Oil Market Faces Precarious Few Months
The oil buy Wellhead market faces a precarious few months, according to Wood Mackenzie.

The oil buy Wellhead market faces a precarious few months.



Oil Trades Near $62
Oil was steady after 8 days of losses.

(Bloomberg) -- Oil was steady after eight days of losses as investors weighed the potential outcome of an OPEC meeting this weekend against a bigger-than-expected gain in American crude stockpiles.



Big Oil Tells Big Tech Being Arrogant Will Backfire
One of the biggest oil bosses in the world has a message for hotshot young tech stars.

(Bloomberg) -- One of the biggest oil bosses in the world has a message for hotshot young tech stars: trust me, being arrogant won’t pay off.



Oil Groups Warn Trudeau's Reforms Will Make it Worse
It's a rough time in Canada's oil patch, and the energy industry is warning that Justin Trudeau is about to make it worse.



UKCS Reserves Could Sustain Output for 20+ Years
The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.

The Oil and Gas Authority’s (OGA) estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent (boe), a new OGA report revealed Thursday.



Crude Oil Has Another Down Day
The December WTI fell by nearly 2 percent Thursday.

West Texas Intermediate (WTI) crude oil for December delivery lost nearly 2 percent Thursday, falling $1.00 to settle at $60.67 a barrel (bbl).



Anadarko to Sell Delaware and DJ Midstream Assets
Under the $4.015 billion deal, Anadarko will receive $2.0075 billion in cash and the balance in new Western Gas equity.

Anadarko Petroleum Corp.



Chevron Appoints New North America E&P Leader
Chevron Corporation appoints a new president for North America Exploration and Production.

Chevron Corporation has appointed Steven W. Green as the new president of Chevron North America Exploration and Production, effective March 1, 2019.



OPEC Eyes Yet Another U-Turn
OPEC is enduring one of the most head-spinning years in its history.

(Bloomberg) -- OPEC is enduring one of the most head-spinning years in its history, swerving from cutting oil oil rig flanges gulf coast production to boosting it as quickly as possible.



Well Setback Measure Fails in Colorado
A controversial proposal on the ballot in Colorado that would have dramatically limited new oil and gas development in the state failed at the polls Tuesday.

  1. Vantage Buys Williston Assets in $1.65B Deal | Gulf Coast Oil Rig Equipment & Repair
  2. WTI Settles Below $62 | Gulf Coast Oil Rig Equipment & Repair
  3. WoodMac Says South Sudan Outlook Shaky | Gulf Coast Oil Rig Equipment & Repair
  4. Oil Could Hit $100 If Supply Crunch Worsens | Gulf Coast Oil Rig Equipment & Repair

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