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Oil Falls On Shock US Stock Builds, OPEC Supply Worries | Gulf Coast Oil Rig Equipment & Repair



NEW YORK, May 23 (Reuters) - Oil benchmarks fell on Wednesday after an unexpected build in U.S. crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to cover any shortfalls in supply from Iran and Venezuela.

Published: 22 May 2018

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ExxonMobil to Slash Gas Flaring 25% by 2020 in Emissions Push | Gulf Coast Oil Rig Equipment & Repair



ExxonMobil plans to reduce the amount of natural gas it burns as waste by a quarter within two years.

(Bloomberg) -- Exxon Mobil Corp.

Published: 22 May 2018

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Australia's Santos Rejects Harbour Energy's Final $10.8B Takeover Offer | Gulf Coast Oil Rig Equipment & Repair



Australia's Santos terminates discussions with Harbour Energy.

May 22 (Reuters) - Australia's Santos said on Tuesday it terminated discussions with Harbour Energy and rejected the U.S.

Published: 21 May 2018

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Egypt Sets Deadlines For Oil And Gas Exploration Bids | Gulf Coast Oil Rig Equipment & Repair



CAIRO, May 22 (Reuters) - Egypt has set October 1 and October 8 deadlines for two major international tenders for oil and gas exploration spanning 27 onshore and offshore blocks, the oil ministry said on Tuesday.

Published: 21 May 2018

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Cuadrilla Seeks Consent to Frack UK's First Horizontal Shale Gas Well | Gulf Coast Oil Rig Equipment & Repair



Cuadrilla Resources has submitted an application to the Secretary of State for the Department for Business, Energy and Industrial Strategy for the consent to hydraulically fracture the UK’s first ever horizontal shale gas well.

Published: 21 May 2018

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Over $40MM Of Fuel Stolen From Shell Refinery, Singapore Court Docs Show | Gulf Coast Oil Rig Equipment & Repair



SINGAPORE, May 22 (Reuters) - Singapore authorities have levied new charges against a group of fuel thieves operating at Royal Dutch Shell's oil refinery in the city-state, raising the value of the stolen fuel to over $40 million from around $10 million in earlier charges, according to court documents reviewed by Reuters on Tuesday.

Published: 21 May 2018

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BP To Cut 3% Of Upstream Jobs By Year-End | Gulf Coast Oil Rig Equipment & Repair



BP says it plans to cut 3% of jobs in exploration and production.

May 22 (Reuters) - British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive.

Published: 21 May 2018

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Oil Holds Near 3-Year High Amid Venezuela Sanction Concerns | Gulf Coast Oil Rig Equipment & Repair



Oil settled slightly lower after trading near the highest price in almost 3 1/2 years.

(Bloomberg) -- Oil settled slightly lower after trading near the highest price in almost 3 1/2 years as new sanctions on Venezuela and shrinking U.S.

Published: 21 May 2018

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Cheniere Moves Ahead With Corpus Christi LNG Expansion | Gulf Coast Oil Rig Equipment & Repair



Cheniere says it has approved the construction of a third liquefaction unit.

May 22 (Reuters) - Cheniere Energy Inc said on Tuesday it had approved the construction of a third liquefaction unit, known as a train, at its Corpus Christi gulf coast oil rig export terminal in Texas, the first new liquefied natural gas project to go ahead in the United States since 2015.

Published: 21 May 2018

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Unemployed Threaten Libya Oilfields Feeding Es Sider; Production Normal | Gulf Coast Oil Rig Equipment & Repair



BENGHAZI, Libya, May 20 (Reuters) - A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday.

Published: 20 May 2018

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  1. Simmons Edeco Wins Multi-Million Dollar Deal with 'Major' N.Sea Operator | Gulf Coast Oil Rig Equipment & Repair
  2. Polyester, Nylon Clothes May Be Caught in UK Curbs on Plastics | Gulf Coast Oil Rig Equipment & Repair
  3. Gas Guzzlers Set to Fade as China Sparks Surge for Electric Cars | Gulf Coast Oil Rig Equipment & Repair
  4. Oil Rallies to Multi-Year Highs on Venezuela Worries | Gulf Coast Oil Rig Equipment & Repair

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