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Fredriksen Is Back in Rigs After $5 Billion Vanished in Seadrill | Gulf Coast Oil Rig Equipment & Repair



The Norwegian-born "Big Wolf" is placing a new wager on offshore drilling.

(Bloomberg) -- John Fredriksen's stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the oil-market crash.

Published: 05 July 2018

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Oil Mixed As Saudi Output Rises, Equities Rebound | Gulf Coast Oil Rig Equipment & Repair



For the week, WTI futures lost about 0.5 percent after hitting a 3-1/2-year high on Tuesday, while Brent lost about 3 percent.

Published: 05 July 2018

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US Biofuels Industry, Advocates See Hope in Pruitt's Successor | Gulf Coast Oil Rig Equipment & Repair



NEW YORK, July 6 (Reuters) - Corn farmers and biofuels producers cheered the resignation of U.S. Environmental Protection Agency chief Scott Pruitt in the hope that his successor may give them more access and fewer threats to reducing domestic requirements.

Published: 05 July 2018

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Russian Lawmakers Approve Profit-Based Taxation For Oil Production | Gulf Coast Oil Rig Equipment & Repair



MOSCOW, July 5 (Reuters) - The lower house of Russian parliament on Thursday approved in the third and final reading the new, profit-based, taxation for a limited number of oilfields, as part of efforts to boost domestic oil production, the Energy Ministry said.

Published: 04 July 2018

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Iran's OPEC Boss Says Trump's Tweets Have Added $10 To Oil Prices -SHANA | Gulf Coast Oil Rig Equipment & Repair



LONDON, July 5 (Reuters) - U.S. President Donald Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor Hossein Kazempour Ardebili was quoted as saying by news agency SHANA on Thursday.

Published: 04 July 2018

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Eni Starts Gas Production at OCTP Project Offshore Ghana | Gulf Coast Oil Rig Equipment & Repair



Eni starts gas oil rig flanges gulf coast production from the Sankofa field in Ghana, which is part of the Offshore Cape Three Points (OCTP) integrated oil and gas project.
Published: 04 July 2018

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Italy's Enel Puts Wind, Solar Farms in Brazil on the Block -Report | Gulf Coast Oil Rig Equipment & Repair



SAO PAULO, July 5 (Reuters) - Italian energy firm Enel SpA has recently hired Rothschild & Co to sell two solar farms and a wind farm in northeastern Brazil, newspaper Valor Economico reported on Thursday.

Published: 04 July 2018

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TWITTER POLL: Mixed Outlook for Mexico's Energy Privatization | Gulf Coast Oil Rig Equipment & Repair



Most respondents in survey expect some decrease in privatization activity.

More than 60 percent of respondents to a brief survey on Rigzone’s Twitter page anticipate some decrease in Mexico’s energy privatization following the July 1 election of leftist Andrés Manuel López Obrador (AMLO) as the country’s next president.

Published: 04 July 2018

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Iran Threatens to Stop Hormuz Oil Exports If Own Crude Cut | Gulf Coast Oil Rig Equipment & Repair



Iran will stop oil exports from the Strait of Hormuz, the world's most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation.
Published: 04 July 2018

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Iran Tensions Rise Over Oil Route as EU Tries to Save Nuclear Deal | Gulf Coast Oil Rig Equipment & Repair



The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military's Central Command said, as Iran's Revolutionary Guards warned they would block oil shipments through the Strait of Hormuz if necessary.
Published: 04 July 2018

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  1. Oil Slips as U.S. Crude Stockpiles Show Surprise Build | Gulf Coast Oil Rig Equipment & Repair
  2. Aker Solutions Secures Perenco UK Services Contract Extension | Gulf Coast Oil Rig Equipment & Repair
  3. BP to Boost Stake in UK's 'Giant' Clair Field | Gulf Coast Oil Rig Equipment & Repair
  4. Global Oil Markets Unlikely To Be Main Issue For Putin-Trump Summit-Kremlin | Gulf Coast Oil Rig Equipment & Repair

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