Tag: drilling rigs

NUMBERS DO NOT SUPPORT OPTIMISM

S&P Global published report titled “Industry Top Trend 2017” which indicates that rating trends across the energy sector continue to stabilise. The sub-sectors with the highest percentage of negative outlooks primarily are oilfield services and […]

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What is behind Tillerson’s statement on upcoming “comprehensive review” to determine the U.S. strategy on Iran?

The statement made by Secretary of State regarding Trump’s administration intent to conduct “comprehensive review” on Iran, initially seemed to be surprising. I could not understand why would the U.S. government decided to do it […]

Financial Analysis of Oil and Gas Market – February 2017

VCI, a global consulting firm published an analysis of on oil and gas financial health. In it, VCI indicates that despite the near record increase in U.S. oil inventories last week – an increase of […]

Texas is once again making life difficult for OPEC.

The Permian Basin of Texas and New Mexico has emerged as the new poster boy of the U.S. shale oil revolution. Land prices in the Permian have skyrocketed, drilling activity has tripled since last year […]

Continental: Bakken Ranks High Among Global Oil Fields

HART ENERGY:—Only 10 fields in the world produced more than 1 million barrels a day (MMbbl/d) last year—and the Bakken Shale was one of them, Jack Stark, COO and president of Continental Resources (NYSE: CLR), […]