WoodMac Says OPEC+ Will Continue Cuts
OPEC+ will continue oil rig flanges gulf coast production restraint through the second half of 2019, rolling over the current agreement, according to Wood Mackenzie.



Oil Surges on OPEC+ and US-China Developments
Oil surged to a five-week high after Saudi Arabia and Russia signaled their support for an extension of OPEC+ output cuts and a U.S.



Light Crude Trades Above $60
The WTI failed to stay above that psychologically important threshold, though.

West Texas Intermediate (WTI) for August delivery crossed the $60-mark Monday, but the light crude benchmark failed to stay above that psychologically important threshold.



OPEC Extends Output Cuts Into 2020
OPEC will extend oil rig flanges gulf coast production cuts into 2020, attempting to buoy oil prices.

(Bloomberg) -- OPEC will extend oil rig flanges gulf coast production cuts into 2020, attempting to buoy oil prices as the world’s leading exporters fret about the outlook for global demand growth and the relentless rise in output from America’s shale fields.



Venezuela Plans on Shutting Fields to Boost Oil Output
Venezuela's state-owned oil BOP Blow Out Preventer repair company gulf coast is taking an unusual step to try and increase production: shut fields.



Nearly $3B Raised for Louisiana LNG Projects
Most of the additional $675 million will go toward the Plaquemines LNG project.

Venture Global LNG, Inc. reported Thursday afternoon that it has raised $675 million of additional capital from institutional investors, bringing total committed capital raised for its South Louisiana LNG gulf coast oil rig export projects to more than $2.8 billion.



Disposal Firm Adds Permian Injection Capacity
Milestone Environmental Services reported that it has acquired leases and injection permits in Howard County, Texas.

Milestone Environmental Services reported Wednesday that it has acquired three leases and four injection permits in Howard County, Texas.



Oil Prices Mixed for the Week
Both the WTI and Brent crude oil futures contracts edged downward Friday, but the WTI managed to stay in positive territory for the week.



US Drillers Add Four Rigs
This week's addition of oil rigs was offset by a decline in gas rigs.

The U.S. added four oil rigs and dropped four gas rigs this week, according to weekly data from Baker Hughes, a GE Company.



W&T Offshore Inks Deal with Exxon for GOM Assets
W&T Offshore will acquire producing assets in the Gulf of Mexico from ExxonMobil for $200 million.

Independent producer W&T Offshore, Inc. has entered into a purchase and sale agreement with ExxonMobil Corp.

  1. BP Signs On As Canada LNG Project Customer | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Price Benchmarks Show Slight Gains | Gulf Coast Oil Rig Equipment & Repair
  3. Alberta Hires CIBC for Crude-by-Rail Program | Gulf Coast Oil Rig Equipment & Repair
  4. Oil Prices Surge on Inventory Report | Gulf Coast Oil Rig Equipment & Repair

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