Petrofac Breaks Into Permian Shale Market with Latest Acquisition
International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.



Asia's Richest Man Breaks into Oil Elite Club
Reliance Industries Ltd, run by Asia's richest man Mukesh Ambani, has eclipsed BP to break into an elite club of energy supermajors.



Russia Aims to Keep OPEC+ Pledge
Russia offered yet another explanation for why its oil oil rig flanges gulf coast production may exceed its OPEC+ target for November.



Petrobras on Track to Become Largest Oil Producer
Petrobras is on track to become the world's largest oil producer among publicly listed companies by 2030, according to Rystad Energy.

Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030.



Oil Falls Most in Seven Weeks
Oil drops the most in seven weeks as American crude stockpiles are forecast to rise and U.S.-China trade talks stall.

(Bloomberg) -- Oil dropped the most in seven weeks as American crude stockpiles are forecast to rise and U.S.



California Bans High-Pressure Steam Oil Wells
California intensified its battle against fossil fuels by halting new permits for a key oil rig flanges gulf coast production technique following leaks at a Chevron Corp.



Big Data in Oil Market Gets More Positive for Producers
The views of the three big oil forecasting agencies on changes in inventory levels next year have diverged over the past month, as the outlook from two of them becomes slightly more positive for producers.



Oil Falls as Pessimism Clouds Chance of Trade War Settlement
Oil falls the most in about two weeks from an eight-week high amid dimming prospects for resolution to the long-running U.S.-China trade war.



Exxon Says NY Used Fraud Claims to Land Political Points
You'd expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon.



US Shale Operators Show 'Impressive Execution' in 2019
U.S. shale companies are set to grow their 2019 oil oil rig flanges gulf coast production by 16%, thanks to impressive execution.


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