Monday, September 30, 2024

Baker Hughes Rig Count: U.S. Up 11, Canada Up 24 since Last Week

Canadian Oil Drilling is More Active than a Year Ago Drilling activity is picking up in North America as oil prices continue to climb higher this week. The latest information from Baker Hughes Industries (ticker: BHI) shows the U.S. added 11 rigs in the week ended September 30, 2016, which Canada added 24 in the same time period. Even as

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - Oil & Gas 360

Alabama’s Pipe Problem Caused Crude and Gasoline Markets to Freak

Colonial Line 1 Outage and Choked East Coast Gasoline Market Resulted in Record Stock Changes, Supply Imbalances, and Regional Rally Due to a leak detected near Birmingham, AL, Colonial Pipeline Line 1 was placed out of service between September 9 and September 21, with implications felt regionally and worldwide. Gasoline stocks in the Lower Atlantic region plunged as a result,

China May Be Storing More than 150% More Oil than Official Estimates

New third-party estimates put Chinese strategic oil reserves at 600 MMBO, 366 MMBO more than official reports The actual amount of crude oil stored in China may be significantly higher than official reports indicate, according to geospatial analytics company Orbital Insights. Using satellite imaging, the company estimates oil storage in China, the world’s largest energy consumer, was at 600 MMBO

Big Opportunity for Canadian E&Ps

Canada stands front and center as the primary trade partner to the U.S. In fact, the U.S. gets a whopping 96.4% of its natural gas imports from Canada. But the opportunities to further expand Canada’s oil and natural gas exports to the U.S. are immense and Canadian E&Ps are responding. Horizontal drilling in Canada’s shale plays has only recently started

Premium Content

  • Analytics: Data,
    Dashboards, Knowledge
  • EnerCom Conference Replays
  • Exclusive Video Interviews