Longboat Energy, an emerging full-cycle E&P company with activities in Norway and Malaysia, is pleased to note the following announcement made by Equinor confirming the production start for the Statfjord
US drillers reduce oil rigs for the ninth consecutive month – Baker Hughes.
In August, U.S. energy companies reduced the count of active oil rigs for the ninth consecutive month. Simultaneously, there was a drop in the combined oil and gas rig count
U.S. drilling companies reduce oil and gas rigs for the sixth consecutive week.
This week, U.S. energy companies reduced the number of operational oil and natural gas rigs for the sixth consecutive week, according to the closely monitored report from energy services firm
Vladimir Putin to force Russian companies to buy plummeting rouble
Vladimir Putin is scheduled to convene with top financial officials as the Kremlin contemplates mandating companies to purchase roubles using their foreign earnings in an effort to stabilize Russia’s declining
The Rouble has declined to its weakest level against the dollar in 16 months.
The rouble has plunged to its weakest point against the dollar in 16 months, driven by increased Russian military expenditures and a stark drop in export earnings. These factors exacerbate
US drillers reduce oil and gas rigs for the fifth consecutive week, according to Baker Hughes
U.S. energy companies reduced the active oil and natural gas rigs for the fifth consecutive week, as reported by Baker Hughes in their recent report on Friday.
Oil prices approach a four-month peak following Ukraine’s assault on a Russian naval ship.
Oil prices have hit a four-month apex after a Ukrainian assault on a Russian naval vessel in the Black Sea, escalating tensions and further destabilising the crucial trade route.
Baker Hughes reports US oil drillers reduce rig count for the eighth consecutive week.
Baker Hughes, an energy services firm, reported this week that US energy companies continued their trend of decreasing the number of operational oil rigs for the eighth week straight, according
Global oil demand will grow this year, says Russian Deputy Prime Minister Alexander Novak
Alexander Novak, the Russian Deputy Prime Minister, stated that global oil demand is projected to increase by 2.4 million barrels daily this year, which in his view, will keep the
The Russian rouble reaches its lowest level since the onset of Putin’s conflict in Ukraine.
The Russian rouble dropped against the US dollar to its lowest level since the first month of the war in Ukraine.
Oil prices surge as Saudi Arabia warns of more substantial supply reductions.
Global oil prices are soaring due to Saudi Arabia’s indication of further decreasing its oil supply. Following its decision to trim production by one million barrels per day in September,