http://www.worldoil.com WorldOil Enbridge upgrading pipelines to move more shale gas to the U.S. Northeast https://www.worldoil.com/news/2021/4/9/enbridge-upgrading-pipelines-to-move-more-shale-gas-to-the-us-northeast Enbridge Inc. is moving forward with upgrades to its pipeline network serving the northeastern U.S. to ship more shale gas from the prolific Appalachian Basin as opposition to new conduits mounts in the region. While OPEC ramps up production, U.S. oil output is projected to fall https://www.worldoil.com/news/2021/4/7/while-opec-ramps-up-production-us-oil-output-is-projected-to-fall With the U.S. unlikely to ever reach previous crude production levels, OPEC+ is moving to roll back part of their oil supply cuts in the coming months. U.S. oilfield service companies added 23,000 jobs in March https://www.worldoil.com/news/2021/4/6/us-oilfield-service-companies-added-23-000-jobs-in-march The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Energy Workforce and Technology Council, estimates a peak of 102,000 pandemic-related job losses. Since then, the industry has gained back more than 23,000 jobs. U.S. Interior chief reviewing “fundamentally broken” oil rights system https://www.worldoil.com/news/2021/4/2/us-interior-chief-reviewing-fundamentally-broken-oil-rights-system One day after the U.S. energy secretary phoned Saudi Arabia on the "importance of affordable and reliable energy for consumers," Interior Secretary Deb Haaland called the domestic fossil fuel industry "fundamentally broken," suggesting that Biden's oil and gas leasing moratorium will be anything but temporary. Drilling rig count climbs at fastest rate since the pandemic began https://www.worldoil.com/news/2021/4/1/drilling-rig-count-climbs-at-fastest-rate-since-the-pandemic-began Optimism has also been buoyed by expectations that global crude supplies won’t grow fast enough to satisfy demand as Covid-19 vaccinations proliferate and economies that shut down for the better part of a year begin reopening. U.S. operators working down DUC backlog https://www.worldoil.com/magazine/2021/april-2021/features/us-operators-working-down-duc-backlog Despite a modest reduction in the DUC inventory, there are still 7,086 wells waiting on completion. With the industry in disarray, it has become increasingly likely that many of these horizontal boreholes may never be completed. U.S. shale patch gets back to work as unfinished well inventory falls https://www.worldoil.com/news/2021/3/25/us-shale-patch-gets-back-to-work-as-unfinished-well-inventory-falls The backlog of drilled but uncompleted shale wells called DUCs is rapidly shrinking as oil prices rise, signaling that producers are ready to put drilling crews back to work as the industry rebounds from its pandemic-driven downturn. Tenaris adds 140 staff as Conroe, Texas plant ramps up activity https://www.worldoil.com/news/2021/3/25/tenaris-adds-140-staff-as-conroe-texas-plant-ramps-up-activity Tenaris is scaling up industrial activity at its Conroe, Texas plant, adding about 140 employees onboard to support the facility’s ramp up, which includes a $600,000 investment in IT and automation infrastructure. Shale’s post-crash recovery battles rising costs, loss of suppliers https://www.worldoil.com/news/2021/3/24/shale-s-post-crash-recovery-battles-rising-costs-loss-of-suppliers The oil price needed to profitably drill a new well is $52 a barrel, executives from almost 100 producers said in the latest quarterly survey by the Federal Reserve Bank of Dallas. That’s an increase of 6%, compared with when the question was asked last year. To cover costs on existing wells, companies need $31, which is 3% more than last year. Leading oil and gas CEOs fall in with Biden’s climate change campaign https://www.worldoil.com/news/2021/3/23/leading-oil-and-gas-ceos-fall-in-with-biden-s-climate-change-campaign Chief executives of some of the largest U.S. oil companies promised to collaborate with the Biden administration in its campaign against climate change during a meeting Monday with White House National Climate Adviser Gina McCarthy.