BHI: US rig count up double-digits in third straight week

Rig deployment in the US continued to pick up steam during the week ended Feb. 3 as Baker Hughes Inc.’s tally of active units recorded its third consecutive weekly double-digit increase. Source: News


Senate approves CRA resolution to nullify SEC’s foreign payments rule

The US Senate passed a Congressional Review Act resolution to revoke a Securities and Exchange requirement for US oil and gas and other extractive industries to disclose payments to foreign governments by 52 to 47 votes. The Feb. 3 action along party lines sent H.J. Res. 41 to the White House for President Donald J. […]


GeoPark makes two oil discoveries on Colombia’s Llanos 34 block

Two wells—Chiricoca 1 and Tigana Sur 6—have discovered oil on Colombia’s Llanos 34 block, according to GeoPark Ltd. The Chricoca 1 was drilled to a total depth of 11,966 ft, testing the Mirador and Guadalupe formations. Source: News


MARKET WATCH: NYMEX crude prices drop modestly awaiting US rig count

Light, sweet crude oil prices fell modestly on the New York market Feb. 2. Rhetoric about US-Iran tensions appears to be outweighed by high US oil inventories and rising US production. Baker Hughes Inc. was scheduled to release its weekly rig count Feb. 3. Source: News