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UAE's ADNOC Awards PetroChina Stakes In Two Offshore Concessions | Gulf Coast Oil Rig Equipment & Repair



PetroChina will take 10% stakes in 2 of Abu Dhabi National Oil Company's (ADNOC) offshore concessions under a 40-year agreement.

Published: 20 March 2018

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Mubadala Advances $1B Malaysia Pegaga Gas Field Project | Gulf Coast Oil Rig Equipment & Repair



Mubadala Petroleum, Petronas and Royal Dutch Shell will spend more than $1 billion to develop Malaysia's Pegaga gas field.

Published: 20 March 2018

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OPEC Supply Cut Compliance Hits Record, Oil Glut Going Fast | Gulf Coast Oil Rig Equipment & Repair



Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast.

Published: 20 March 2018

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Peter G. Peterson, Blackstone's Co-Founder, Dies at 91 | Gulf Coast Oil Rig Equipment & Repair



Peter G. Peterson, co-founder of the private-equity firm Blackstone Group LP, has died.

(Bloomberg) -- Peter G. Peterson, the Wall Street rainmaker with global connections who emerged from a fight for control of Lehman Bros.

Published: 20 March 2018

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Oil Rallies to Six-Week High After Surprise US Storage Slump | Gulf Coast Oil Rig Equipment & Repair



(Bloomberg) -- Oil climbed to the highest level in six weeks after crude inventories in the world’s biggest economy dropped for the first time in a month, catching traders off guard.

Published: 20 March 2018

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Drillers Give Tepid Response To Record US Offshore Lease Sale | Gulf Coast Oil Rig Equipment & Repair



Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered in the largest lease sale in American history.
Published: 20 March 2018

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CNOOC Starts Production from Weizhou 6-13 in South China Sea | Gulf Coast Oil Rig Equipment & Repair



CNOOC Limited starts up its Weizhou 6-13 oilfield ahead of schedule.

CNOOC Limited announced Tuesday that its Weizhou 6-13 oilfield has commenced oil rig flanges gulf coast production ahead of schedule.

Published: 19 March 2018

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Over 100 Employees Transfer to Statoil From Total After NCS Deal Completes | Gulf Coast Oil Rig Equipment & Repair



Statoil has now acquired Total’s equity stakes in, and taken over the operatorships of, the Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.

Published: 19 March 2018

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Fire Breaks Out At Fuel Oil Storage Tank In Singapore | Gulf Coast Oil Rig Equipment & Repair



SINGAPORE, March 20 (Reuters) - A fire broke out at a fuel oil storage tank at Tankstore's Pulau Busing terminal in Singapore on Tuesday evening, the Singapore Fire Department said.

Published: 19 March 2018

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Ex-Occidental Chief in $2.66B Deal for EnerVest Shale | Gulf Coast Oil Rig Equipment & Repair



Steve Chazen, who transformed Occidental Petroleum Corp. into a heavyweight of the US shale boom, is looking to replicate that success in south Texas with a $2.66 billion deal.
Published: 19 March 2018

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  1. Drillers Snap Up Federal Leases Near Utah's Wilderness Monuments | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Rises To 3-Week High On Mideast Tensions, Venezuela Concerns | Gulf Coast Oil Rig Equipment & Repair
  3. Total Signs 40-Year Offshore Concession Agreements for $1.4B | Gulf Coast Oil Rig Equipment & Repair
  4. Mexico Leftist Says He Would Try To Halt Energy Auctions If President-Elect | Gulf Coast Oil Rig Equipment & Repair

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