With oil consistently above the $100/barrel threshold, demand for rigs is set to continue its ramp up, with the North and Barents Seas marked as hotspots, according to data from rig analysts Esgian
USA Adds Multiple Land Rigs
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…
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…
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…
Australian Operator acquires North Sea acreage
Finder Energy has announced that it has completed the acquisition of two highly prospective UK North Sea operated licences, P2502 and P2524, from Azinor Catalyst Limited (Azinor). P2502…