Rigzone Industry News

Drilling and production services provider Western Energy Services Corp. reported a net loss of $0.94 million (CAD 1.3 million) in the third quarter.

Black Sea Oil & Gas SA has completed the first planned turnaround of the Midia Gas Development project facilities in the Black Sea.

The ED-2X ST1 well is located around 1.9 miles (three kilometers) from the Disouq field in Egypt.

Under the bank's baseline forecast, oil prices are slated to average $90 a barrel in the current quarter.

Oil slumped to the lowest price since the war in the Middle East began as Israel faces growing pressure to limit its bombardments to help hostage negotiations, keeping the conflict limited entering its fourth week.

Senator Joe Manchin has outlined serious concerns with a proposed rule to increase methane regulations on oil and gas facilities.

CenterPoint had $256 million in income for the third quarter.

North America dropped one rig week on week, according to Baker Hughes' latest rotary rig count.

CMS Energy posted $173 million in net income for the third quarter.

The Biden administration is pursuing changes that could make it impossible to harvest crude from new leases in the 23 million-acre site.