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Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads
While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.
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Oil Jumps 5% After 7 Days Of Losses, Boosted By Weaker Dollar
While the pandemic drags on fuel demand, supply is steadily increasing. U.S. production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.
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ONGC Evacuates Nearly 500 Employees Before Cyclone Fani Makes Landfall
India's biggest oil and gas producer ONGC has evacuated close to 500 of its employees from offshore installations in the Bay of Bengal and moved drilling rigs to safer locations ahead of an impending cyclone that is expected to make landfall on Friday.
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Robots Are Taking Over Oil Rigs As Roughnecks Become Expendable
The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. It could also be a reason he's not working there today.
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Oil Slips As US Drilling Recovery Offsets OPEC-Led Cuts
U.S. drillers added the most rigs in nearly four years last week, data from energy services company Baker Hughes showed on Friday, extending an eight-month drilling recovery.
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ONGC Offered Deep Sea Drilling Rigs For KG Gas Find: Report
ONGC is investing $5.07 billion for developing Cluster-II discoveries in KG-D5 block to flow natural gas from from June 2019 and oil by March 2020.
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Vietnam Tells China To Shift Its Rig And Stop Complicating Ties
Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering unease among the two communist neighbours.
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Oil Steadies on US Rig Count Drop, Small Crude Build
Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of US rigs actively drilling for oil.
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Oil Ends Down More Than 2% as US Drilling Points to Glut
US crude dipped below the $40 threshold following weekly data that showed US energy firms added two oil drilling rigs last week, the fifth increase in a row. The rise in the number of rigs emerging after a second quarter lull in prices is adding to concerns US shale production is proving slow to respond to falling prices, prolonging a global glut.
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Oil Edges Lower as Saudi Crude Exports Fall, US Cuts Drill Rigs
Oil prices edged lower on today as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in US drilling activity seen earlier this month seemed to fizzle out.
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Oil Up Sharply, Posts First Monthly Gain Since June
Both Brent and US futures briefly pared gains after Baker Hughes Inc data showed its US oil drilling rig count fell only 33 to 986 this week.
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Oil Surges 8% as US Rig Count Plunges
Oil prices rocketed more than 8 per cent higher on Friday, their biggest one-day gain in two and a half years, after data showed US drillers were slamming the brakes on the shale drilling boom.
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China's Top Diplomat to Visit Vietnam Again Amid Sea Dispute
China's top diplomat will visit Vietnam next week, China said on Friday, five months after he last visited during a period of tension over a Chinese oil drilling rig working in part of the South China Sea both countries claim.
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Gas Leak at Bombay High Oil Rig, Workers Evacuated
A high pressure, highly inflammable gas leak was today reported at a well state-owned Oil and Natural Gas Corporation (ONGC) was drilling at the Bombay High oil rig, off the coast of Mumbai.
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China Finishes Oil Drilling in Disputed Waters
An oil rig that China moved into contested waters to the fury of Vietnam has finished drilling "as planned", the energy company behind the project said, a month earlier than expected.
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Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads
While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.
-
Oil Jumps 5% After 7 Days Of Losses, Boosted By Weaker Dollar
While the pandemic drags on fuel demand, supply is steadily increasing. U.S. production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.
-
ONGC Evacuates Nearly 500 Employees Before Cyclone Fani Makes Landfall
India's biggest oil and gas producer ONGC has evacuated close to 500 of its employees from offshore installations in the Bay of Bengal and moved drilling rigs to safer locations ahead of an impending cyclone that is expected to make landfall on Friday.
-
Robots Are Taking Over Oil Rigs As Roughnecks Become Expendable
The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. It could also be a reason he's not working there today.
-
Oil Slips As US Drilling Recovery Offsets OPEC-Led Cuts
U.S. drillers added the most rigs in nearly four years last week, data from energy services company Baker Hughes showed on Friday, extending an eight-month drilling recovery.
-
ONGC Offered Deep Sea Drilling Rigs For KG Gas Find: Report
ONGC is investing $5.07 billion for developing Cluster-II discoveries in KG-D5 block to flow natural gas from from June 2019 and oil by March 2020.
-
Vietnam Tells China To Shift Its Rig And Stop Complicating Ties
Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering unease among the two communist neighbours.
-
Oil Steadies on US Rig Count Drop, Small Crude Build
Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of US rigs actively drilling for oil.
-
Oil Ends Down More Than 2% as US Drilling Points to Glut
US crude dipped below the $40 threshold following weekly data that showed US energy firms added two oil drilling rigs last week, the fifth increase in a row. The rise in the number of rigs emerging after a second quarter lull in prices is adding to concerns US shale production is proving slow to respond to falling prices, prolonging a global glut.
-
Oil Edges Lower as Saudi Crude Exports Fall, US Cuts Drill Rigs
Oil prices edged lower on today as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in US drilling activity seen earlier this month seemed to fizzle out.
-
Oil Up Sharply, Posts First Monthly Gain Since June
Both Brent and US futures briefly pared gains after Baker Hughes Inc data showed its US oil drilling rig count fell only 33 to 986 this week.
-
Oil Surges 8% as US Rig Count Plunges
Oil prices rocketed more than 8 per cent higher on Friday, their biggest one-day gain in two and a half years, after data showed US drillers were slamming the brakes on the shale drilling boom.
-
China's Top Diplomat to Visit Vietnam Again Amid Sea Dispute
China's top diplomat will visit Vietnam next week, China said on Friday, five months after he last visited during a period of tension over a Chinese oil drilling rig working in part of the South China Sea both countries claim.
-
Gas Leak at Bombay High Oil Rig, Workers Evacuated
A high pressure, highly inflammable gas leak was today reported at a well state-owned Oil and Natural Gas Corporation (ONGC) was drilling at the Bombay High oil rig, off the coast of Mumbai.
-
China Finishes Oil Drilling in Disputed Waters
An oil rig that China moved into contested waters to the fury of Vietnam has finished drilling "as planned", the energy company behind the project said, a month earlier than expected.
