Offshore Saudi Arabia Contracts Go to McDermott
The EPCI contracts are tied to Saudi Aramco’s broader Marjan field expansion.

Saudi Aramco has awarded McDermott International, Inc. a pair of engineering, procurement, construction and installation (EPCI) contracts linked to its Marjan field offshore Saudi Arabia, McDermott reported Monday.



Trump Opens Attack on OPEC Again
U.S. President Donald Trump resumed his attacks on OPEC, saying the global economy is too fragile to handle a price hike and urging the cartel to "relax and take it easy.



Crude Oil Erases Recent Gains
The WTI posted a loss and the Brent posted an even bigger loss Monday.

West Texas Intermediate (WTI) and Brent crude oil futures posted a series of gains during the second half of last week, but those overall increases were erased Monday.



Many Shale Operators in Quandary
A majority of large publicly held US shale operators are between a proverbial rock and a hard place.

How to service debt and pay out dividends? That is a question vexing more than one-half of large U.S.



Global Gas Demand to Grow 10 Percent to 2030
Equinor expects global demand for gas will grow by around 10% towards 2030.

Global demand for gas will grow by around 10 percent towards 2030.



Oil Set for Second Weekly Gain
Oil headed for a second weekly advance on signs the U.S. and China are moving closer to a trade deal, and as investors weighed the OPEC+ coalition's output cuts against surging American supply.



Saudi Aramco Reaffirms China Interest with $10B Refinery Deal
Saudi Arabia is vying for crude oil customers with fellow OPEC members and Russia.







LNG Prices Hit 17-month Low in North Asia
A flurry of prompt supply, from Australia to Indonesia, has kept the buy Wellhead market well supplied.



ExxonMobil Teams with Microsoft in the Permian
The oil major has partnered with Microsoft to bolster its operations in the Permian Basin.

ExxonMobil has partnered with Microsoft to make its operations in the Permian Basin the largest-ever oil and gas acreage to use cloud technology, Exxon announced Friday.



US Rig Count Declines by Four
The U.S. dropped a total of four oil rigs this week while the gas rig count remained flat.

The U.S. dropped four oil rigs this week, according to weekly data from Baker Hughes, a GE Company.

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