Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up by three This week’s Baker Hughes rig count shows that U.S. numbers declined by eight, resulting in the total count falling to 934. Compared to this time last year, numbers are down 123. Canada is up compared to last week with a total count of 140, representing
From The Houston Chronicle Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s officials. State-run Saudi Arabian Oil Co., known as Aramco, will cut customer allocations across all regions by a total of
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up by ten This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 942. Compared to this time last year, numbers are down 102. Canada is up compared to last week with a total count of 137, representing
From The Houston Chronicle Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.” NOV reported a nearly $5.39 billion loss on $2.13 billion of revenue during the second quarter. The figures translated into a $14.11 loss per share. The second quarter earnings were mixed compared
By Tyler Losier, Energy Reporter, Oil & Gas 360 Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation. Should the deal
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up by nine This week’s Baker Hughes rig count shows that U.S. numbers declined by eight, resulting in the total count falling to 946. Compared to this time last year, numbers are down 102. Canada is up compared to last week with a total count of 127, representing
By Tyler Losier, Energy Reporter, Oil & Gas 360 Cuda Oil and Gas to sell all of its Quebec assets for a transaction value of US $8.05 Million Cuda Oil and Gas Inc. (stock ticker: CUDA), a Calgary-based E&P with operations across North America, has entered into a series of binding asset purchase agreements (APAs) to sell all of its
From Bloomberg Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear. The world’s biggest provider of fracking equipment, including heavy duty rock-blasting pumps and
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up by one This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 954. Compared to this time last year, numbers are down 92. Canada is up compared to last week with a total count of 118, representing
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers down by three This week’s Baker Hughes rig count shows that U.S. numbers declined by five, resulting in the total count falling to 958. Compared to this time last year, numbers are down 96. Canada is also down compared to last week with a total count of 117,
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers also down by four This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 963. Compared to this time last year, numbers are down 89. Canada is also down compared to last week with a total count of
By Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up five This week’s Baker Hughes rig count shows that U.S. numbers stayed static, resulting in the total remaining at 967. Compared to this time last year, however, numbers are down 80. Canada, on the other hand, is up compared to last week with a total count of 124,
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