Archives for 2017
U.S. drillers lock in higher oil prices in surge of hedging
Oil prices have recently edged below $50 a barrel, but several U.S. drillers have already locked in higher prices for the barrels they sell this year, a new report says. After OPEC announced it would...
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Schlumberger, Weatherford to form joint venture
Oil field service companies Schlumberger and Weatherford will form a joint venture that aims to help North American drillers pump oil and gas. The companies said on Friday the joint venture, OneStim, will specialize in...
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U.S. rig count climbs by 20 in 10th weekly increase
Drillers put 20 oil and gas rigs back into U.S. fields this week, marking the 10th consecutive weekly increase in the nation’s rig count. The increase brought the U.S. drilling fleet to 809, just about...
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Shell to sell Gabon onshore fields for nearly $600 million
Royal Dutch Shell has agreed to sell onshore oil and gas fields in Gabon, where it has operated for more than five decades, for $587 million. The Anglo-Dutch oil major said Friday it will sell...
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Record snowfall in California increasing hydro power generation
Hydroelectric power in California is expected to decrease the state’s reliance on natural gas this year, after a year of record snowfall gives way to large runoff, according to the U.S. Department of Energy. California...
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