CNBC's Jackie DeAngelis reports on the addition of two more
U.S. oil rigs after a brief reduction last week.
Not exact matches
Oil fell earlier in the day after a weekly report showed U.S. drillers added five oil rigs in the week to April
Oil fell earlier in the day after a weekly report showed
U.S. drillers added five
oil rigs in the week to April
oil rigs in the week to April 27.
U.S. drillers added five
oil rigs in the week to April 27, bringing the total count to 825, the highest since March 2015, General Electric's Baker Hughes energy services firm said.
The American Petroleum Institute puts out its monthly report on
U.S. oil inventories and demand on Thursday, a day after the
U.S. Energy Information Administration releases its own
oil inventory report, while Friday brings Baker Hughes» weekly look at the number of
oil and gas
rigs operating in the
U.S..
U.S. drillers added five
oil rigs looking for new production in the week to April 27, according to energy services firm Baker Hughes, bringing the total count to a March 2015 high of 825.
SINGAPORE, April 23 (Reuters)-
Oil prices dipped early on Monday as a rising
U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.
U.S. drillers added five
oil rigs drilling for new production in the week ending April 20, bringing the total count to 820, the highest since March, 2015, according to General Electric's Baker Hughes energy services firm.
Oil prices gave up earlier gains as rising
U.S. output loomed over markets, despite a slowdown in
rig drilling activity.
«You're starting to see
rig counts go down in the
U.S.; you're seeing capital expenditure budgets slashed in the oilsands and the shale
oil fields in the
U.S..
U.S. energy companies added 12
oil rigs drilling for new production last week, taking the total to 759, General Electric Baker Hughes energy services firm said on Friday.
SINGAPORE, April 23 (Reuters)-
Oil prices dipped on Monday as a rising
U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.
WINNIPEG, Manitoba / VANCOUVER, April 23 (Reuters)- At an Alberta
oil loading terminal, a convoy of big
rigs are gearing up to haul Canadian crude
oil hundreds of miles through bone dry fields across the
U.S. border into Montana, where the
oil will be transferred to pipelines and rail cars headed south and west.
Incidents involving death or safety, like Toyota's TM, -0.02 % faulty air bag recall or the 2010 explosion of a BP BP, -0.03 %
oil rig and
oil spill in
U.S. waters, were more catastrophic in terms of consumer fallout.
Now, however, with prices less than half of what they were in July, many
U.S. oil companies have been forced to shut down
rigs, effectively slowing down output.
The dollar's weakness, however, failed to help global
oil prices, which continued to fall in Monday trading following last Friday's data from Baker Hughes (BHI) showed
U.S. oil and natural gas producers added 21
rigs over the past week,
The
U.S. oil -
rig count fell by 13 to 400 in the latest week, according to Baker Hughes Inc., maintaining a recent clip of sharp declines.
A greater than 50 percent reduction in the
U.S. rig count has only just started to slow
U.S. domestic
oil production.
The
U.S. oil -
rig count dropped by 16 to 578 in the latest week, the ninth consecutive week of declines, according to Baker Hughes Inc..
Oil prices had a small rally in the afternoon after data showed further cuts to the number of rigs working U.S. oil fiel
Oil prices had a small rally in the afternoon after data showed further cuts to the number of
rigs working
U.S. oil fiel
oil fields.
I don't think his hair looks plasticky, though I do think that the
U.S. would see a 57 cent drop in the price of gas if someone put an
oil rig on top of that.
A worker on the Deepwater Horizon
oil rig is claiming he told BP about a faulty piece of safety equipment weeks before the
rig explosion that has led to the largest
oil spill in
U.S. history.
The case is In re:
Oil Spill by the
Oil Rig «Deepwater Horizon» in the Gulf of Mexico, on April 20, 2010,
U.S. District Court, Eastern District of Louisiana, No. 10 - md - 02179.
The scientist - versus - scientist clashes are just some of the new details about science's role in stopping the spill that have emerged in the year since the Deepwater Horizon drilling
rig exploded and set off what would become the worst
oil spill in
U.S. history.
Remembered as the worst spill in
U.S. history, the incident involved a BP - operated
rig exploding and sinking near the Mississippi River Delta before it unloaded millions of gallons of crude
oil into the water for over a month.
SYNOPSIS: A story set on the offshore drilling
rig Deepwater Horizon, which exploded during April 2010 and created the worst
oil spill in
U.S. history.
Directed by Peter Berg, the film is a dramatization of the 2010 disaster in which the offshore drilling
rig Deepwater Horizon explodes, thus creating the worst
oil spill in
U.S. history.
U.S. producers have made it clear that they'll significantly ramp up production and
rig counts if
oil rises above $ 60 for an extended period of time.
That's why Surfrider is doubling down on our efforts to ensure that new
oil rigs will not be approved in
U.S. waters.
Virtually all of America's offshore
oil and gas
rigs (providing about 17 percent of
U.S. production) are along the Gulf Coast, as is almost half of the country's refinery capacity; a fact that the country was unhappily reminded of when it was all shut down during Hurricane Harvey in 2017.
A January article in Forbes titled «Trump's American Energy Dominance Agenda Becoming Reality» unintentionally highlighted this paradox, opening with a note that the outlook for American
oil is strong, precisely because «the
U.S. rig count remains remarkably stable.»
That same week, BP's
oil rig in the Gulf had exploded, killing 11 workers and unleashing the biggest environmental catastrophe in
U.S. history.
The environmental effect was only the latest question prompted by the disaster on the Deepwater Horizon
rig, which could shape up to be one of the worst
U.S. offshore
oil accidents in a generation.
While
U.S. oil production is down from last year's highs and bankruptcies are up, the industry has become more efficient and the cost of extracting
oil from shale is continuing to come down — resulting in the sixth straight week of an increased
rig count and the 15th without a decrease.
The Occupational Safety and Health Administration (OSHA) is charged with protecting
oil rig employees and other
U.S. laborers from unsafe working conditions, and they have fined
oil and gas companies millions of dollars for neglecting to provide an adequately safe work environment.
Via Cruise Law News comes a link to a lengthy Los Angeles Times article exploring the practice of
oil companies registering their drilling
rigs in exotic foreign lands to avoid, to the greatest extent possible, oversight by
U.S. authorities.
Working on an
oil rig has been rated as one of the top ten worst jobs in the
U.S., primarily due to the hazardous working environment and high degree of stress associated with
rigging jobs.
More recent cases include the firm's representation of thousands of clean - up workers and Gulf Coast residents who were physically or financially harmed by BP
Oil Company's wrongdoing, which resulted in the explosion of BP's Deepwater Horizon oil rig, causing the worst oil spill in U.S. histo
Oil Company's wrongdoing, which resulted in the explosion of BP's Deepwater Horizon
oil rig, causing the worst oil spill in U.S. histo
oil rig, causing the worst
oil spill in U.S. histo
oil spill in
U.S. history.
Implications: There has been a drastic change in
U.S. oil production —
rig counts in the
U.S. are at their lowest level in 50 years.