Week on week, the U.S. land rig count, offshore rig count, and inland water rig count remained unchanged, the count highlighted. The U.S. gas rig count decreased by one, its oil rig count increased by one, and its miscellaneous rig count remained unchanged, week on week, the count showed. Baker Hughes’ count revealed that the U.S. horizontal rig count decreased by one week on week, while the country’s directional rig count increased by one and its vertical rig count remained unchanged during the period.
Week on week, the U.S. land rig count increased by two, the country’s offshore rig count decreased by one, and its inland water rig count remained unchanged, the count highlighted. The U.S. oil rig count dropped by two, its gas rig count increased by three, and its miscellaneous rig count remained unchanged, week on week, the count showed. Baker Hughes’ count revealed that the U.S. horizontal rig count increased by three week on week, while the country’s directional and vertical rig counts each decreased by one during the period.
North America’s total rig count remained unchanged week on week, according to Baker Hughes’ latest North America rotary rig count, which was published late Friday. Although the U.S. dropped one rig week on week, Canada added one rig during the same timeframe, leaving the total North America rig count at 784, Baker Hughes’ count outlined. […]
Tellurian Inc. and Aethon Energy Management LLC announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase two million tons per annum (MMtpa) of liquified natural gas (LNG) from Tellurian’s Driftwood LNG plant.
Oil prices were little changed on Thursday as markets weighed new economic data from China against increasing supply from the Western Hemisphere. Brent crude futures settled flat at $82.96 a barrel. U.S. West Texas Intermediate crude futures ended 20 cents lower at $78.93.
Record temperatures in Europe and North America extended the gas storage refill season, leading to high inventories.
Natural gas demand decreased due to warmer weather, an industrial slowdown in Europe, and record U.S. production and LNG exports.
Futures and options market winter premiums have diminished, contributing to a drop in Europe’s natural gas prices and bearish trends in the U.S. and Asian markets.
Morocco is at a crossroads. Its ecological conditions, with the sun of the Sahara and the wind of the Atlantic coast, make it a prime candidate for massive-scale solar and wind farms.
Bubune Sorkpor has extensive experience working in investment teams covering North America, Mauritius and Ghana. He is expected to lead investment strategy at MIIF