Drilling activity continued to slump during the final week of May, led by a decline in Texas activity. Drilling is also being undercut by uncertain commodity prices and oil and gas producers’ continued focus on […]
SANTA FE, N.M. — Today, the Bureau of Land Management New Mexico State Office conducted a lease sale offering 45 parcels totaling 10,123 acres within Cheyenne County, Kansas, and Eddy, Lea, and Chaves counties, New Mexico, […]
More land was set for sale to the oil and gas industry in southeast New Mexico as land managers looked to retool federal rules to prioritize conservation throughout the U.S. The Bureau of Land Management […]
Oil drilling is collapsing in the US as producers rein in output, mirroring a recent plunge in rigs searching for natural gas. Rigs targeting crude declined by 11 to 575 this week, according to data […]
US oil and gas producers are finally seeing some relief from soaring inflation, but any cost savings are likely to be put back into shareholder returns rather than invested in production growth. During first quarter […]
The cost of drilling for shale oil is dropping for the first time in about two years as demand for equipment and workers wavers. Prices for key oilfield inputs such as steel pipe and fracking […]
(WO) — Employment in the U.S. oilfield services and equipment sector increased by 5,143 jobs to its highest level since March of 2020 to reach 662,454 in April, according to preliminary data from the Bureau […]
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, […]
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