Archives for January 2017
U.S. oil and gas drilling to lead 2017 global growth
North American exploration and production companies will spend one-quarter more this year, leading global spending growth among oil and gas companies, according to a new report from Barclays. Spending will increase by 7 percent worldwide,...
Click here 0 3,000
U.S. grid in ‘imminent danger’ of cyberattack, study says
The U.S. Energy Department says the electricity system “faces imminent danger” from cyber-attacks, which are growing more frequent and sophisticated, but grid operators say they are already on top of the problem. In the department’s...
Click here 0 3,004
Permian Basin again drives rig count growth
West Texas’ Permian Basin again led the growth of the nation’s drilling rig activity, with Texas and New Mexico each adding three more rigs to oil fields. The Permian extends into southeastern New Mexico. The...
Click here 0 3,036
Market Currents: OPEC exports to Asia to drop
Happy Nonfarm Friday! It is the first Friday of the year, hence we get our first monthly dose of official US unemployment data. Job creation last month was below par, but it was offset by...
Click here 0 2,815
Canada rules out Arctic drilling extensions for Exxon, BP
The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil Corp., BP Plc and other oil firms as it prepares for consultations over the impact of an Arctic drilling moratorium. The...
Click here 0 2,949
