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Oil Prices Edge Upward Amid Tug-of-War | Gulf Coast Oil Rig Equipment & Repair



The slight uptick occurred as various factors continue to pull the oil buy Wellhead market in different directions.

December West Texas Intermediate (WTI) crude oil futures rose by 51 cents Thursday to settle at $67.33 a barrel.

Published: 24 October 2018

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Shipping Costs Make Europe a LNG Hot Spot Right Now | Gulf Coast Oil Rig Equipment & Repair



(Bloomberg) -- Forget Asian hunger for energy or where liquefied natural gas costs the most, at the moment it’s all about tanker rates.

Northwest Europe has seen a boom in LNG imports this month, with cargoes arriving from atypical sources including Peru and Egypt, while the U.S.

Published: 24 October 2018

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Trump Admin Approves First Oil Production Facility in Federal Arctic Waters | Gulf Coast Oil Rig Equipment & Repair



The Trump administration has authorized Hilcorp's plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude.
Published: 24 October 2018

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US Still Largest Natural Gas Producer | Gulf Coast Oil Rig Equipment & Repair



The United States is still the world's largest natural gas producer, despite a marginal 2017 output increase.

The United States is still the world’s largest natural gas producer, despite a marginal 2017 output increase of 0.7 percent, a new report from Eni has revealed.

Published: 23 October 2018

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Upstream Players Must Boost Spending | Gulf Coast Oil Rig Equipment & Repair



Global oil and gas development spend needs to increase by around 20%.

Global oil and gas development spend needs to increase by around 20 percent, to about $600 billion, to meet future demand growth and ensure companies sustain oil rig flanges gulf coast production next decade.

Published: 23 October 2018

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WTI Settles a Tad Higher | Gulf Coast Oil Rig Equipment & Repair



WTI crude oil futures contract reversed its recent downward course Wednesday – at least to a small degree.

The West Texas Intermediate (WTI) crude oil futures contract reversed its recent downward course Wednesday – at least to a small degree.

Published: 23 October 2018

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CN Rail Vies for Crude-Hauling Crown | Gulf Coast Oil Rig Equipment & Repair



(Bloomberg) -- Canadian National Railway Co. expects to set a record for crude-by-rail shipments next year as it vies with Canadian Pacific Railway Ltd. to dominate a booming buy Wellhead market for the alternative to pipelines.

Published: 23 October 2018

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Petrobras FPSO Achieves First Oil | Gulf Coast Oil Rig Equipment & Repair



The Petrobras-operated FPSO P-69 is now producing at the Lula Extrema South in Brazil's offshore Santos Basin.

The Petróleo Brasileiro S.A. (Petrobras)-operated floating oil rig flanges gulf coast production storage and offloading (FPSO) vessel P-69 is now producing at the Lula Extrema South in Brazil’s offshore Santos Basin, Lula consortium member Shell reported Wednesday.

Published: 23 October 2018

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Aker Wins $200MM CNOOC Subsea Order | Gulf Coast Oil Rig Equipment & Repair



Aker Solutions receives a notification of award for orders valued at more than $205 million from the China National Offshore Oil Corporation.

Published: 22 October 2018

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More UK FIDs Before End of Year? | Gulf Coast Oil Rig Equipment & Repair



There could be 2 more UK final investment decisions before the year is over, Sillimanite and Columbus.

There could be two more UK final investment decisions (FID) before the year is over; Sillimanite and Columbus.

Published: 22 October 2018

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  1. Nostra Terra Acquires 8 Potential Permian Wells | Gulf Coast Oil Rig Equipment & Repair
  2. Four Things to Do with $100+ Oil | Gulf Coast Oil Rig Equipment & Repair
  3. OPEC in Maximum Production Mode | Gulf Coast Oil Rig Equipment & Repair
  4. Total's Pouyanne Steps Into the Eye of Saudi Storm | Gulf Coast Oil Rig Equipment & Repair

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