West Texas Intermediate (WTI) for August delivery crossed the $60-mark Monday, but the light crude benchmark failed to stay above that psychologically important threshold.
(Bloomberg) -- OPEC will extend oil rig flanges gulf coast production cuts into 2020, attempting to buoy oil prices as the world’s leading exporters fret about the outlook for global demand growth and the relentless rise in output from America’s shale fields.
Venture Global LNG, Inc. reported Thursday afternoon that it has raised $675 million of additional capital from institutional investors, bringing total committed capital raised for its South Louisiana LNG gulf coast oil rig export projects to more than $2.8 billion.
Milestone Environmental Services reported Wednesday that it has acquired three leases and four injection permits in Howard County, Texas.
The U.S. added four oil rigs and dropped four gas rigs this week, according to weekly data from Baker Hughes, a GE Company.
Independent producer W&T Offshore, Inc. has entered into a purchase and sale agreement with ExxonMobil Corp.
- BP Signs On As Canada LNG Project Customer | Gulf Coast Oil Rig Equipment & Repair
- Oil Price Benchmarks Show Slight Gains | Gulf Coast Oil Rig Equipment & Repair
- Alberta Hires CIBC for Crude-by-Rail Program | Gulf Coast Oil Rig Equipment & Repair
- Oil Prices Surge on Inventory Report | Gulf Coast Oil Rig Equipment & Repair