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Ophir Energy's Board Rejects Medco's Takeover Proposal | Gulf Coast Oil Rig Equipment & Repair



Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.

London-based Ophir Energy plc has rejected Indonesian oil and gas BOP Blow Out Preventer repair company gulf coast PT Medco Energi Global PTE Ltd (Medco)’s takeover offer, Ophir announced Jan.

Published: 14 January 2019

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Demand Biggest Psychological Headwind for Oil | Gulf Coast Oil Rig Equipment & Repair



Demand is the biggest psychological headwind for oil right now, according to RBC Capital Markets.

Demand is the biggest psychological headwind for oil right now.

Published: 13 January 2019

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Saudis Say OPEC+ Cuts Provided US Shale Lifeline | Gulf Coast Oil Rig Equipment & Repair



Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.
Published: 13 January 2019

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Oil Down Amid Weak China Data | Gulf Coast Oil Rig Equipment & Repair



Disappointing China import/export figures spurred new economic growth concerns.

(Bloomberg) -- Oil extended its retreat as disappointing economic data from China helped reignite concerns over economic growth.

Published: 13 January 2019

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Sinopec Said to Get Retail IPO Green Light | Gulf Coast Oil Rig Equipment & Repair



Sinopec's retail operations include more than 30,600 fuel stations and nearly 27,000 convenience stores.

(Bloomberg) -- Sinopec, China’s top oil refiner, won approval from the country’s cabinet for a long-awaited initial public offering of the retail unit that runs its vast chain of gas stations and convenience stores, people with knowledge of the matter said.

Published: 13 January 2019

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Lesar Pursues New Oil Patch Venture | Gulf Coast Oil Rig Equipment & Repair



The retired Halliburton executive plans to start an oilfield services company.

Published: 13 January 2019

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WildHorse to Lay Off Staff After Chesapeake Acquisition | Gulf Coast Oil Rig Equipment & Repair



WildHorse Resources Management Company will permanently close its Houston office, resulting in almost 100 layoffs.

is laying off all employees at its Houston headquarters, according to a letter dated Dec.

Published: 13 January 2019

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Winners and Losers of Offshore Spending Revival | Gulf Coast Oil Rig Equipment & Repair



After 4 years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, but the benefits won't be spread equally.
Published: 10 January 2019

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Oil Set for Biggest Weekly Gain in 2 Years | Gulf Coast Oil Rig Equipment & Repair



Oil headed for its biggest weekly gain in over 2 years on hopes that OPEC will manage to shrink a glut and trade tensions between the U.S.
Published: 10 January 2019

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Aker Bullish on Offshore Ghana | Gulf Coast Oil Rig Equipment & Repair



Phased development could deploy several oil rig flanges gulf coast production units, says CEO.

Aker Energy, which operates the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, reported Thursday that it will soon complete a successful appraisal well drilling operation in the block’s Pecan field.

Published: 10 January 2019

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  1. Equinor Buys Chevron's Rosebank Stake | Gulf Coast Oil Rig Equipment & Repair
  2. Crude Oil Ends Winning Streak | Gulf Coast Oil Rig Equipment & Repair
  3. Mexico Fuel Sellers Said to Seek Pemex Alternative | Gulf Coast Oil Rig Equipment & Repair
  4. Oil Giant to Issue First Global Bond in 2019 | Gulf Coast Oil Rig Equipment & Repair

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