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Analyst Reports

Think Big Oil makes its cash pumping crude? Not anymore.

Trading saved European Big Oil from the full impact of this year’s oil crisis. It’s not the first time that massive profits from in-house trading desks ameliorated poor operating results from the core business of finding and producing hydrocarbons - and it won’t be the last.

World

Number of active U.S. drilling rigs unchanged this week

HOUSTON, July 31 (Xinhua) -- The number of active drilling rigs in the United States was unchanged at 251 this week, down by 691 year on year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes.

Energy

Apache, Total make third oil discovery offshore Suriname

BENGALURU: Oil producer Apache Corp and its joint venture partner Total SA said they made their third oil discovery offshore Suriname.