Oil Prices

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Oil Prices

Oil prices edge lower just off 10-month high

Sept. 11, 2023
Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had spurred prices upwards last week.
Oil Prices

Latest Offshore Rig Market snapshot paints bleak picture

July 6, 2020
Evercore ISI's latest report describes a still-reeling market.
(Courtesy Baker Hughes)
The rig count in the US Gulf of Mexico has fallen by 50% from Jan. 3, 2020, to June 19, 2020, from 22 to 11 rigs.
Regional Reports

Gulf of Mexico E&P faces challenges in changing marketplace

July 1, 2020
Operators are adjusting their budgets and strategies in response to the 2020 oil price crash.
(Courtesy Wood Mackenzie)
Oil Prices

Upstream spending takes tumble globally

June 25, 2020
The oil price slide reduced the valuation of the global upstream oil and gas industry by $1.6 trillion, according to Wood Mackenzie.
Oil Prices

US government grants 12 royalty cuts for offshore drillers

June 12, 2020
The Trump administration has approved 12 applications for reductions in royalty payments.
Courtesy BOEM
Boem Gom Map
Oil Prices

New report identifies five key changes in Gulf of Mexico E&P

June 8, 2020
A new analysis on Gulf of Mexico E&P activities offered by Wood Mackenzie foresees a difficult year ahead in 2020 but with possible recovery taking place next year.