Offshore Australia Project Marks Step-Change
Subsea 7 and Schlumberger's OneSubsea will deliver a new subsea flowline to an existing natural gas pipeline. PHOTO SOURCE: Subsea Integration Alliance



Oil Halts Drop Near $51
Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving.



Halliburton Names New Western Hemisphere President
The oil services giant has promoted Mark Richard as president for the Western Hemisphere.

In the latest of many executive changes in recent months, Halliburton Co.



Permian Shale Oil Boom Holds Mixed News for OPEC
For OPEC, good news often comes hand-in-hand with bad news.

(Bloomberg) -- The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014.



Crude Oil Bounces Back
Tuesday's trading bolstered the case for the 2019 crude oil comeback story.

After starting the week losing more than 2 percent of their value, the West Texas Intermediate (WTI) and Brent crude oil futures contracts regained momentum Tuesday.



Ophir Energy's Board Rejects Medco's Takeover Proposal
Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.

London-based Ophir Energy plc has rejected Indonesian oil and gas BOP Blow Out Preventer repair company gulf coast PT Medco Energi Global PTE Ltd (Medco)’s takeover offer, Ophir announced Jan.



Demand Biggest Psychological Headwind for Oil
Demand is the biggest psychological headwind for oil right now, according to RBC Capital Markets.

Demand is the biggest psychological headwind for oil right now.



Saudis Say OPEC+ Cuts Provided US Shale Lifeline
Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.



Oil Down Amid Weak China Data
Disappointing China import/export figures spurred new economic growth concerns.

(Bloomberg) -- Oil extended its retreat as disappointing economic data from China helped reignite concerns over economic growth.



Sinopec Said to Get Retail IPO Green Light
Sinopec's retail operations include more than 30,600 fuel stations and nearly 27,000 convenience stores.

(Bloomberg) -- Sinopec, China’s top oil refiner, won approval from the country’s cabinet for a long-awaited initial public offering of the retail unit that runs its vast chain of gas stations and convenience stores, people with knowledge of the matter said.

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