Wednesday, June 24, 2026

Cheap Gulf of Mexico Heavy Crude Bound for Asia Adds to OPEC’s Headaches

From Bloomberg News (Bloomberg) — Add Southern Green Canyon and Mars Blend to the growing list of American crude that’s challenging OPEC’s dominance in the world’s biggest oil market. Cargoes of the two varieties produced in the Gulf of Mexico, which are heavier and more sulfurous than supply from U.S. shale fields, are poised to flow into Asia as they

Will Robots on Oil Rigs Make Roughnecks Expendable?

  From Bloomberg News The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. It could also be a reason he’s not working there today. The Iron Roughneck, made by National Oilwell Varco Inc., automates the repetitive and dangerous task of connecting hundreds of segments of