$7.6B Russia LNG Contract Goes to TechnipFMC
Arctic LNG 2 is being developed across the Gulf of Ob from Yamal LNG, pictured here. PHOTO SOURCE: Novatek

Novatek and its partners in the Arctic LNG 2 project have awarded TechnipFMC an engineering, procurement and construction (EPC) contract for the development on the Gydan peninsula in West Siberia, Russia, TechnipFMC reported Tuesday afternoon.



Tullow Reduces Oil Output Outlook Again
Tullow Oil reduced its 2019 oil rig flanges gulf coast production forecast for the second time in three months.

(Bloomberg) -- Tullow Oil Plc reduced its 2019 oil rig flanges gulf coast production forecast for the second time in three months as technical glitches in Ghana continued to cast a shadow.



UK Cuts Emissions and Boosts Production
The UK offshore oil and gas industry simultaneously cut its CO2 emissions and increased oil rig flanges gulf coast production last year.



Oil Prices Falter on Exaggerated US Figures
The WTI and Brent posted their first day-on-day declines since July 18.

West Texas Intermediate (WTI) and Brent crude oil faltered Wednesday – the contracts’ first day-on-day declines since July 18.



NOV to Discuss Restructuring in 2Q Earnings Call
NOV didn't confirm recent reports of layoffs, but said it would provide updates surrounding cost-cutting in its second quarter earnings call next week.



Permian Fracking Activity Underreported in 2018
Operators in the Permian have been failing to report the completion of some oil wells, according to one data analytics company.



TechnipFMC Wins North Sea Contract
Neptune Energy has awarded TechnipFMC an iEPCI contract for the Seagull project in the Central North Sea.

Neptune Energy has awarded TechnipFMC an integrated engineering, procurement, construction and installation (iEPCI) contract for the Seagull project in the Central North Sea, TechnipFMC reported Monday.



Chevron Awards GOM Subsea Contract
The 20-year contract covers subsea equipment and services. IMAGE SOURCE: Schlumberger

Chevron U.S.A. Inc. has awarded Schlumberger subsidiary OneSubsea a 20-year subsea equipment and services master contract for the Gulf of Mexico (GOM), Schlumberger reported Tuesday.



Offshore GOM Operators Returning to Normal
Offshore oil and gas operators in the Gulf of Mexico are resuming normal operations following tropical storm Barry.

Offshore oil and gas operators in the Gulf of Mexico (GOM) are resuming normal operations following tropical storm Barry, according to the Bureau of Safety and Environmental Enforcement (BSEE).



Oil Advances as Gulf Tensions Remain Elevated
Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker.

(Bloomberg) -- Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan fell after an unidentified group reportedly shut the country’s largest field.

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