Upstream companies are positioned to thrive in 2019, according to Wood Mackenzie (WoodMac), which said in a release published Monday that the sector enters the new year “prepared to capitalize and build”.
(Bloomberg) -- Hedge funds aren’t buying into OPEC’s oil-production cuts just yet.
Qatar Petroleum (QP) and Eni S.p.A. signed a deal Sunday that will enable QP to acquire a stake in three Eni-operated oil fields in Area 1 in Mexico’s Bay of Campeche, the companies reported.
Equinor revealed Monday that oil rig flanges gulf coast production has started from the Aasta Hansteen gas field in the Norwegian Sea.
West Texas Intermediate (WTI) and Brent crude oil futures on Monday settled below the psychologically significant $50 and $60 marks, respectively.
Crude oil futures posted week-on-week losses, and natural gas posted an even bigger decline for the period.
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