U.S. shale producers, including ExxonMobil, are prioritizing financial stability and shareholder returns over aggressive drilling expansion despite political encouragement. President-elect Trump’s pro-energy agenda contrasts with the industry’s current focus on disciplined growth and resilience to […]
Paratus John Fredriksen-backed Paratus Energy Services has received a suspension notice for one of its jackup rigs working for Pemex offshore Mexico. The Oslo-listed Paratus said that the jackup Courageous would temporarily cease operations for […]
Keppel Singapore shipyard group Seatrium has joined forces with Indian builder Cochin Shipyard in the offshore sector. The two yards have entered into a memorandum of understanding on the supply and design of equipment for […]
Daily Standup Top Stories Drill, Baby, Drill’ Hits Wall of Capital Restraint – More like Drill Baby Drill when fiscally responsible! November 13, 2024 Clark Savage Trump will encounter a very different mindset of shale industry […]
The FT writes, US oil execs are eagerly awaiting Trump’s expected rollback of environmental regulations, but despite the president’s pledge to “drill, baby, drill,” production is unlikely to increase significantly during his second term in […]
The total number of active drilling rigs for oil and gas in the United States saw no change this week, according to new data that Baker Hughes published on Friday, after holding steady in the week […]
Goldman Sachs predicts average oil prices of $76 per barrel in 2025 due to sufficient global spare capacity. The forecast sees limited upside potential due to high spare capacity and potential trade tariffs. Despite undisrupted […]
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1 […]
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 […]
WoodMackenzie: Investments in oil and gas among the 23 biggest producers in the world are set to climb by over 60% by next year. Consolidation may be the new way of expanding asset bases because […]
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