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US Drillers Add Oil, Gas Rigs for Third Month in a Row
2020-10-30 18:21:22| OGI
U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since June 2018, and for a third consecutive month, even as oil majors cut spending due to the COVID-19 pandemic's impact on energy demand and prices.
Canadas Alberta Gives Struggling Oil, Gas Drillers Municipal Tax Break
2020-10-20 14:54:12| OGI
The measures combined are worth between C$81 million ($61.4 million) and C$84 million in the first year, government spokesman Justin Marshall said.
US Oil Drillers Add Rigs, Still Down for Seventh Quarter
2020-09-25 19:45:00| OGI
The oil and gas rig count, an early indicator of future output, rose six to 261 in the week to Sep. 25, energy services firm Baker Hughes said in its closely followed report.
Canadas Oil, Gas Drillers Face Permanent Contraction
2020-07-06 22:38:54| OGI
Just 18 rigs were active last week in the worlds fourth-largest oil-producing country, a fraction of even the depressed levels of a year ago, according to Baker Hughes data.
Shale Drillers Squeezed as Banks Tighten Credit after Oil Crash
2020-07-02 11:10:00| OGI
So far in the spring season of redeterminations, the total borrowing base for three dozen publicly listed North American oil companies has been slashed by $7.5 billion, according to a Reuters analysis.
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