Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. The aggregate incremental backlog associated with these fixtures is approximately $656 million. SourceContinue Reading

Through the transaction, H&P will increase its Middle East rig count from 12 to 88 rigs, 71 of which are in Saudi Arabia, Oman and Kuwait. Based on award activity to date, the pro forma company would be one of the larger rig providers in the Middle East. SourceContinue Reading

Two production trains are increasing production already. They will be followed by the third train as early as the end of next week. Full production is expected in August, people said, asking not to be identified because the information was not made public. SourceContinue Reading

Earlier this week, Texas Railroad Commissioner Jim Wright testified before the U.S. House Committee on Natural Resources, where he spoke in favor of bipartisan legislation to provide states with more flexibility to utilize the orphan well plugging funds provided to states under the Infrastructure, Investment, and Jobs Act. SourceContinue Reading

What Would the Re-Election of Trump Mean for U.S. Energy? | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jul 25, 2024, 4:00 PM CDT Trump’s energy policies...Continue Reading

China’s Rare Earths Strategy, Explained | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Jul 25, 2024, 3:00 PM CDT China has discovered two new rare earth...Continue Reading

Tajikistan’s Debt Crisis Risk Tied to Rogun Dam, World Bank Cautions | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jul 25, 2024, 2:00 PM CDT While Tajikistan’s economy...Continue Reading

Valero Energy Sees Q2 Net Income Cut in Half | 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 – Jul 25, 2024, 1:30 PM CDT Valero Energy Corporation (NYSE: VLO) announced its financial...Continue Reading

China Begins Work on Massive Afghan Copper Mine | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jul 25, 2024, 1:00 PM CDT After a 16-year delay...Continue Reading

Grid-Enhancing Technologies: The Answer to Growing Power Needs? | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 25, 2024, 12:00 PM CDT Grid-enhancing technologies (GETs) can increase the capacity, efficiency, reliability, and safety of existing transmission lines. GETs can reduce congestion costs,...Continue Reading