Sunday, December 29, 2024

Focus Tools Launches a New Marketing Communications Tool

Simplicity and advanced technology drive company’s success manufacturing downhole measuring tools for the harshest drilling environments Denver-based Focus Tools, an MWD (Measurement-While-Drilling) oil and gas drilling tool manufacturer, has undergone significant changes in the past few years. The company’s path has paralleled the trailblazing nature of the shale revolution by incorporating advanced technologies and simple, reliable designs into MWD tools

COP, CNE Expand into Unconventionals in Columbia

Via Reuters Two oil companies operating in Colombia will expand their exploration contracts to non-traditional oil deposits, the government said on Thursday, as the South American country looked to increase its reserves. New regulations allow companies that signed traditional exploration contracts before 2012 to include exploitation of non-traditional sources of oil, like fracking. U.S.-based ConocoPhillips (ticker: COP) and CNE Oil

Husky Energy Signs Production Sharing Agreement with CNOOC

Husky Oil Operations (China) Limited (Husky), an affiliate of Husky Energy (TSX: HSE), has signed a Production Sharing Contract (PSC) for an exploration block offshore China. The 15/33 block is located in the Pearl River Mouth Basin in the South China Sea, about 140 kilometres southeast of Hong Kong, in water depths of approximately 80-100 metres. Husky expects to drill

Export Study

U.S. Economy Adds 211,000 Jobs in November

The Bureau of Labor Statistics (BLS) reported strong November jobs growth today ahead of the Federal Reserve’s December meeting. The U.S. economy added 211,000 jobs in the month of November, according to the BLS, adding to the possibility that that the Fed may decide to raise interest rates later this month on the stronger employment data. Overall unemployment remained unchanged

Colorado Oil: Adams County Commissioners Vote to Put in a Temporary Moratorium on Oil & Gas Permit Applications- Oil & Gas 360

Rig Counts Down 34 in the Month of November

Oil rig count continues to lead decline, shedding 10 this week alone The total number of rigs drilling in the United States declined every week through the month of November, according to information released by Baker Hughes (ticker: BHI). The total U.S. rig count fell by seven this week to 737 from 744 last week. The total rig count is