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.



Lesar Pursues New Oil Patch Venture
The retired Halliburton executive plans to start an oilfield services company.



WildHorse to Lay Off Staff After Chesapeake Acquisition
WildHorse Resources Management Company will permanently close its Houston office, resulting in almost 100 layoffs.

is laying off all employees at its Houston headquarters, according to a letter dated Dec.



Winners and Losers of Offshore Spending Revival
After 4 years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, but the benefits won't be spread equally.



Oil Set for Biggest Weekly Gain in 2 Years
Oil headed for its biggest weekly gain in over 2 years on hopes that OPEC will manage to shrink a glut and trade tensions between the U.S.



Aker Bullish on Offshore Ghana
Phased development could deploy several oil rig flanges gulf coast production units, says CEO.

Aker Energy, which operates the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, reported Thursday that it will soon complete a successful appraisal well drilling operation in the block’s Pecan field.

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  4. Oil Giant to Issue First Global Bond in 2019 | Gulf Coast Oil Rig Equipment & Repair

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