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Canada’s Oil, Gas Drillers Face Permanent Contraction
Just 18 rigs were active last week in the world’s fourth-largest oil-producing country, a fraction of even the depressed levels of a year ago, according to Baker Hughes data.
Hart Energy Unconventional Activity Tracker (Week of July 6, 2020)
U.S. rig count down from previous week while crude futures jump 200% over the past 10 weeks.
Brazil’s Petrobras Hires New Satellite Service to Hasten Data Transmission
Brazilian state-run oil company Petrobras has hired a new satellite service capable of reducing data transmission timing by 75% between the company’s platforms and command centers, it said in a securities filing on July 3.