Trump's push to increase oil production faces significant opposition from both U.S. shale gas producers and Saudi Arabia. Despite his promises to reduce energy costs by boosting domestic oil drilling, industry leaders argue that current oil prices are already low enough and expanding production would not be economically viable. Shale gas companies, still recovering from the price crashes during the COVID-19 pandemic, emphasize the importance of maintaining stable oil prices to avoid further financial distress. The administration is now turning to global oil producers, particularly Saudi Arabia, hoping to convince them to lower prices. However, Saudi Arabia, remembering the painful experience of the 2020 oil price crash, remains reluctant to increase production. Trump's strategy revolves around using lower oil prices to combat inflation and stimulate the economy while potentially gaining leverage over countries like Russia and Iran.

Learn more about Trump's economic strategy and global oil dynamics.

Has anyone seen any in depth analysis on the recent Ukrainian drone strikes on Russian oil facilities?

I want to see actually how much of their oil refining and processing capacity they have knocked offline

I've made a well schematic drawing tool. wellschematic.com
Feel free to try it. No login required. Feedback most welcome.

Hey guys, if you missed it, Weatherford recently announced two contracts in the Middle East, with Kuwait Oil Company and a National Oil Company in Qatar. The goal is to reinforce its position as a trusted partner in the Middle East. Hopefully, this will help them leave behind some financial issues they had in the past. 

As you might remember, a few years ago, it was revealed that between 2007 and 2012, Weatherford made fake financial statements that gave them $900M+ in profits. After this news, the investors obviously sued them for this and the losses it caused. 

Last year, Weatherford finally decided to settle and pay them $140M for their losses. And the good news is that even though the deadline has passed, they’re still accepting late claims. So, if someone's late, you can check the details and file for it or through the settlement admin.

Now, we have to wait a few days to see its latest results and 2025 projections. We’ll see how that goes.

Anyways, has anyone here been affected by these financial issues? How much were your losses if so? 

I am a student pursuing a Petroleum Engineering major in Lafayette, Louisiana. I am not from this area and therefore unfamiliar with companies in this region and sector. I am looking for internships, but do not know all of the options and companies which I can apply to. I only know of the Exxons, Chevrons, Halliburtons, etc. A few new companies that I have learned about while here have been Cactus, Moncla, Drill Strings, and Expro. I am hoping that y’all can help me out, by listing some other companies in this sector, which I can apply to and learn more about. I love this industry, but I am new to this sector/region. Thank you so much!

Hello,

For the oil field engineers out thers, i'm currently preparing the budget evaluation for a project in the oil and gas and I was wondering how much 920 m3 slug catcher would cost

I have been entertaining the idea of investing in oil and gas for several years but have started to get more serious about it over the last few months. I have little to no idea how any of this works so please educate me.

What is the difference between investing in oil and gas through a mutual fund and going to other states and asking landowners to lease to me? (Hopefully that’s rhetorical correct verbiage?)

I’m not looking for a get rich quick scheme because let’s be realistic. However, the idea of some passive income even if it starts out as just a few hundred a month would be very beneficial. Not to mention the tax benefits.

Would/could my financial advisor/stockbroker do this for me? I live in East TN so no oil fields around here.

What’s the difference in investing in oil and gas and “investing in an oil field” as I heard someone say awhile back? Sounds like investing in an oil field is much more expensive and to start with, I would start low and work my way up depending on profits obviously.

Just looking to better plan for my future. Thanks for all the info in advance. ☺️