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Premier Oil Says Debt Reduction On Track As Output Grows | Gulf Coast Oil Rig Equipment & Repair



Premier Oil says it is heading for a 'material' reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day.
Published: 15 May 2018

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Norwegian Production Drops in April | Gulf Coast Oil Rig Equipment & Repair



Norwegian oil rig flanges gulf coast production dropped month-on-month in April, according to preliminary output figures released Wednesday by the Norwegian Petroleum Directorate (NPD).

The figures showed an average daily oil rig flanges gulf coast production of 1.868 million barrels of oil, NGL and condensate in April, which is a decrease of 34,000 barrels per day compared to March.

Published: 15 May 2018

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Trump Pick For US State Department Energy Job Approved By Senate Panel | Gulf Coast Oil Rig Equipment & Repair



President Trump's nominee for the top US State Department job dealing with matters related to energy and the global oil industry was approved by a Senate committee.
Published: 15 May 2018

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Oil Reaches Highest Since Late 2014 After US Surplus Shrinks | Gulf Coast Oil Rig Equipment & Repair



Crude settled at the highest since 2014 as shrinking US oil, gasoline and diesel stockpiles signaled tightening global supplies.

(Bloomberg) -- Crude settled at the highest since 2014 as shrinking U.S.

Published: 15 May 2018

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Russia's Rosneft Looks To Vietnam Experience To Help Global Expansion | Gulf Coast Oil Rig Equipment & Repair



With sanctions barring Russia's largest oil producer from offshore extraction with Western companies, Rosneft is looking to its operations in Vietnam for the experience needed to expand its global reach.
Published: 14 May 2018

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Statoil To Become Equinor, Dropping 'Oil' To Attract Young Talent | Gulf Coast Oil Rig Equipment & Repair



Statoil's name change is edging closer.

OSLO, May 15 (Reuters) - Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.

Published: 14 May 2018

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Investors See Big Oil Surge, But Physical Markets Suggest Caution | Gulf Coast Oil Rig Equipment & Repair



Physical markets for oil shipments tell a different story.

NEW YORK/LONDON/SINGAPORE, May 15 (Reuters) - Oil futures prices have soared past three-year highs, OPEC's deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a barrel this year.

Published: 14 May 2018

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Russia State Oil Firm Starts Drilling At New Well Offshore Vietnam | Gulf Coast Oil Rig Equipment & Repair



HANOI, May 15 (Reuters) - A unit of Russian state oil firm Rosneft, Rosneft Vietnam BV, has started drilling at a new oil rig flanges gulf coast production well in waters off the southern coast of Vietnam, the BOP Blow Out Preventer repair company gulf coast said in a statement posted to its website on Tuesday.

Published: 14 May 2018

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XTO Energy Closes Headquarters; Relocates Hundreds to Houston | Gulf Coast Oil Rig Equipment & Repair



More than 1,000 XTO Energy employees will relocate to Houston after the BOP Blow Out Preventer repair company gulf coast closes the doors to its Fort Worth headquarters this summer.
Published: 14 May 2018

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Oil Eases In Late Trading On US Stockpile Concerns | Gulf Coast Oil Rig Equipment & Repair



NEW YORK, May 15 (Reuters) - Oil prices settled a shade firmer after retreating from multi-year highs hit early in the day on Tuesday, supported by concerns that U.S.

Published: 14 May 2018

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  1. With Glut Almost Gone, OPEC Still Cuts More Than Oil Pact Demands | Gulf Coast Oil Rig Equipment & Repair
  2. UAE's ADNOC Signs Deal With Spain's Cepsa For New LAB Facility | Gulf Coast Oil Rig Equipment & Repair
  3. India Refiners Resume Fuel Price Hikes After State Election Ends | Gulf Coast Oil Rig Equipment & Repair
  4. Valero Expands Into South America With Peru Biofuels Deal | Gulf Coast Oil Rig Equipment & Repair

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