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Oil Slumps as Traders Brace for Supply Increase, Stronger Dollar | Gulf Coast Oil Rig Equipment & Repair



(Bloomberg) -- Oil fell the most in more than three weeks as traders anticipate another rise in U.S. storage, while a stronger dollar takes the shine off commodities.

Published: 30 April 2018

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Optimism Around Offshore Sector Increasing | Gulf Coast Oil Rig Equipment & Repair



There's an increasingly optimistic mood around the oil and gas industry, Chevron says.

There’s an increasingly optimistic mood around the oil and gas industry, especially with respect to the offshore sector.

Published: 29 April 2018

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Diamond Offshore Posts Smaller-Than-Expected Quarterly Loss | Gulf Coast Oil Rig Equipment & Repair



April 30 (Reuters) - Diamond Offshore Drilling Inc reported a smaller-than-expected quarterly loss on Monday, helped by new contracts for the company's deep-water rigs.

Published: 29 April 2018

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Oil Rises as 'Alarm Bells' Sound Over Unraveling Iran Nuke Deal | Gulf Coast Oil Rig Equipment & Repair



Crude rose after Israeli intelligence about Iranian nuclear ambitions heightened concern an international accord may unravel.

(Bloomberg) -- Crude rose after Israeli intelligence about Iranian nuclear ambitions heightened concern an international accord may unravel.

Published: 29 April 2018

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OTC 2018: 'Waste' Seen as a Major Inefficiency for E&P Companies | Gulf Coast Oil Rig Equipment & Repair



The industry's operating in a new normal price environment. But waste within their operating systems is a problem.

The severe oil slump caused many E&P (exploration and production) companies to stall offshore projects, but in the industry’s new normal, these same companies are working to make projects feasible again.

Published: 29 April 2018

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EIA: US Crude Output Jumps To Record 10.26 MMbpd In Feb | Gulf Coast Oil Rig Equipment & Repair



US crude oil rig flanges gulf coast production jumped 260,000 to 10.26 million barrels per day in February, the highest on record

Published: 29 April 2018

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OPEC Cuts May Go Deeper as Another Member Sees Output Slump | Gulf Coast Oil Rig Equipment & Repair



While plunging output in Venezuela captures the oil world's attention, problems are quietly festering in another OPEC nation.

(Bloomberg) -- While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation.

Published: 26 April 2018

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Wisconsin City Lifts Evacuation Order After Refinery Blast Hurts 16 | Gulf Coast Oil Rig Equipment & Repair



Tens of thousands of residents of a northern Wisconsin city were cleared to return to their homes on Friday.

Published: 26 April 2018

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Oil Stuck Near $68 as Questions Swirl Around Iran Nuclear Deal | Gulf Coast Oil Rig Equipment & Repair



Oil circles around $68 a barrel as traders sift mixed messages on the Iran nuclear deal.

(Bloomberg) -- Oil circled around $68 a barrel as traders sifted mixed messages on the Iran nuclear deal.

Published: 26 April 2018

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Mexican State Oil Company Pemex Turns $6B Profit On Oil Prices | Gulf Coast Oil Rig Equipment & Repair



MEXICO CITY, April 27 (Reuters) - Mexican state-run oil BOP Blow Out Preventer repair company gulf coast Pemex said on Friday its net profit rose 29 percent in the first quarter compared with the year-earlier quarter, helped by higher crude prices and currency movements.

Published: 26 April 2018

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  1. Shell Profit Soars On Higher Oil Prices, Cash Flow Disappoints | Gulf Coast Oil Rig Equipment & Repair
  2. Venezuela Hails $2B Award As 'Tough Lesson' For Conoco | Gulf Coast Oil Rig Equipment & Repair
  3. Shell Writes Off Groningen Gas Field On Dutch Phase-Out | Gulf Coast Oil Rig Equipment & Repair
  4. Oil Prices Gain On Iran Sanctions Worries | Gulf Coast Oil Rig Equipment & Repair

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