Archives for July 2018
Shell in talks to sell $2 billion Nigeria oil assets
Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the...
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Texas leads a drilling rig count decline
Texas lost five rigs drilling for oil and gas this week, leading the nationwide decline of eight active drilling rigs. Rigs actively drilling for oil fell by five, while the amount of rigs seeking natural...
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Oil set for weekly drop as trade fears eclipse Saudi supply vow
Oil headed for a third weekly loss as concerns that an escalating trade clash between the U.S. and China overshadowed reassurances from Saudi Arabia that it won’t flood global crude markets. Source: FuelFix
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Schlumberger reports $430 million quarterly profit
Oilfield services leader Schlumberger reported a $430 million net profit for the second quarter on Friday that showed a big gain from a nearly $75 million loss this same time a year ago. Source: FuelFix
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