The total number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday, after falling by 4 last week.
Pointing to key Biden administration policies to mitigate climate change, Energy Secretary Jennifer Granholm promised Wednesday that the United States would lead global energy transition.
Exports of crude oil from the United States have surged since Russia invaded Ukraine last year, with Europe turning into the biggest buyer of U.S. crude. The story is pretty much the same as in gas. And so is the production side of this story.
If the U.S. wants its LNG exports to continue to grow, it will need more pipelines in order to get the gas to export terminals.
U.S. offshore oil production is booming as operators are bringing new platforms online.
Years of underinvestment in drilling activity have taken their toll on the offshore industry.
In the U.S., bipartisan calls for a ban on Russian oil imports are growing louder, and although that won’t have a large impact on the U.S. oil market, it will send oil prices higher
Crude oil production in the United States could reach 12.6 million barrels daily next year, which would be a record high on an annual-average basis
Despite cost inflation, the largest oilfield service firms are optimistic that a multi-year upcycle in the industry has begun