Tag Archives: oilfield

What Could Omicron Cost Global Oil Market?

Covid,Omicron, oilfield, oil and gas, oil industry The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day of demand in the first quarter of next year, bringing total demand down to 95.7 million barrels per day, if it triggers more lockdowns or restrictions. That’s according […]

USA Adds 7 Rigs

#oil and gas #oil #oilfield #roughneck #drilling #rig The U.S. added seven land rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on November 19. Total rig figures in the country now stand at 563, the latest count shows, comprised of 546 land rigs, 15 offshore rigs and two […]

Phillips 66 Converting Louisiana Refinery

#oilandgas#oilfield#refinery#oil#drilling#rougnck#cowboy Phillips 66 (NYSE: PSX) has announced that it plans to convert its Alliance Refinery in Belle Chasse, Louisiana, to a terminal facility. The conversion is expected to take place in 2022, Phillips 66 highlighted. The refinery employs approximately 500 employees and 400 contractors, according to the company. “We made this decision after exploring several […]

Biden Gulf of Mexico Lease Sale Results Are In

#oil and gas, #oilfield, #gulf of mexico, #drilling, #roughneck, #cowboy he Bureau of Ocean Energy Management (BOEM) has announced that Gulf of Mexico Lease Sale 257 generated $191,688,984 in high bids for 308 tracts covering 1.7 million acres in federal waters of the Gulf of Mexico (GOM). A total of 33 companies participated in the […]

Biden Auction to Test Industry Appetite

#oilfield, #oil and gas, #drilling, #rig, #roughneck, #cowboy The Biden administration is selling drilling rights across the Gulf of Mexico on Wednesday in an auction that will test the oil industry’s appetite amid White House efforts to shift away from fossil fuels. The sale will take place despite pleas from environmental activists for its cancellation, […]