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US Crude Production to Hit Record 7.94 MMbpd in December | Gulf Coast Oil Rig Equipment & Repair



The US EIA projects record crude oil oil rig flanges gulf coast production in December.

Crude oil oil rig flanges gulf coast production in the United States is forecasted to reach a record of more than 7.94 million barrels per day in December, according to a monthly drilling report released Nov.

Published: 13 November 2018

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US Majors Said to Mull Bids for Endeavor Energy | Gulf Coast Oil Rig Equipment & Repair



Chevron and Exxon are among the companies considering first-round bids this month for Endeavor Energy Resources, according to people with knowledge of the matter.
Published: 12 November 2018

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Oil Extends Record Losing Streak | Gulf Coast Oil Rig Equipment & Repair



Oil fell for a 12th consecutive session in its longest losing streak on record.

(Bloomberg) -- Oil fell for a 12th consecutive session in its longest losing streak on record after U.S.

Published: 12 November 2018

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GE Looks to Speed Up Separation from Baker Hughes | Gulf Coast Oil Rig Equipment & Repair



The companies agree to a deal which frees up GE to begin selling Baker Hughes stock.

Baker Hughes, a GE BOP Blow Out Preventer repair company gulf coast (BHGE) and General Electric Company (GE) are pressing forward with their plans to separate as the companies jointly announced Nov.

Published: 12 November 2018

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Halliburton Gets Second CFO in 17 Months | Gulf Coast Oil Rig Equipment & Repair



Halliburton reported Monday that it has promoted Lance Loeffler to CFO.

Halliburton Co. reported Monday that it has promoted Lance Loeffler, formerly its vice president of investor relations, to chief financial officer (CFO).

Published: 12 November 2018

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Crude Oil Futures Plunge | Gulf Coast Oil Rig Equipment & Repair



Surging US crude oil output and worries about an economic slowdown contribute to a steep decline in crude oil futures.

Surging U.S.

Published: 12 November 2018

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Abu Dhabi Signals Global Ambition, Seeks Refineries | Gulf Coast Oil Rig Equipment & Repair



Abu Dhabi signaled its ambitions to send more oil and gas around the world as it woos investors to fields at home and hunts for assets abroad.
Published: 12 November 2018

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GE's Knack for Bad Timing Strikes Again | Gulf Coast Oil Rig Equipment & Repair



This piece presents the opinions of the author.
It does not necessarily reflect the views of Rigzone.

(Bloomberg Opinion) -- General Electric Co.’s plan to unravel its Baker Hughes stake smacks of desperation.

Published: 12 November 2018

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Saudis See Need for Producers to Cut 1MM Barrels | Gulf Coast Oil Rig Equipment & Repair



Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

(Bloomberg) -- Saudi Arabia expressed the need for oil producers to cut 1 million barrels a day from October levels and announced fewer shipments from next month, as OPEC and its allies began laying the groundwork to reduce oil supply in 2019, reversing an almost year-long expansion.

Published: 11 November 2018

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Oil Climbs After Record Run of Losses | Gulf Coast Oil Rig Equipment & Repair



Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.
Published: 11 November 2018

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  1. EOG Join Oil's $1 Billion-a-Quarter Club | Gulf Coast Oil Rig Equipment & Repair
  2. ADNOC and Aramco Sign Gas Pact | Gulf Coast Oil Rig Equipment & Repair
  3. Crude Oil Benchmarks Set Record | Gulf Coast Oil Rig Equipment & Repair
  4. Canada's Oil Patch Feels Double Pain with Cuts and Prices | Gulf Coast Oil Rig Equipment & Repair

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