The U.S. oil rig count held steady this week after rising for six weeks in a row even as crude prices soar to multi-year highs, prompting drillers to extract record amounts of oil, especially from shale.The total oil rig count held at 844 in the week to May 18, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.The U.S.
U.S. shale production is expected to rise by about 145,000 barrels per day to a record 7.18 million bpd in June, the U.S. Energy Information Administration said on Monday.A majority of the increase is expected to come from the Permian basin, the biggest U.S. oil patch, where output is expected to climb 78,000 bpd to a fresh record of 3.
U.S. energy companies added oil rigs for a third week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices near three-year highs.Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level since March 2015
The U.S. Coast Guard has issued its very first certificate of inspection (COI) under the Subchapter M requirements, which set new rules for the inspection, standards and safety policies of towing vessels.The COI issued to Marine Towing of Tampa's 90-foot tug Endeavor was signed Wednesday by Capt. Holly Najarian, commander of Sector St. Petersburg, Fla.
Methane Spirit, a liquefied natural gas tanker, said on Thursday it would arrive at Dominion Energy Inc's Cove Point LNG export facility in Maryland around March 31, according to Reuters shipping data. If correct, that could be the first vessel to pick up a cargo from the LNG facility, which Virginia-based Dominion said it expects to enter service in March.
Exxon Mobil Corp plans to invest billions of dollars in the United States due in part to recently approved corporate tax rate cuts, the company's chief executive said on Monday. Darren Woods, head of the world's largest publicly traded oil producer, said in a blog post on the company's website that Exxon expects to spend $50 billion in U.S. projects over the next five years.
The first liquefied natural gas vessel, the Maran Gas Delphi, was headed Thursday for Dominion Energy Inc's Cove Point LNG export facility in Maryland, a Reuters interactive map showed, with the facility expected to enter service by the end of the year. Cove Point will be the second large LNG export terminal in the lower 48 U.S.
The first two passenger vessels built by Louisiana-based shipbuilder Metal Shark for Entertainment Cruises’ Potomac Riverboat Company division have been delivered to Washington, D.C. and are now in service. The two 88’, 149-passenger high speed aluminum catamaran vessels “Potomac Taxi I” and “Potomac Taxi II” departed Metal Shark’s Franklin, Louisiana shipyard in mid-September
A state-of-the-art sonar system first developed and deployed by Shark Mitigation Systems (SMS) in Australia is now being recommended for use in Southern California, where an increase in the shark population has been observed. While shark attacks in California are rare (there have been 177 documented shark incidents in California since 1950
U.S. energy firms cut the most oil rigs in a week since January as a 14-month drilling recovery stalled due to weak crude prices. Drillers cut seven oil rigs in the week to Sept. 15, bringing the total count down to 749, the least since June, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.
U.S. dry natural gas production in 2017 was forecast to rise to 73.30 billion cubic feet per day (bcfd) from 72.29 bcfd in 2016, according to the Energy Information Administration's (EIA) Short Term Energy Outlook (STEO) on Tuesday. The latest July output projection was unchanged from EIA's forecast in June but falls short of the record high 74.14 bcfd produced on average in 2015.
The United States Coast Guard will on Tuesday start interviewing the crew of a Philippines-flagged container ship which collided with a U.S. warship in Japanese waters killing seven American sailors. The U.S. coast guard investigation is one several into the incident on Saturday involving the guided missile destroyer USS Fitzgerald and the much larger ACX Crystal.