Nostra Terra Acquires 8 Potential Permian Wells
Nostra Terra Oil and Gas has acquired the Mesquite Prospect in the Permian Basin, giving them potential to drill eight horizontal wells.



Four Things to Do with $100+ Oil
How can oil companies apply in a boom period what they were forced to learn in the most recent bust?

Overall, crude .



OPEC in Maximum Production Mode
Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.

(Bloomberg) -- Saudi Arabia gave the strongest indication yet that it’s trying to stop oil prices from rising further, saying that OPEC and allies are in a “produce as much as you can mode” to assure customers that they can meet demand and remove any uncertainties about looming shortages.



(Bloomberg) -- Total SA boss Patrick Pouyanne proved once again that he’ll go where other business leaders fear to tread.

The storm in Saudi Arabia caused by the killing of dissident journalist Jamal Khashoggi was too much for the chief executive officers of Siemens AG and BlackRock Inc.



Crude Oil Down Four Percent
Front-month crude oil futures each lost more than 4%.

Front-month crude oil futures each lost more than 4 percent Tuesday.

The December West Texas Intermediate (WTI) crude oil futures price fell $2.93 Tuesday to settle at $66.43 a barrel.



Green Light for North Sea Alligin Field
BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.

BP confirmed Monday that it has received approval from the UK’s Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland.



Saudi Arabia Has No Plans to Repeat 1973 Oil Crisis
Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi.



Private Equity Needs Long-Term Approach to Cash in on Shale
For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.



BP Taps Technology to Bolster Billions in Savings
BP's use of data has helped the BOP Blow Out Preventer repair company gulf coast cut billions of dollars of costs following oil's recent existential slump.



Permian Refinery Project Gets EPC Contractor
The developer of a grassroots Permian Basin oil refinery has named its overall EPC contractor for the project.

The developer of a grassroots Permian Basin oil refinery on Monday named the overall engineering, procurement and construction (EPC) contractor to complete detailed engineering and construct the facility, which will be located in Pecos County near Fort Stockton, Texas.

  1. Halliburton's Optimism Clouded by Weak End to 2018 | Gulf Coast Oil Rig Equipment & Repair
  2. Russia Is Said to Offer Exxon New Projects | Gulf Coast Oil Rig Equipment & Repair
  3. Onshore UK Portland Field Dubbed Commercially Viable | Gulf Coast Oil Rig Equipment & Repair
  4. $4B Thailand Refinery Contract Awarded | Gulf Coast Oil Rig Equipment & Repair

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