Oil Prices Mixed for the Week  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, June 28, 2019 Both the WTI and Brent crude oil futures contracts edged downward Friday, but the WTI managed to stay in positive territory for the week. Both the West Texas Intermediate (WTI) and Brent crude oil futures contracts edged downward Friday, but the WTI managed
US Drillers Add Four Rigs  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, June 28, 2019 This week’s addition of oil rigs was offset by a decline in gas rigs. The U.S. added four oil rigs and dropped four gas rigs this week, according to weekly data from Baker Hughes, a GE Company. Offsetting those gains was the loss of
Oil Set for Best Month Since January  | Rigzone
by  Bloomberg | Saket Sundria | Friday, June 28, 2019 The U.S.-Iran standoff and falling American stockpiles have propelled oil toward its biggest monthly gain since January. (Bloomberg) — The U.S.-Iran standoff and falling American stockpiles have propelled oil toward its biggest monthly gain since January but two crucial meetings in the next few days
Decarbonizing US Power Grid Would Cost Up To $4.5T  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Friday, June 28, 2019 The transition to a 100 percent renewable U.S. power grid would need investment of up to $4.5 trillion over the next 10 to 20 years. The transition to a 100 percent renewable U.S. power grid would need investment of up to $4.5 trillion over
Oil Price Benchmarks Show Slight Gains  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Thursday, June 27, 2019 WTI and Brent crude oil futures edged upward Thursday. West Texas Intermediate (WTI) and Brent crude oil futures edged upward Thursday. The WTI for August delivery settled at $59.43 per barrel, reflecting a five-cent gain. It peaked at $59.73 and bottomed out at
OPEC Expected to Extend Cuts for at Least 6 Months  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Thursday, June 27, 2019 OPEC+ is expected to agree to extend production cuts for at least another six months to 2020. OPEC+ will agree to extend production cuts for at least another six months to 2020. That’s what analysts at Fitch Solutions Macro Research believe, according to a
Oil Retreats as Trade War Concern Returns  | Rigzone
by  Bloomberg | Sharon Cho | Thursday, June 27, 2019 Oil retreated from a five-week high as concern over the U.S.-China trade war came back to the fore. (Bloomberg) — Oil retreated from a five-week high as concern over the trade war came back to the fore after President Donald Trump warned he might impose
Ensuring Oil and Gas Critical Infrastructure Security
from Aleksander Gorkowienko, Managing Consultant at Spirent SecurityLabs The oil and gas sector has never been so vulnerable to cyberattack. Every part of the oil and gas value chain is currently exposed, and conventional static defences no longer suffice. Particularly vulnerable are the industrial control systems (ICSs) that underpin every link in the oil and
Oil Prices Surge on Inventory Report  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Wednesday, June 26, 2019 WTI and Brent crude oil futures posted healthy gains Wednesday. West Texas Intermediate (WTI) and Brent crude oil futures posted healthy gains Wednesday on a bullish U.S. oil inventories report. The August WTI contract price added $1.55 Wednesday, settling at $59.38 per barrel.
Offshore's Future Constrained by Cash Problems?  | Rigzone
by  Cyril Widdershoven | Rigzone Contributor | Wednesday, June 26, 2019 Hit by high debt levels and low dayrates for vessels and rigs, companies are struggling to refinance operations. This opinion piece presents the opinions of the author or authors. It does not necessarily reflect the views of Rigzone While the media is often focused