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The American oil field services company Baker Hughes, which publishes data on operating rigs in the world since 1944, reported that in August the total number of operating oil and gas drilling rigs increased to 2 thousand 278, the highest level since March 2015. This is 162 installations more than in August last year. The growth rate is noted for the fourth consecutive month. The share of North America in the world number of installations has grown to 55.8% from 55% a year earlier. In Africa, the number of drilling operations increased by 6 units compared to the previous month, in Europe - by 5, in Latin America - by 2. The number of drilling rigs in the Middle East was 2 units. The Asia-Pacific region has reduced the number of installations by 4 units.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
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