USA Loans Oil to Exxon Again and More  | Rigzone

USA Loans Oil to Exxon Again and More  | Rigzone
Written by Publishing Team

Here are some of the top Rigzone news over the past week, just in case you missed…

The United States lends oil to Exxon again

Bloomberg reports that ExxonMobil has secured another oil loan from US Strategic Reserves as part of President Joe Biden’s efforts to ease the pain at the gasoline pump.

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Is it possible to return a high price of oil and gas?

Rigzone’s Regular Energy Forecast looked at oil and gas prices, pandemic impacts, cold fronts and more in its latest preview of what to watch in the oil and gas markets.

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Saudi forces receive a distress call from an oil tanker

Bloomberg reported that a Saudi-led military coalition said unidentified assailants harassed an oil tanker off the Yemeni coast.

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North America drops 43 drilling rigs in a week

North America’s rig count is down 43 rigs week on week, according to Baker Hughes’ rotary rig count published December 31, 2021. The total rig count in the region is now 676, Baker Hughes explained.

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Shell takes off with the Amazon Warrior sailing away from South Africa

Shell has terminated the contract for the Amazon Warrior survey vessel, confirming a court victory for local activists over the seismic plans of the major oil company along the onshore coast of South Africa.

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Exxon makes two new discoveries off the coast of Guyana

ExxonMobil has announced that it has made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block off the coast of Guyana. The company indicated that these discoveries will add to the previously announced recoverable resource estimates for the block of 10 billion oil-equivalent barrels.

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