Oil Boom Bottleneck Costs Permian Investors $1B a Day
More than $1B a day. That's how much value a Permian pipeline crunch wiped out from the explorers most focused on the booming shale region in two weeks.



Montrose Port Authority, a support and service hub for the North Sea energy industry, has received a $2 million (GBP 1.5 million) grant from the Scottish government.



Safety 30: Nothing More Important Than Ensuring Safety of Those Offshore
Day 2 of the safety conference in Aberdeen is in full swing.

Nothing is more important than ensuring the safety of those offshore.



Spain's Repsol To Boost Production, Hike Dividend In 2020
Spanish oil major Repsol expects to increase oil rig flanges gulf coast production to 750,000 barrels per day in 2020 and raise its dividend to $1.2 per share over the next two years.



Frac Gel: Now Available at Your Local Grocery Store
'We'll perfect our chemistry,' a common goal for the Beach Boys and Liberty Oilfield Services.

One common misconception of current frac fluids used in shale is that they contain hundreds of chemicals.



Shale Country Dangles 100% Pay Raises as Labor Market Runs Dry
The mayor of Midland, Texas is being whipsawed by the latest Permian boom.

(Bloomberg) -- Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.



(Bloomberg) -- Oil slid lower after a U.S. government report showed a surprise increase in domestic crude stockpiles.

Futures dropped 1.2 percent in New York on Wednesday to the lowest level in almost two months.



Reuters

June 6 (Reuters) - U.S. crude oil stockpiles rose unexpectedly last week even as refineries hiked output to the highest in five months, while gasoline stocks increased sharply as demand eased, the Energy Information Administration said on Wednesday.



Reuters

June 5 (Reuters) - The U.S. government has asked Saudi Arabia and some other OPEC producers to increase oil oil rig flanges gulf coast production by about 1 million barrels a day, Bloomberg reported https://bloom.bg/2JcgQvb on Tuesday, citing people familiar with the matter.



Safety 30: UK Offshore Sector Must Maintain Relentless Focus on Safety
The UK offshore oil and gas industry must maintain a relentless focus on safe operations, a two-day safety conference opening today in Aberdeen has been told.

  1. Jobs Report: US Adds Thousands of Mining Jobs in May | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Climbs as US Stockpiles Point to Tightening Supply Picture | Gulf Coast Oil Rig Equipment & Repair
  3. Canadian Oil Has Record Day After Enbridge Scraps New Rules | Gulf Coast Oil Rig Equipment & Repair
  4. Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure | Gulf Coast Oil Rig Equipment & Repair

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