SLB today announced a partnership with Shell to deploy Petrel™ subsurface software across its assets worldwide. The adoption of Petrel software is designed to increase digital capabilities and drive operating cost efficiencies. SourceContinue Reading

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig dip in the prior week. The total rig count in the US fell by 2 to 590 rigs, according to Baker Hughes, down...Continue Reading

Today’s Oil Prices Aren’t Survivable For US Producers | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Apr 04, 2025, 11:30 AM CDT Oil continued its dive into Friday—Brent dropped below $66,...Continue Reading

Trump’s Tariffs Trigger Biggest Oil Price Drop Since 2021 | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Apr 04, 2025, 11:15 AM CDT Oil prices plunged this week as a one-two punch of sweeping...Continue Reading

The National Ocean Industries Association is pleased to announce SEACOR Marine and Proceanic are winners of the 2025 NOIA Safety in Seas Award Competition. SEACOR Marine is the Culture of Safety winner while Proceanic won the Safety Practice award. SourceContinue Reading

Subsea7 has been awarded a sizeable contract by Shell Offshore for the Sparta deepwater development. The project involves the transportation and installation of a floating production system (FPS) off the coast of Louisiana at water depths of up to 1,635 meters.  SourceContinue Reading

U.S. natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel. The benchmark price for U.S. natural gas delivered at Henry Hub...Continue Reading

Russian Court Rules CPC Oil Export Capacity Should Stay Open | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 04, 2025, 9:30 AM CDT A district court in Russia has ruled that the moorings of the main export terminal for Kazakhstan’s oil should all remain...Continue Reading

Spain imported 59% higher volumes of crude oil from Venezuela in January and February compared to the same period of 2024, Spanish statistics data showed, as the Trump Administration’s deadline for the new sanctions on Venezuela approaches. Spain’s crude oil imports from Venezuela jumped to 449,000 tons in January and February 2025, up from 283,000...Continue Reading

The Spectre of Trade Wars Bursts the Copper Bubble | OilPrice.com Premium Content By Editorial Dept – Apr 04, 2025, 8:30 AM CDT Numbers Report – April 04, 2025 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the...Continue Reading