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Equinor Buys Chevron's Rosebank Stake | Gulf Coast Oil Rig Equipment & Repair



Equinor completes the acquisition of Chevron's 40% operated interest in the Rosebank project.

Equinor revealed Friday that it has completed the acquisition of Chevron’s 40 percent operated interest in the Rosebank project, which is located in the West of Shetland region of the UK Continental Shelf.

Published: 10 January 2019

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Crude Oil Ends Winning Streak | Gulf Coast Oil Rig Equipment & Repair



Nevertheless, there's evidence that bullish sentiment is growing in the oil market.

Since Jan. 2, the first trading day of 2019, crude oil prices have consistently risen day-on-day.

Published: 10 January 2019

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Mexico Fuel Sellers Said to Seek Pemex Alternative | Gulf Coast Oil Rig Equipment & Repair



Private gasoline retailers are scrambling for alternatives to state-owned Pemex to supply their service stations in Mexico that are running out of fuel.
Published: 10 January 2019

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Oil Giant to Issue First Global Bond in 2019 | Gulf Coast Oil Rig Equipment & Repair



Saudi Aramco plans to tap the debt buy Wellhead market in 2Q to finance the acquisition of Sabic, likely issuing its first ever international bond and disclosing its accounts in the process.
Published: 09 January 2019

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Oil Takes Breather After Bull Market Breakout | Gulf Coast Oil Rig Equipment & Repair



Oil's taking a breather after bursting into a bull market.

(Bloomberg) -- Oil’s taking a breather after bursting into a bull buy Wellhead market on growing optimism over OPEC cuts, U.S.

Published: 09 January 2019

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Chesapeake to Cut Rigs to Reduce CAPEX in 2019 | Gulf Coast Oil Rig Equipment & Repair



The Oklahoma City-based E&P BOP Blow Out Preventer repair company gulf coast is lowering its rig count by 20% in 2019.

After a strong fourth quarter in 2018, Chesapeake Energy Corporation is stepping into 2019 with a bit of caution.

Published: 09 January 2019

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ConocoPhillips Contracts Rowan Jackup | Gulf Coast Oil Rig Equipment & Repair



The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet.

ConocoPhillips Skandinavia AS (COPSAS) has awarded Rowan Companies plc a contract for the Rowan Norway N-class ultra-harsh environment jackup, Rowan reported Thursday.

Published: 09 January 2019

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Crude Oil Rally Subsides | Gulf Coast Oil Rig Equipment & Repair



Thursday's day-on-day price gains were relatively modest.

Crude oil prices dipped during Thursday’s trading before posting day-on-day gains to build on recent positive momentum.

Published: 09 January 2019

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Norway Cuts Production Forecast to Lowest in 30 Years | Gulf Coast Oil Rig Equipment & Repair



Norway's oil regulator reduced its forecast for oil rig flanges gulf coast production this year.

(Bloomberg) -- Norway’s oil regulator reduced its forecast for oil rig flanges gulf coast production this year, predicting crude output could drop to the lowest in three decades before recovering in 2020.

Published: 09 January 2019

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Problems for US Producers at $50 | Gulf Coast Oil Rig Equipment & Repair



U.S. producers can't generate cashflow and oil rig flanges gulf coast production growth at $50 per barrel oil, according to Energy Aspects.
Published: 08 January 2019

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  1. Oil Extends Longest Rally in 1.5 Years | Gulf Coast Oil Rig Equipment & Repair
  2. Venezuela Will Remap its Caribbean Oil, Gas Prospects | Gulf Coast Oil Rig Equipment & Repair
  3. TransCanada Drops 'Canada' From Its Name | Gulf Coast Oil Rig Equipment & Repair
  4. Crude Oil Surges Above Thresholds | Gulf Coast Oil Rig Equipment & Repair

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