- Free Downloads
Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level since March 2015, Baker Hughes, a GE company, said in its weekly report.
SDX Energy Inc. (TSXV, AIM: SDX) announced on April 20 that a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit in Morocco (SDX 75 %).
Oil prices fell on April 20 after President Donald Trump criticized OPEC and said oil prices were artificially high, but they were still set for a weekly gain.
The pact runs until the end of this year, and an OPEC meeting in June in Vienna will see participants decide their next course of action.
Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said April 20, the latest sign of recovery in the energy industry.
Baker Hughes said oilfield services revenue rose 10.1% to $2.64 billion in the quarter, with the company winning major contracts in the Permian Basin and the Gulf of Mexico.
Development on the blocks offshore Angola had been complicated by a dispute between Sonangol and Cobalt, which until recently was the operator of the blocks and owned a 40% stake in them.
Oklahoma regulators on April 19 ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks after a series of earthquakes shook the state.
Republican Senator Lisa Murkowski said in a joint statement with Alaska's other lawmakers that the drilling would "help ensure the energy and economic security of our nation."
Wellsite Fishing and Rental Services LLC has appointed Ryan Henderson as its new executive vice president, the company said in a statement on April 19.
A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said on April 19, thanks in part to an OPEC-led supply cut deal in place since January 2017.
Frontera Resources Corp. on April 19 announced the successful completion of drilling operations at the Dino-2 well, the second of the three-well drilling campaign at the company’s Taribani complex on Block 12 in Georgia.