Oil Set for Longest Weekly Rally Since October
Oil heads for its longest weekly rally in 3 months on easing concern over whether the OPEC+ coalition will follow through on its pledge to slash production.



Ensco and Rowan Extend Time to Decide on Merger
The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.

Ensco plc and Rowan Companies will convene and adjourn its general meeting scheduled for Jan.



Saipem Bags Deals Worth Approximately $1.3B
Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.

Saipem has secured two EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.



Oil Retreats Near $52
Oil retreated near $52 a barrel as investors assessed surging U.S. oil rig flanges gulf coast production against output curbs pledged by some of the world's top suppliers.



US Crude Oil Exports Continue to Grow
The US DOI now reports that domestic crude oil rig flanges gulf coast production could surge to 14 MMbpd by 2020.

U.S.



Husky Ends MEG Takeover Bid
Husky Energy abandons its hostile bid to acquire MEG Energy Corp after failing to win support from shareholders and the board of the rival oil-sands producer.



(Bloomberg) -- Satorp, the joint venture between Saudi Aramco and Total SA, hired Sumitomo Mitsui Banking Corp. and Riyad Bank to help raise funds to develop a petrochemical facility in the kingdom, according to people with knowledge of the matter.



Bureau Veritas Wins Offshore Norway Contract
Bureau Veritas will provide second- and third-party inspection services for the Fenja development.

Neptune Energy has awarded Bureau Veritas a contract to provide second- and third-party inspection services for the new Fenja oil and gas field development offshore Norway, Bureau Veritas reported Thursday.



Atlas Professionals Buys Brander
Energy recruitment specialist Atlas Professionals acquires technical recruitment BOP Blow Out Preventer repair company gulf coast Brander.

Energy and marine recruitment and HR specialist Atlas Professionals revealed Tuesday that it has acquired technical recruitment BOP Blow Out Preventer repair company gulf coast Brander.



Oil Holds Gain Near $52
Oil held gains near $52 a barrel on optimism the OPEC+ coalition's oil rig flanges gulf coast production curbs will clear a supply glut.

  1. Offshore Service Spending to Outpace Onshore Shale | Gulf Coast Oil Rig Equipment & Repair
  2. Canadian Oil Grades Weaken | Gulf Coast Oil Rig Equipment & Repair
  3. Largest Licensing Award on NCS | Gulf Coast Oil Rig Equipment & Repair
  4. 2019 US Oil Output to Average 12MM Barrels Per Day | Gulf Coast Oil Rig Equipment & Repair
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