Conversely, Canada’s rig count was shown to have dropped by 11 week on week The U.S. added 14 land rigs week on week, according to Baker Hughes’ latest…
On this page we will share the latest oil and gas news. Stay tuned for more news.
Norway: Oil Fund Investments In Russia Now Worthless
As the war in Ukraine escalates, many companies and countries are siding with Ukraine and are cutting ties with business endeavors in Russia. Norway is following suit as it has written off Russian assets in its $1.3 trillion wealth fund.
How high can Oil go?
Oil prices are likely to continue to climb – potentially beyond $130 per barrel. That’s according to Rystad Energy CEO Jarand Rystad, who made the statement in an…
Big Oil Pumping Cash as If $100 Oil is Here
BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008. The world’s oil supermajors…
Aramco Signs 50 Deals
Saudi Aramco has revealed that it has signed 50 new Memoranda of Understanding (MOUs) at the sixth edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition,…
Russia’s Gazprom has no Europe gas exports planned in February via Yamal pipeline
– Russian state energy giant Gazprom said on Monday it has not booked any capacity to pump gas to Europe through the Yamal pipeline next month, underscoring a sharp drop-off in Russian exports to the region so far this year.
Gazprom said pipeline exports of Russian gas have tumbled 41% from a year ago so far in January, underlining the impact of a reversal in the Yamal-Europe pipeline, which usually pumps Russian gas into Europe, from Germany to Poland.
Halliburton Readies for Years of Expansion
(Bloomberg) — For the first time in seven years, Halliburton Co., the biggest provider of fracking services, is expanding in both U.S. and foreign markets as spending…
Τhe FPSO (floating production, storage, and offloading) market is booming this year.
That’s according to Rystad Energy, which highlighted that more contracts were awarded in the second quarter of 2021 than during the whole of last year. The company said…
OPEC: Oil Deal Hangs in the Balance
OPEC & alliance descended into bitter infighting after a key member blocked a deal at the last minute S.E.Wardany, G.Smith, D.Khrennikova, J.Blas Friday, July 02, 2021 (Bloomberg) —…
Oil and gas drilling activity is bouncing back quickly following last year’s market crisis
Onshore drilling activity is expected to increase by 12% from the 46,000 wells drilled in 2020 to about 51,700 wells in 2021, before climbing by another 19% in 2022 to reach around 61,700 wells.…