Markets Shrug On Flat Oil Rig Count

The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks prior.  The number of oil rigs stayed flat this week, while the number of gas rigs gained eight. The WTI and Brent benchmarks fell earlier in the week on ...

Source: Oilprice.com

Canada Weekly Rig Count Up 5 to 208

Western Canada’s fleet of drilling rigs went up by 5 to the current count of 208 actively drilling rigs according to data collected by Baker Hughes for the week of November 17th. From one week ago, Alberta rig counts increased from 148 to 155, the Saskatchewan rig count decreased from 26 to 25. Oil drilling [Read More…]

Source: BOE Report

Iran Prepares To Export LNG To Boost Trade Relations

Iran could ship its first export-bound cargo of LNG at the end of 2018, BMI Research said, after a JV between Iran’s Kharg Gas Refining Co. and Helma Vantage began talks with Belgian ship owner Exmar to charter its floating LNG vessel Caribbean FLNG for the short term. The JV has already sealed a deal with the National Iranian Oil ...

Source: Oilprice.com

Iran Prepares To Export LNG To Boost Trade Relations

Iran could ship its first export-bound cargo of LNG at the end of 2018, BMI Research said, after a JV between Iran’s Kharg Gas Refining Co. and Helma Vantage began talks with Belgian ship owner Exmar to charter its floating LNG vessel Caribbean FLNG for the short term. The JV has already sealed a deal with the National Iranian Oil ...

Source: Oilprice.com

Tesla’s Surprise Unveiling Reveals Fastest Production Car Ever

While all EV enthusiast and investor eyes were focused on Tesla’s Semi-truck unveiling last night, the EV maker shocked the crowed with a bonus at the end of the ceremony, presenting the new Tesla Roadster that Elon Musk says “will be the fastest production car ever made, period.” The Tesla Roadster sports car will be capable of accelerating 0-60 ...

Source: Oilprice.com

Hamm: EIA Forecasts Costly To Industry

Energy titan Harold Hamm reiterated his concerns about the U.S. Energy Information Administration’s (EIA) oil production forecasts  Nov. 16, this time on the federal agency’s own webinar. “We believe that the unrealistic growth projection that EIA has made disadvantages U.S. markets,” said Hamm, chairman and CEO of Continental Resources Inc., who spoke in his role as chairman ...

Source: Oilandgasinvestor.com Feeds