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Trump Boosts Biofuel Quotas | Gulf Coast Oil Rig Equipment & Repair



(Bloomberg) -- The Trump administration ordered oil companies to blend more renewable fuel into gasoline and diesel next year -- but it could be the last increase for years to come, as the government starts to make sweeping changes to the U.S.

Published: 29 November 2018

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Oil Falls Below $50 for First Time in Over a Year | Gulf Coast Oil Rig Equipment & Repair



Oil crashed below $50 a barrel for the first time in more than a year as Russia signaled little urgency to commit to supply cuts.
Published: 28 November 2018

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RWE to Buy More US LNG | Gulf Coast Oil Rig Equipment & Repair



(Bloomberg) -- RWE AG plans to buy more U.S. liquefied natural gas after signing two contracts this year in a strategy to bulk up the utility’s sources of the super-chilled fuel.

Published: 28 November 2018

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Pemex Refineries Operating at Lowest Level in Almost 3 Decades | Gulf Coast Oil Rig Equipment & Repair



Petroleos Mexicanos' refineries are operating at the lowest level in almost three decades.

(Bloomberg) -- Petroleos Mexicanos’s refineries are operating at the lowest level in almost three decades.

Published: 28 November 2018

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Crude Oil Recovers After Going Sub-$50 | Gulf Coast Oil Rig Equipment & Repair



January WTI crude oil futures fell below the $50 mark Thursday, reaching an intraday low of $49.41.

January West Texas Intermediate (WTI) crude oil futures fell below the $50 mark Thursday, reaching an intraday low of $49.41, but recovered to a settlement price of $51.45 a barrel.

Published: 28 November 2018

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Tenaris to Cut Production and Staff at Canadian Facility | Gulf Coast Oil Rig Equipment & Repair



Tenaris is decreasing oil rig flanges gulf coast production and cutting staff at its AlgomaTubes facility due in part to increases in imports to Canada because of the Trump administration's steel tariffs.
Published: 28 November 2018

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Oil Exploration Activity Will Pick-up in 2019 | Gulf Coast Oil Rig Equipment & Repair



There will be a pick-up in oil exploration activity next year, according to a new report.

There will be a pick-up in oil exploration activity next year, compared to 2018, according to a new report from Fitch Solutions Macro Research.

Published: 27 November 2018

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Oil Rises | Gulf Coast Oil Rig Equipment & Repair



Oil climbed as the Trump administration signaled optimism a trade deal may be reached with China and an industry report indicated robust U.S' fuel demand.
Published: 27 November 2018

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Pemex Triples Estimate for 'Most Important Onshore Field in 25 Years' | Gulf Coast Oil Rig Equipment & Repair



Pemex has more than tripled its estimated reserves in its Ixachi field.

(Bloomberg) -- Pemex has more than tripled its estimated reserves in its Ixachi field.

Published: 27 November 2018

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Canada's Output Grows Despite Pipeline Problems | Gulf Coast Oil Rig Equipment & Repair



Canada's lingering crude glut isn't hindering the country's growing oil output, according to the National Energy Board's most recent forecast.

(Bloomberg) -- Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast.

Published: 27 November 2018

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  1. OPEC Expected to Cut Oil Output | Gulf Coast Oil Rig Equipment & Repair
  2. Williams Seeks Buyers for Stake in Wyoming Pipeline | Gulf Coast Oil Rig Equipment & Repair
  3. EPA to Keep Exempting Refineries From Biofuel Mandates | Gulf Coast Oil Rig Equipment & Repair
  4. Saudi-Russia Oil Powerhouse Faces Test of Unity | Gulf Coast Oil Rig Equipment & Repair

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