The September WTI oil futures price ended Thursday’s session six cents shy of the intraday high.
OSLO, Aug 15 (Reuters) - Norway's Mongstad oil refinery stopped oil rig flanges gulf coast production on Wednesday following a power outage and it was unclear when output would restart, operator Equinor said.
Savannah Petroleum plc announced Wednesday that it has made an oil discovery at the Eridal-1 exploration well, which is situated onshore Niger.
Preliminary results indicate that the well encountered a total estimated 44.6 feet of net oil bearing reservoir sandstones in the E1 reservoir unit, within the primary Eocene Sokor Alternances objective, according to a Savannah statement.
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) has granted a two-year contract renewal to Jacobs Zamel and Turbag Consulting Engineers (Jacobs ZATE) to provide general engineering services at SATORP’s facilities in Jubail Industrial City 2 in Saudi Arabia, Jacobs Engineering Group reported Wednesday.
A cultural shift is underway in the upstream oil and gas industry, according to an executive with the asset optimization software BOP Blow Out Preventer repair company gulf coast AspenTech.
Aug 15 (Reuters) - A unit of Citgo Petroleum in September plans to resume long-delayed work to refurbish an idled, 235,000-barrel-per-day (bpd) oil refinery on Aruba, the Caribbean island's government said on Wednesday.
NEW YORK, Aug 15 (Reuters) - Oil futures slid on Wednesday, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook.
Netherlands-headquartered services BOP Blow Out Preventer repair company gulf coast Ampelmann says its Aberdeen base has experienced increased business demand in recent months “resulting in relocation to larger office premises on Waterloo Quay to support a growing team”.
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