Category: Crude oil

Oil edges down but underpinned by US cold weather

The price of oil eased toward $102 a barrel Monday, taking a pause in a six-week rally that has been supported by U.S. demand for heating oil amid prolonged cold weather.  More »

Exxon boosts crude oil portion of reserves

Exxon Mobil Corp. increased the proportion of its reserves made up of oil to the highest in a decade as shale-drilling expertise acquired in the $35 billion XTO Energy deal was mobilized to find crude.  More »

Crude oil remains above $102

Oil is up 2 percent for the week.  More »

Crude oil steady as US cold underpins demand

The price of oil was little changed Friday, underpinned by demand stemming from arctic weather in the U.S.  More »

A highly positive initial reaction to Google Glass from the oil & gas industry…and some skepticism too

I shouldn’t have been surprised then that, despite the highly positive response I received towards my efforts, there were some skeptical comments, most revolving around the possibility of even taking Glass out into the field. Today still, cell phones for instance aren’t allowed in certain field areas: there would be catastrophic HSE consequences if a signal accidentally triggered a piece of equipment like a wireline gun.  More »

Oil below $103 as Chinese factory activity drops

U.S. retail gasoline prices continued their seasonal climb.  More »

Oil over $103 on winter demand, supply concerns

Natural gas for March delivery advanced 59.8 cents to $6.149 per million British thermal units.  More »

Drilling rig market finally improving in U.S., Nabors CEO says

Growing demand for walking rigs may finally improve the market for land drilling contractors in the U.S., the chief executive of Nabors Industries said Wednesday.  More »

Among “pharmacists”, engineers and ex-gangmembers, the oilfield is a great equalizer

In hindsight, some of the best parts about working in the field were the stories I accumulated. In my mind, one of the funniest stories actually happened on my very last job (well, so far in my career anyways) on a rig.  More »

Oil nears $103 on winter demand, supply concerns

The price of oil extended gains to near $103 a barrel Wednesday, driven by severe winter weather in the U.S. and supply concerns.  More »

Anadarko deal boosts investor confidence in face of large liabilities

Anadarko Petroleum’s deal to sell its stake in a Chinese offshore oil field should ease investors’ fears about environmental liabilities that could reach billions of dollars, analysts said Tuesday.  More »

U.S. cold, Chinese growth help lift oil above $102

The price of oil stayed above $100 a barrel Tuesday on expectations cold weather in the U.S. and steady Chinese growth will underpin demand.  More »