Chris
Mathews
Hart Energy
US Oil Stockpiles Fall Across the Board on Higher Exports, Demand, EIA Says
Some of the stock drawdowns could be attributed to normalizing operations following Hurricane Beryl's rampage of the Texas coast.
SLB Collaborates with Aker BP on AI-driven Digital Platform
SLB and Aker BP’s partnership will build a digital platform that will benefit Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase crude production.
Permian Prowl: Exploratory Drilling, Permitting Up for Permian Barnett Wells
In the never-ending hunt for Permian drilling locations, a growing number of operators are testing wells in less-developed formations and the basin’s extensional fringes.
Chevron to Divest 20% Interest Offshore Suriname to QatarEnergy
Chevron Corp. will divest a 20% interest to QatarEnergy in a production sharing contract related to Suriname offshore Block 5.
An Oil Boom? ‘What Boom?’
Frustrations were clear among oilfield and investment Redditors in response to an article that suggested the oil industry is booming. Here’s what happened—expletives deleted, emojis and all.
What's Affecting Oil Prices This Week? (July 22, 2024)
While oil traders have been adding to their net long positions in recent weeks, the rate of increase has slowed. Last week, traders of WTI increased their net long positions by only 4.25% by increasing their long positions while decreasing their short positions, while traders of Brent crude decreased their net long positions by increasing their short positions.
Oil Prices Fall as Investors Take Stock of Biden Exit, Rate Cuts in Focus
Oil prices fell on July 22 after Joe Biden announced he would not seek a second term as U.S. president.
Report: FTC Probes Hess, Diamondback, Oxy Over OPEC Communications
Investigators are looking for evidence that executives at Hess Corp., Diamonddack Energy or Occidental Petroleum attempted to collude with OPEC officials on oil market dynamics, according to a Bloomberg report.
Exxon Surprises with Smaller FPSO for Guyana’s Hammerhead Project
Exxon Mobil Corp. announced plans for its seventh development offshore Guyana, Hammerhead, which will add 120,000 bbl/d to 180,000 bbl/d of production capacity starting in 2029.
US Drillers Add Oil, Gas Rigs for Second Time in Three Weeks
The oil and gas rig count, an early indicator of future output, rose by two to 586 in the week to July 19, its highest since late June.