Saturday, October 19, 2024
U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count decreased by 1 this week, at 790

This week’s Baker Hughes rig count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 790 rigs. Canada had a decrease of 4 over last week, resulting in a total Canadian count of 240 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford, DJ-Niobrara, and Permian regions

Trump ready to end Chevron’s sanctions waiver in Venezuela- oil and gas 360

Trump ready to end Chevron’s sanctions waiver in Venezuela

Houston Chronicle The Trump administration is ready to unleash the full impact of sanctions on Chevron Corp.’s operations in Venezuela as the U.S. seeks to further squeeze the Maduro regime. While no decision has been made, it’s increasingly unlikely that the U.S. will again extend to Chevron a waiver to access Venezuela’s crude reserves, people familiar with the matter said.

OPEC leaning towards larger oil cuts as virus hits prices, demand: sources- oil and gas 360

OPEC leaning towards larger oil cuts as virus hits prices, demand: sources

Reuters LONDON – Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices fell to $50 per barrel on fears the coronavirus outbreak will hit oil demand badly. Saudi Arabia, the biggest producer in OPEC, and some other members are considering agreeing an output

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