Introduction
U.S. drillers cut most oil rigs since September
U.S. oil firms reduced oil rigs the most in this week since September. This resulted in a decrease in the total oil and natural gas count for a second consecutive
USA drillers add oil and gas rigs for second week in a row – Baker Hughes
U.S. energy companies added oil and natural gas drilling rigs this week for the second consecutive week, as high oil prices encourage them to drill more.
USA drillers add oil and gas rigs for third week in four – Baker Hughes
U.S. energy companies added oil and natural gas drilling rigs this week for the third time in just four weeks. This is because of high oil prices that encourage them
Schlumberger, the oil giant, rebrands itself as “SLB” to promote a low-carbon future
Schlumberger, the world’s largest provider of oilfield services, has announced that it is changing its logo, name and colour scheme to reflect its commitment to a low-carbon future.
Schlumberger faces employee backlash in Russia over draft cooperation
According to internal documents and people familiar with the matter, Schlumberger’s Russian-based oilfield service company has begun to receive military draft notices via work. The company does not allow remote
Baker Hughes: U.S. oil & gas rig count falls to lowest since late July
U.S. energy companies have reduced the number of natural gas and oil rigs in operation to the lowest level since late July. This is due to a slowdown in rig
Baker Hughes: U.S. oil & gas rig count falls for first time in 25 months
This week, energy firms increased the number of U.S. oil rigs but reduced the August count for the first time since August 25 months ago. Even though oil prices are
U.S Permian Basin On Track For Record September Production
According to the Energy Information Administration (EIA), the largest shale basin in America, the Permian is expected to produce a record 5.408 billion barrels per day by next month. Production
Share Talk Weekly Stock Market News, Sunday 14th August 2022
Friday’s FTSE 100 index was higher than usual. This is mainly due to gains by US stocks, which were again boosted Wednesday by weaker-than-expected US inflation numbers.
Baker Hughes: U.S. oil & gas rig count falls for second week in a row
U.S. energy companies have reduced the number of natural gas and oil rigs for the second week in succession. The rig count is an indicator of future output, but it