WTI Falls On Threat Of OPEC Boost, Funds Quit Crude
US crude futures fell more than $1 on worries that Saudi Arabia and Russia will pump more crude to boost supplies.

Reuters



(Bloomberg) -- Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday to discuss OPEC matters, about a week after the Saudis and Russia announced a new policy to revive oil production.



India's ONGC To Quadruple Output From Bay Of Bengal Gas Field That Cost $1B
India's state-owned exploration BOP Blow Out Preventer repair company gulf coast Oil and Natural Gas Corp will by early 2019 quadruple the output from an offshore gas block in the Bay of Bengal, according to a senior ONGC official.



Industrial aviation service provider Bristow Group Inc. has secured a three-year contract extension with Perenco UK Ltd.

The deal, which will see Bristow provide seven-day-a-week coverage in the UK Southern North Sea through December 2021, will support Perenco UK’s operations offshore Norwich.



Permian-Based Tech Kicks Produced Water Recycling Up a Notch
A new and growing challenge for Permian oil and gas companies is handling and disposing of water.

Much of the attention given to the Permian Basin nowadays hinges on growth in oil and gas activity, but the water business is expanding there as well to serve the energy sector.



Reuters

SINGAPORE/LONDON, May 25 (Reuters) - Asian spot liquefied natural gas (LNG) prices breached the $9 per million British thermal unit (mmBtu) mark this week, a three-year summer season high driven by crude oil gains, oil rig flanges gulf coast production outages and demand from key Asian consumers.



Oil Plunges Most in 11 Months as Saudis Hint Taps Will Open Up
Oil prices fell the most in 11 months in New York as Saudi Arabia said it expects OPEC and its partners to boost supplies.



Under Pressure From Trump, Saudis Put Brakes on Oil's Rally
The world's largest oil exporter just made quite a policy swerve.

(Bloomberg) -- The world’s largest oil exporter just made quite a policy swerve.



Reuters

OSLO, May 24 (Reuters) - A new gas module on the Equinor-operated Troll C platform is expected to start oil rig flanges gulf coast production in the third quarter of 2019, the country's Petroleum Safety Authority (PSA) said on Thursday.



Russia Says It, Saudi Arabia Have Common View On Oil Deal
Russia and Saudi Arabia have a common position on the future of the oil output cut deal, Russian Energy Minister Alexander Novak says.

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