For 12 years ExxonMobil has reigned as the world’s largest energy company. But according to S&P Global Platts 250 Global Energy Company’s latest ranking, Russian energy giant Gazprom has taken the top spot. Oilfield1 Shirt Giveaways | Find Out How You Can Win Headquartered in Moscow, Gazprom focuses primarily […]
Oil & Gas networking giant OilPro.com has announced it is closing down. OilPro.com was established in 2013 by David Kent which was the original founder of RigZone.com which he sold for $50 million in 2010. In 2016 Kent was arrested, charged, and then pled guilty for stealing data […]
US Rig Count is 1,069 (-5). Permit Count is 1,047 (+72). 30 Rigs waiting to spud. [RigData]
US Rig Count is 1,065 this week [+24]. Permit count is 712 [+26] 33 Rigs waiting to spud. per RigData
On May 26, the oil tanker Anne docked safely at the Oxy Ingleside Energy Center export terminal. The tanker is owned by the Belgium-based Euronav and belongs to the Very Large Crude Carrier (VLCC) class of oil tankers. The Anne is over three football fields long and sits […]
US Rig Count is 1,038 this week (+2). Permit count is 668 (-80). 73 rigs waiting to spud. [RigData] http://bit.ly/2rAQAl1
Oil prices tank as OPEC deal on output cuts disappoints traders Oil prices tanked early Thursday after OPEC reached an agreement to cap oil production for another nine months at the same level that couldn’t fix the oversupplied oil market this year. The U.S. oil benchmark fell as […]
US Rig Count is 1,012 this week (+11). Permit count is 944 (+57). 36 rigs waiting to spud. [RigData http://bit.ly/2riZ7p1]
EOG Resources collected its first profit in nearly two years in the first quarter, wringing money from a revived oil patch amid higher energy prices, the company said Monday. The Houston oil explorer pumped more oil than ever as it slashed the costs of bringing wells into production […]
Many oilfield service and supply companies, including Halliburton (NYSE: HAL), Hi-Crush (NYSE: HCLP), U.S. Silica (NYSE: SLCA), and Fairmount Santrol (NYSE:FMSA) have cited a shortage of frac sand for the U.S. shale plays, specifically 40/70 in the Permian Basin. Advancements in the horizontal drilling and completion techniques of […]
