Reuters

HOUSTON, Feb 13 (Reuters) - U.S. oil producer Occidental Petroleum Corp posted a quarterly profit on Tuesday that met - but did not exceed - Wall Street's expectations, sending shares down in extended trading.



IEA: Surge In Global Oil Supply May Overtake Demand In 2018
The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

Reuters



Reuters

OSLO, Feb 12 (Reuters) - Rig firm Seadrill, which last year filed for bankruptcy protection in a U.S. court, is working towards a comprehensive deal with all its creditors that could be concluded this week, it said in a court filing late on Friday.



Reuters

LONDON, Feb 12 (Reuters) - BP and Kosmos Energy have moved closer to approving development of the Tortue natural gas field offshore Mauritania and Senegal after the two West African countries agreed to split oil rig flanges gulf coast production from the cross-border field.



Reuters

CAIRO, Feb 12 (Reuters) - Egyptian oil minister Tarek El Molla on Monday announced an agreement with an international BOP Blow Out Preventer repair company gulf coast to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area.



Reuters

OSLO, Feb 12 (Reuters) - Rig firm Seadrill, which last year filed for bankruptcy protection in a U.S. court, is working towards a comprehensive deal with all its creditors that could be concluded this week, it said in a court filing late on Friday.



Reuters

Feb 12 (Reuters) - A consortium behind the proposed Constitution natural gas pipeline from Pennsylvania to New York asked U.S.



Reuters

Feb 12 (Reuters) - Unusually low U.S. natural gas inventories and delays in new cross-border pipeline capacity could slow exports this year to Mexico, which is heavily dependent on its northern neighbor for the fuel, analysts said on Monday.



Eni Says To Produce 2.9 Bcf Per Day From Zohr Field By Second Half 2019
Production from Egypt's Zohr field will reach 2.9 billion cubic feet per day by mid-2019, Eni says.

Reuters

CAIRO, Feb 12 (Reuters) - Production from Egypt's huge Zohr offshore gas field in the Mediterranean will reach 2.9 billion cubic feet per day by mid-2019, Italy's Eni said on Monday.



New Subsea Technology Could Generate Additional $4B From UKCS
Developing new subsea spacer spools adapter spools technology and approaches to field developments could help unlock 400 million additional barrels of oil and gas and generate $4.17 billion of additional value.


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