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Drilling

Oil&Gas Drilling
US Gas in Storage Increased to 2.533 Tcf
The US Energy Information Administration on Thursday reported a 62 Bcf build to US natural gas storage for the week ending July 12, marking the first bullish re…
US Drilling Leases could Create More Climate Pollution than EU Does in a year Since Trump took office
Donald Trump’s leases of public lands and waters for oil and gas drilling could lead to the production of more climate-warming pollution than the entire Europe…
Oil&Gas Drilling
Oil And Gas Activity To Recover in Gulf of Mexico After "Barry"
Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.
Oil&Gas Drilling
EU Imposes Financial Sanctions on Turkey
EU will halt high-level dialogue with Turkey, suspend talks over aviation deal, cut 145.8 million euros in pre-accession financial funds allocated for 2020.
Oil&Gas Drilling
Brazil Just Got a Huge New Oil Field
Brazil is petitioning the United Nations to extend its territorial waters to include the new oil field, but opinions are divided as to whether the country needs…
Oil & Gas Trade
China's Sinopec Sets Up Fuel Oil Unit in Sri Lanka
China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along…
Oil&Gas Drilling
Chinese Oil Giants Fast-Track Investments to Boost Domestic Output
Will increasing capital spending by the Chinese companies be a winning bet and generate profitable returns, considering the soaring development costs in China’…
Oil&Gas Drilling
Hurricane Barry Makes Landfall as Southeast Natural Gas Production hits 2019 Low
Hurricane Barry hit the shores of Louisiana as a Category 1 hurricane late Saturday morning as total Southeast natural gas production fell to its lowest mark of…
Oil&Gas Drilling
EU Threatens Sanctions on Turkey over Cyprus Drilling
The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey’s “illegal” drilling for gas and oil off Cyprus and…
Crude
Huge Zimbabwe Oil, Gas Potential for Invictus, Findings Show
INVICTUS Energy Limited (IEL) says findings by a United Kingdom-based firm show a potential of 1,3 billion barrels of oil-equivalent, which consists of 200 mill…
The Permian Craze Is Fizzling … But Shale Oil Production Isn’t
The frenzied Permania that had oil and gas companies rushing to the O&G hotspot may be on the outs, but production in the industry’s number one basin has not, …
New Geothermal Heating Project Kicking Off in Norway
The site of a new National Police Emergency Response Center in Norway is also the drilling site for four 1500 meter-deep geothermal wells which will push the bo…
PDPU to Rope in Oil Companies to Harness Geothermal Energy
The state is now exploring geothermal renewable energy and it is ready to set up its first geothermal power plant of 10-20 kilowatt capacity.

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