocean has won a 365-day contract for one of its ultra-deepwater drillships. The contract was awarded by energy major BP to the 2022-built Deepwater Atlas which will work in the US […]

BRICS

Week Recap: OPEC Shifts, LNG Approval, and Global Energy Politics

September 7, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Saudi Arabia Expected to Cut Its Oil Prices to Asia for October September 2, 2024 Stu Turley Saudi Aramco is expected to cut the OSP of its crude oil for Asia […]

Oil
Crude Oil News

​​​​​​​It’s Spreading: America’s Top Oil Field Terrorized By Armed Venezuelan Gangs

September 6, 2024 Stu Turley

It’s only going to get worse from here, as the Biden-Harris administration’s disastrous open border policies have now come to a ‘neighborhood near you’ (for some of you). In the past week, we saw armed Venezuelan prison gang Tren de […]

Oil
Crude Oil News

Oil Rigs are where they were around COVID

September 2, 2024 Stu Turley

ENB Pub Note: This article is from Jeff Krimmel, LinkedIn. He has been a guest on the podcast with Michael Tanner on the Deal Spotlight, and we recommend following Jeff HERE: https://www.linkedin.com/in/jeffkrimmel/ US drilling rig […]

SLB
Finance

SLB to buy ChampionX for $8 billion in growing deal-making in US energy sector

April 2, 2024 Mariel Alumit

April 2 (Reuters) – Top oilfield services company SLB (SLB.N), said on Tuesday it will buy smaller rival ChampionX (CHX.O), in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield […]

industry
Crude Oil News

The U.S. is breaking oil-production records with fewer drilling rigs. Here’s how.

January 22, 2024 Mariel Alumit

U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from […]

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