Archives for 2016
U.S. oil and gas rig count up again; Permian booms
U.S drillers sent 14 rigs back to the oilfield this week, the fifth increase in a row and the 17th in the past 20 weeks, the Houston oilfield services company Baker Hughes reported Friday. The...
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Market Currents: Seasonal maintenance means lower oil imports
As a super-duperly strong dollar pressures the new WTI front month contract into negative territory to end the week, hark, here are five things to consider in oil markets today: 1) Yesterday we discussed how...
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Schlumberger targets Texas growth with “rig of the future”
The chief executive of the world’s largest energy services company said Friday that its two, new pilot-program rigs are starting up operations in the U.S. this year to unleash greater depths of directional drilling and...
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Shell selling Canadian shale assets for $1 billion
Royal Dutch Shell has agreed to sell off Canadian shale assets to Tourmaline Oil for $1.04 billion, its latest in a string of transactions aimed at shedding assets to make room for its recently acquired...
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Oil holds near $50 as investors weigh production agreement
Crude held above $50 a barrel as investors weighed the likelihood of a deal to reduce supply after Russia’s Energy Minister said the country’s output could rise to a record next year. December futures were...
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