Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.



Scottish Government Announces Decommissioning Fund Boost
An additional $6.4 million has been made available to the supply chain in Scotland 'to help maximize the economic benefit from the decommissioning of North Sea infrastructure'.



At Iran's Risk, Trump Is Winning Over Fastest Growing Oil Market
One of Iran's biggest oil customers is buying more U.S. crude.

(Bloomberg) -- One of Iran’s biggest oil customers is buying more U.S.



India to Launch DSF Bid Round II on Thursday
India's ministry of petroleum and natural gas will launch DSF Bid Round II on Thursday.

India’s ministry of petroleum and natural gas announced Wednesday that it will launch DSF Bid Round II on Thursday.



Analysts: Venezuela's Oil Sector Continues to Unravel
Venezuela's oil sector 'continues to unravel', according to oil and gas analysts at Fitch Solutions Macro Research.

Venezuela’s oil sector “continues to unravel”, according to oil and gas analysts at Fitch Solutions Macro Research.



Talos Energy Wins Discovery Award for 2017 Offshore Mexico Find
Pictured l-r are: Loren Long, Vice President Mexico, Talos Energy; Tom Wilker, SVP Subsurface, Wood Mackenzie; Timothy Duncan, President & CEO, Talos Energy; and John Parker, Executive Vice President Exploration, Talos Energy.



Reuters

Aug 8 (Reuters) - Australia's Quadrant Energy and Carnarvon Petroleum have found an oil field off Western Australia that analysts said could be the biggest discovery in the area for more than 20 years, potentially turning both into takeover targets.



Five Ways to Age-Proof Your Resume
You have the power to divert a recruiter’s attention.

As a recently revealed, ageism is a significant concern among Baby Boomers and Generation Xers.



Crude Tumbles to Lowest Point in Nearly Seven Weeks
Crude tumbled to a nearly seven-week low as the escalating trade dispute between the world's biggest economies overshadowed a decline in U.S. crude stockpiles.



Reuters

HOUSTON, Aug 8 (Reuters) - Continental Resources, the U.S. shale producer controlled by billionaire Harold Hamm, expects its output to grow by 15 to 20 percent next year, with much of that increase weighted toward oil, executives said on Wednesday.

  1. Phase II of 'Prolific' UKCS Field Receives Full Sanction to Move Forward | Gulf Coast Oil Rig Equipment & Repair
  2. WoodMac Sees 'Loosening' of Oil Market Towards Year-End | Gulf Coast Oil Rig Equipment & Repair
  3. Genel Energy Sees Significant Output Boost in 2019 | Gulf Coast Oil Rig Equipment & Repair
  4. Continental Resources Raises 2018 Production, Spending Outlook | Gulf Coast Oil Rig Equipment & Repair
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