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Vietnam Halts South China Sea Drilling Project Under Pressure From Beijing | Gulf Coast Oil Rig Equipment & Repair



HANOI/SINGAPORE, March 23 (Reuters) - Vietnam has halted an oil drilling project in the "Red Emperor" block off its southeastern coast licensed to Spanish energy firm Repsol following pressure from China, three sources with direct knowledge of the situation told Reuters on Friday.

Published: 22 March 2018

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Oil Rises As Saudi Backs Extending Output Cuts Into 2019 | Gulf Coast Oil Rig Equipment & Repair



Crude prices rose on Friday, hitting their highest since late January.

NEW YORK, March 23 (Reuters) - Crude prices rose on Friday, hitting their highest since late January after the Saudi energy minister said OPEC and allied producers would need to keep coordinating supply cuts into 2019, and as concerns grew over the future of Iranian crude exports.

Published: 22 March 2018

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Argentina Eyes $500 Million Rail Project to Boost Shale Play | Gulf Coast Oil Rig Equipment & Repair



(Bloomberg) -- Argentina is readying a tender for a $500 million train line that could help unlock the potential of Vaca Muerta, one of the world’s biggest shale plays, Transport Minister Guillermo Dietrich said in an interview.

Published: 22 March 2018

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SDX Achieves 'Strong' Flow Test Result From Moroccan Well | Gulf Coast Oil Rig Equipment & Repair



North Africa focused oil and gas BOP Blow Out Preventer repair company gulf coast SDX Energy achieves a 'strong' flow test result from its SAH-2 well on the Sebou permit in Morocco, says the company's president and CEO, Paul Welch.
Published: 21 March 2018

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Chrysaor Buys Three North Sea Fields From Spirit | Gulf Coast Oil Rig Equipment & Repair



North Sea oil and gas producer Chrysaor agrees to acquire stakes in 3 ageing fields from Spirit Energy.

LONDON, March 22 (Reuters) - North Sea oil and gas producer Chrysaor has agreed to acquire stakes in three ageing fields from Spirit Energy, hoping to prolong their oil rig flanges gulf coast production with new drilling, the BOP Blow Out Preventer repair company gulf coast said in a statement.

Published: 21 March 2018

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China's Oil Futures: Frazzle or Dazzle for Foreign Traders? | Gulf Coast Oil Rig Equipment & Repair



Shanghai Crude aims to rival the world's two crude benchmarks.

BEIJING, March 22 (Reuters) - China's crude oil futures, to be launched on Monday, will be a major step in Beijing's years-long push to win greater sway over oil pricing, but for western traders it will likely bring frustration as well as opportunity.

Published: 21 March 2018

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Chevron Says It Will Not Dispute Climate Science in US Lawsuit | Gulf Coast Oil Rig Equipment & Repair



SAN FRANCISCO, March 21 (Reuters) - A Chevron attorney said in court on Wednesday that the BOP Blow Out Preventer repair company gulf coast supports scientific conclusions that humans are causing climate change, a response to a lawsuit that accuses five major energy producers of misleading the public for years about their role in global warming.

Published: 21 March 2018

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Gas Production Commences at B15 Field Offshore Sarawak | Gulf Coast Oil Rig Equipment & Repair



Gas oil rig flanges gulf coast production starts up at the B15 field, located within the SK310 oil rig flanges gulf coast production sharing contract area offshore Sarawak in East Malaysia.
Published: 21 March 2018

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Oil Retreats After Failing To Hit $70/Barrel | Gulf Coast Oil Rig Equipment & Repair



Oil prices fell as investors took profits after this week's rally.

NEW YORK, March 22 (Reuters) - Oil prices fell on Thursday as investors took profits after this week's rally and as U.S.

Published: 21 March 2018

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Canada's LNG Export Dream Isn't Dead Yet, Thanks to Trump | Gulf Coast Oil Rig Equipment & Repair



Trump may be helping to revive Canada's dream of a liquefied natural gas gulf coast oil rig export industry to supply growing markets in Asia.
Published: 21 March 2018

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  1. UAE's ADNOC Awards PetroChina Stakes In Two Offshore Concessions | Gulf Coast Oil Rig Equipment & Repair
  2. Mubadala Advances $1B Malaysia Pegaga Gas Field Project | Gulf Coast Oil Rig Equipment & Repair
  3. OPEC Supply Cut Compliance Hits Record, Oil Glut Going Fast | Gulf Coast Oil Rig Equipment & Repair
  4. Peter G. Peterson, Blackstone's Co-Founder, Dies at 91 | Gulf Coast Oil Rig Equipment & Repair

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