Saturday, November 30, 2024

Commemorating America’s Slain Soldiers on Memorial Day

Preparations for a Solemn Remembrance Friday’s Wall Street Journal marked the beginning of the Memorial Day weekend with a large photo under the above title. The picture is placed prominently on the front page above the fold. It’s an image of a lone U.S. Army soldier in fatigues placing small American flags at the graves of soldiers who are buried

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

Say Goodbye to Hercules Offshore

HERO Re-enters Chapter 11 with Plans to Dissolve the Company Hercules Offshore (ticker: HERO) announced today that it has decided to return to Chapter 11 bankruptcy less than seven months after the company’s initial bankruptcy claim. Hercules plans to dissolve the company and sell all remaining assets instead of restructuring and staying in business. Hercules said in a press release

Oil Prices

Total U.S. Rig Count Holds Steady at 404 Rigs

Count of U.S. Working Oil Rigs Falls 2 Rigs to 316 The total U.S. rig count held steady this week for the first time in 2016 (last week of unchanged rig count was December 18, 2015), bucking the trend of continued decline. Oil rigs continued to decline, down -2 rigs this week, and 220 rigs year to date. Natural gas