Archives for June 2019
Oil up, gas down — rig count stays flat
The Permian Basin, Gulf of Mexico and Oklahoma all saw increased drilling activity this week, but they were offset by declines in natural gas basins. Source: FuelFix
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Venture Global raises $675M more for LNG projects
Virginia-based Venture Global has raised another $675 million of additional capital for its trio of proposed liquefied natural gas projects on the Gulf Coast, bringing its total committed capital to $2.8 billion, the company announced...
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WoodMac: Deepwater and shale oil now have more in common
After much of the energy sector abandoned deepwater drilling to focus on quicker and cheaper shale oil, the offshore and onshore industries suddenly have much more in common than they once did. Source: FuelFix
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OPEC keen to extend cut, Russia is circumspect: Reality check
For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” according to Saudi Arabia’s Energy Minister Khalid Al-Falih, Monday’s gathering in Vienna could be as closely watched...
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Oil set for best month since January before crucial meetings
The U.S.-Iran standoff and falling American stockpiles have propelled oil toward its biggest monthly gain since January but crucial meetings in the next few days will determine whether the rally continues. Source: FuelFix
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