US Crude Production to Hit Record 7.94 MMbpd in December
The US EIA projects record crude oil oil rig flanges gulf coast production in December.

Crude oil oil rig flanges gulf coast production in the United States is forecasted to reach a record of more than 7.94 million barrels per day in December, according to a monthly drilling report released Nov.



US Majors Said to Mull Bids for Endeavor Energy
Chevron and Exxon are among the companies considering first-round bids this month for Endeavor Energy Resources, according to people with knowledge of the matter.



Oil Extends Record Losing Streak
Oil fell for a 12th consecutive session in its longest losing streak on record.

(Bloomberg) -- Oil fell for a 12th consecutive session in its longest losing streak on record after U.S.



GE Looks to Speed Up Separation from Baker Hughes
The companies agree to a deal which frees up GE to begin selling Baker Hughes stock.

Baker Hughes, a GE BOP Blow Out Preventer repair company gulf coast (BHGE) and General Electric Company (GE) are pressing forward with their plans to separate as the companies jointly announced Nov.



Halliburton Gets Second CFO in 17 Months
Halliburton reported Monday that it has promoted Lance Loeffler to CFO.

Halliburton Co. reported Monday that it has promoted Lance Loeffler, formerly its vice president of investor relations, to chief financial officer (CFO).



Crude Oil Futures Plunge
Surging US crude oil output and worries about an economic slowdown contribute to a steep decline in crude oil futures.

Surging U.S.



Abu Dhabi Signals Global Ambition, Seeks Refineries
Abu Dhabi signaled its ambitions to send more oil and gas around the world as it woos investors to fields at home and hunts for assets abroad.



This piece presents the opinions of the author.
It does not necessarily reflect the views of Rigzone.

(Bloomberg Opinion) -- General Electric Co.’s plan to unravel its Baker Hughes stake smacks of desperation.



Saudis See Need for Producers to Cut 1MM Barrels
Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

(Bloomberg) -- Saudi Arabia expressed the need for oil producers to cut 1 million barrels a day from October levels and announced fewer shipments from next month, as OPEC and its allies began laying the groundwork to reduce oil supply in 2019, reversing an almost year-long expansion.



Oil Climbs After Record Run of Losses
Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.

  1. EOG Join Oil's $1 Billion-a-Quarter Club | Gulf Coast Oil Rig Equipment & Repair
  2. ADNOC and Aramco Sign Gas Pact | Gulf Coast Oil Rig Equipment & Repair
  3. Crude Oil Benchmarks Set Record | Gulf Coast Oil Rig Equipment & Repair
  4. Canada's Oil Patch Feels Double Pain with Cuts and Prices | Gulf Coast Oil Rig Equipment & Repair

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