Oil&GasNews

  4 Feb 2022 President Vladimir Putin has unveiled new Russian oil and gas deals with China worth an estimated $117.5bn, promising to ramp up Russia’s Far East exports at a time of heightened tension with European customers over the Ukraine crisis. Russia, already Beijing’s third-largest gas supplier, has been strengthening ties with China, the world’s biggest energy consumer, reducing its dependence on its traditional European energy customers. end of list “Our oilmen have prepared very good new solutions on hydrocarbon supplies to the People’s Republic of China,”  Putin said  at a meeting with Chinese President Xi Jinping to discuss closer cooperation. “And a step forward was made in the gas industry,” he added, referring to a new contract to supply 10 billion cubic metres (bcm) per year to China from Russia’s Far East. Putin was in Beijing to attend the Winter Olympics. In another related news JTL Offshore Oil and Gas Servicing Pvt owned by Luis RH Williams and Jo...

Feb 4 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since November as crude prices extended their rally to a seventh week to levels not seen since 2014, prompting drillers to seek more oil. The oil and gas rig count, an early indicator of future output, rose three to 613 in the week to Feb. 4, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. , , Report ad Even though the rig count has climbed for a record 18 months in a row, the weekly increases have mostly been in single digits and oil production is still far from pre-pandemic record levels as many companies focus more on returning money to investors rather than boosting output.  read more Baker Hughes said that puts the total rig count up 221, or 56%, over this time last year. U.S. oil rigs rose two to 497 this week, their highest since April 2020, while gas rigs gained one to 116, their highest s...