Latest News for: Chief driller

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Oil holds gains after topping US$50 on Saudi pledge to cut output

Straits Times 06 Jan 2021
Futures in New York edged lower after jumping 4.9 per cent on Tuesday and briefly topping US$50 a barrel for the first time since February ... It's an especially sweet gift for US shale drillers, said Helima Croft, chief commodities strategist at RBC Capital Markets analyst. Shale stocks subsequently surged. More on this topic. � ....
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Oil holds gains after topping $50 on Saudi pledge to cut output

Live Mint 06 Jan 2021
Oil held gains in early Asian trading after surging to a 10-month high on a surprise Saudi Arabian pledge to cut an extra 1 million barrels a day of crude output in February ... Other producers will hold supply steady or make small increases, delegates said ... shale drillers, said Helima Croft, chief commodities strategist at RBC Capital Markets analyst ... .
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'Enough Is Enough': Canada's Montney Producers Swap Oil And Gas Assets For Cash

Yahoo Daily News 13 Sep 2020
WINNIPEG, Manitoba ... Lockdowns and sharp contractions in economic activity have hammered global oil demand in 2020, pushing prices so low that producers worldwide have made record output and spending cuts ... U.S ... Advantage Oil and Gas, one of the Montney’s earliest gas drillers, would be open to combining with others, Chief Executive Andy Mah said ... .
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Trump Rolls Back Methane Rule as Bankrupt Permian Drillers Ignore Venting Flares

truthout 14 Aug 2020
After dipping below negative for the first time in April, oil prices have rebounded to around $40 a barrel — still below what most drillers need to break even ... Even if a driller manages to fix a malfunctioning flare, she says, it doesn’t always stay fixed ... Now, under federal law, broke and bankrupt drillers won’t even have to.
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Borr Drilling appoints new CEO

Splash24/7 10 Aug 2020
Offshore driller Borr Drilling has announced the appointment of Patrick Schorn as its new chief executive officer, effective September 8 ... “We are pleased to announce Patrick as the new chief executive ...
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Oil Gains for Fifth Day on Declining Stockpiles, Rising Equities

Canada Dot Com 06 Aug 2020
(Bloomberg) — Oil rose for a fifth day, lifted by stronger equity markets and a decline in U.S ... U.S ... U.S ... Still, U.S ... U.S ... Meanwhile, American shale drillers have signaled the end of output growth, with Diamondback Energy Inc.’s chief executive officer saying there are currently no market signals that such growth is needed. U.S ...  .
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Brent oil tops $45 on sliding US stockpiles, technical breaks

Live Mint 05 Aug 2020
Oil climbed to a five-month high in London, topping $45 a barrel after U.S. industry data showed a decline in the nation’s stockpiles ... European equities and U.S ... American shale drillers have signaled the end of output growth, with Diamondback Energy Inc.’s chief executive officer saying there are currently no market signals that such growth is needed.
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Maersk Drilling chief financial officer to step down

Offshore Energy Today 04 Aug 2020
The chief financial officer (CFO) of Danish offshore driller Maersk Drilling has announced he would leave the company. The post Maersk Drilling chief financial officer to step down appeared first on.. ... .
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Down to handful of active rigs, Canada's oil and gas drillers face permanent contraction

Canada Dot Com 06 Jul 2020
The fleet looks likely to shrink 25% in the next year from the current 500, as companies decide against costly recertifications of equipment, said Kevin Neveu, chief executive of Precision Drilling Corp, one of Canada’s biggest drillers ... still actively hiring drillers.
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Newmont publishes sustainability report

Elko Daily Free Press 01 Jun 2020
6 are, from left, Will Newman, chief engineer; JohnJJ” Stefanic, general foreman; and Daniel Dorohov, driller ... 6 while, mine manager Sam Marich, left, discusses operations with driller Daniel Dorohov ... 6 are, from left, Will Newman, chief engineer; John “JJ” Stefanic, general foreman; and Daniel Dorohov, driller.
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Why bond investors are willing to bet on money-losing Pemex after oil price crash

Canada Dot Com 22 May 2020
Mexico’s huge money-losing driller is run by Chief Executive Octavio Romero, who sticks to the government’s position ... “Pemex would likely be the primary beneficiary of any fiscal relief effort (from the government),” said Gustavo Rangel, chief economist for Latin America at ING.
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Tulsa Woos Tesla With Musk Statue

Oil Price 21 May 2020
... of its landmarks, the Golden Driller statue, to make it look like Tesla’s chief executive, Elon Musk.
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Argentina mulls a $45 criollo oil barrel to help Vaca Muerta development

Petroleum World 07 May 2020
But the government and drillers see it as vital in an unprecedented crisis. “This is an opportunity moment,” said David Tawil, interim chief executive officer of Centaurus Energy Inc ... For long-term planning, global drillers typically prefer market prices, however low, to the vagaries of government intervention.
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Shale Drillers Risk Relapse Into Rampant Oil Output at $30 Crude

Canada Dot Com 06 May 2020
hinted that $24 or $25 may be enough to prompt the driller to reverse at least some of its 40% output cut, though Chief Executive Officer Sean Smith declined to provide a specific trigger price ... It’s not just so-called independent drillers that are prepared to discard production restraints when prices strengthen.
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Oil falls on fears of lasting global glut and rising US-China trade tensions

Business Day 04 May 2020
“As optimism fades around global growth prospects, oil is giving up [last week’s] gains, aided by a strengthening US dollar,” said Michael McCarthy, chief market strategist at CMC Markets ... said Stephen Innes, chief global market strategist at financial services firm AxiCorp.
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