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UPDATE 1-U.S. oil rig count lowest since 2010 as drillers step up cuts -Baker Hughes
2016-01-08 21:38:01| Oil & Gas - Topix.net
Jan 8 The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday. Drillers removed 20 oil rigs in the week ended Jan. 8, bringing the total rig count RIG-OL-USA-BHI down to 516, the least since April 2010, oil services company Baker Hughes Inc said in its closely followed report.
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Oil rig worker killed, 2 hurt in North Sea storm
2015-12-31 05:42:31| Oil & Gas - Topix.net
Norway's Statoil ASA said Wednesday that one rig worker had died and two others were injured after a huge wave hit a North Sea rig amid stormy weather, and the oil and gas company said the rig is now heading for the mainland. "It is with sorrow that Statoil and COSL has received confirmation from the police that one person has deceased after a huge wave hit the COSL Innovator rig today," Statoil said.
Oil Bulls Maintain Momentum as Rig Cutbacks Seen Reducing Glut
2015-10-19 23:55:28| Energy - Topix.net
Money managers boosted their net-long position in West Texas Intermediate crude by 6.6 percent in the week ended Oct. 13 to the highest level since June, according to data from the Commodity Futures Trading Commission. Shorts, or bets that prices will decline, dropped the eighth time in nine weeks.
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Oil Bulls Maintain Momentum as Rig Cutbacks Seen Reducing Glut
2015-10-19 09:35:03| Oil & Gas - Topix.net
Money managers boosted their net-long position in West Texas Intermediate crude by 6.6 percent in the week ended Oct. 13 to the highest level since June, according to data from the Commodity Futures Trading Commission. Shorts, or bets that prices will decline, dropped the eighth time in nine weeks.
Tags: oil
maintain
reducing
momentum
Weekly US oil and natural gas rig count falls by 6 to 842
2015-09-18 21:07:39| Oil & Gas - Topix.net
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by six to 842. Houston-based Baker Hughes said Friday that 644 rigs were seeking oil and 198 explored for natural gas.
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