Scoop-Stack to Hit Record-low in Terms of Average Rig Count in 2020
Scoop-Stack hit a peak, in terms of rig count in 2018, averaging approximately 75 rigs for the year with the majority of them operating within...
Energies Media Staff
Crude Production Cuts in the US Too Slow to Support the Price as Storage Runs Out by Mid-May
Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as low as negative US$37.6 per...
Eagle Ford Natural Gas Production Benefiting from Crude Oil Price Crash
The oil price crash has forced Eagle Ford operators to re-evaluate their cash flows, cutting capital expenditure and rig count in 2020. By assessing the...
TIPRO Reaction to Railroad Commission Proration Hearing
Austin, Texas – Today, the Railroad Commission of Texas will conduct an open meeting to discuss a motion to determine reasonable market demand for oil...
Pemex in No Position to Maintain Output Profitably Regardless of OPEC+ Requests
Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent on Mexico’s consent to also...
Coronavirus Creates Supply Chain and Workforce Management Challenges for Oil and Gas EPC Projects
Following the coronavirus (COVID-19) outbreak, China – the world’s biggest importer of crude oil – has been forced to cut down on consumption. The resulting...
COVID-19 Outbreak Leads to a Surge in Tanker Rates
The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil...
Kurita Water Industries Announces Merger of Its U.S. Subsidiaries
Newly formed Kurita America aims to change how water treatment solutions are designed and delivered Nakano-ku, Japan – Kurita Water Industries, (Kurita), a leading global...