US Lends Oil to Exxon Again and Again | Rigzone

Here are some of the best Rigzone stories from the past week, just in case you missed them …

US lends oil to Exxon again

Bloomberg reported that Exxon Mobil Corp. got another oil loan from U.S. Strategic Reserves as part of President Joe Biden’s efforts to ease pain at the gas pump.

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Is a significant increase in the price of oil and gas imminent?

Rigzone’s regular energy prognosticators have looked at oil and gas prices, pandemic effects, cold fronts and more in the latest overview of what to watch out for in the oil and gas markets.

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Saudi forces receive distress call from tanker

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

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North America abandons 43 rigs week after week

North America has abandoned 43 rigs week after week, according to Baker Hughes’ rotary rig count released on December 31, 2021. The region’s total rig count now stands at 676 rigs. forms, Baker Hughes pointed out.

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Shell withdraws as Amazon Warrior leaves South Africa

Shell terminated the contract for the Amazon Warrior study vessel, underlining the legal victory of local activists over Major Oil’s seismic plans along South Africa’s rugged coast.

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Exxon makes 2 new discoveries off French Guiana

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

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