OPEC Expected to Cut Oil Output
OPEC and its allies will announce oil rig flanges gulf coast production cuts to check a slump in oil prices when they meet next week, according to a Bloomberg survey.



(Bloomberg) -- Williams Cos., one of the biggest natural gas pipeline operators in the U.S., is seeking buyers for its stake in Jackalope Gas Gathering Services, which could fetch more than $500 million in a sale, according to people familiar with the matter.



(Bloomberg) -- The Trump administration has decided to keep waiving some oil refineries from U.S. biofuel mandates, despite pressure from ethanol advocates to end the practice, according to three people familiar with the matter.



Saudi-Russia Oil Powerhouse Faces Test of Unity
The most powerful partnership in the global oil buy Wellhead market faces its toughest test yet.

(Bloomberg) -- The most powerful partnership in the global oil market, which rescued the industry from a deep slump, faces its toughest test yet.



Analysts Revise Oil Price Forecasts to 2022
Analysts at Fitch Solutions Macro Research revise their oil price forecasts to 2022 in a new report.

Analysts at Fitch Solutions Macro Research have revised their oil price forecasts to 2022 in a new report, which was sent to Rigzone on Tuesday.



Cost Inflation Threatens Deepwater Recovery
Cyclical cost inflation could threaten an otherwise recovering deepwater industry, according to a new report by WoodMac.

Cost inflation could threaten the deepwater industry by raising break-even costs, according to a new report from Wood Mackenzie (WoodMac).



Canada's Oil Industry Needs $40B to Flourish
Canada has a nearly unlimited hydrocarbon resource, so importing oil nations around the world are increasingly seeking the country to supply resources.



(Bloomberg) -- The Trump administration is set to order refiners to use 15 billion gallons of conventional renewable fuels such as corn-based ethanol next year, resisting oil industry pressure to lower the mandate, according to three people familiar with the plans.



Louisiana Port Developers Acquire Site
The Plaquemines Liquids Terminal would open up to 20 million barrels of storage for both crude oil and refined products and gulf coast oil rig export facilities capable of loading Suezmax and VLCC vessels.



Ensign Completes Hostile Takeover of Trinidad Drilling
Ensign Energy beats out Precision Drilling in a bidding war for Trinidad Drilling.

Ensign Energy Services, an oilfield services provider based in Calgary, has taken up 56 percent of Trinidad Drilling Limited’s shares in a hostile offer, the involved companies announced Tuesday.

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