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U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 4 to 623 in the week to Feb. 9, its …
U.S. Drillers Add Oil and Gas Rigs for Third Time in Four Weeks – Baker Hughes Read More »
Export-Import Bank loan would finance more than 400 wells Plan runs counter to Biden’s pledge on fossil-fuel projects US Export-Import Bank leaders are moving forward with plans to underwrite the drilling of more than 400 oil and gas wells in Bahrain, even as President Joe Biden halts new liquefied natural gas export licenses over climate concerns. The …
U.S. Trade Bank Defies Biden to Expand Oil Drilling in Bahrain Read More »
U.S. oil and gas drilling has slowed in response to the fall in prices over the last 18 months, but that has not yet translated into slower production, keeping prices under pressure. Exploration and production firms have continued to increase output despite drilling fewer wells, by concentrating on the best sites, accelerating drilling times and …
Rising U.S. Oil Production Frustrates OPEC+ Cuts: John Kemp Read More »
Jan 12 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 619 …
U.S. Drillers cut Oil and Gas Rigs for Second Week in a Row – Baker Hughes Read More »
U.S. oil and gas production continued to climb in October, but there were indications of both starting to flatten and turn down in response to lower prices since the middle of 2022. Oil production from the Lower 48 states excluding Alaska and federal waters in the Gulf of Mexico rose to a record 10.9 million …
COMMENTARY: U.S. Oil and Gas Production Growth Starts to Decelerate: Kemp Read More »
