Targa to Sell Interest in Bakken Assets for $1.6B
U.S. pipeline BOP Blow Out Preventer repair company gulf coast Targa Resources Corp. has entered into a definitive agreement to sell its assets in the Bakken for $1.6 billion.



WTI Settles Above $56
Analyst offers insights on oil buy Wellhead market drivers from 1600 Pennsylvania Avenue and other locales.

President Trump’s fondness for communicating via Twitter appears to hold more sway over crude oil prices than other drivers associated with the oil market’s ups and downs, an analyst told Rigzone Tuesday.



Alberta Eyes $1.7 Billion Profit From Crude-by-Rail Project
The deal between Canadian Pacific Railway and Canadian National Railway entails leasing 4,400 rail cars over three years.

(Bloomberg) -- Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.



8-Year Petrobras Contract Starts for TechnipFMC-DOF
A joint venture of TechnipFMC and DOF Subsea owns the new flexible lay and construction vessel.

The newly delivered Skandi Olinda flexible lay and construction vessel owned by a 50/50 joint venture of TechnipFMC and DOF Subsea has commenced an eight-year charter contract with Petroleo Brasileiro S.A.



Kosmos Founding Partner to Retire
Kosmos Energy's chief exploration officer and founding partner, Brian F. Maxted, has decided to retire from the company.

Kosmos Energy announced Monday that its chief exploration officer and founding partner, Brian F.



33 FPSOs to be Sanctioned to 2021
Rystad Energy expects 33 FPSOs to be sanctioned from 2019 to 2021.

Rystad Energy has revealed that it expects thirty-three floating oil rig flanges gulf coast production storage and offloading vessels (FPSOs) to be sanctioned from 2019 to 2021, “as oil and gas activity picks up in the offshore sector”.



Transocean Makes Automation Deal with Equinor
One harsh-environment semi-submersible was fitted with the ADC system two years ago.

Transocean Ltd. reported Monday that it has entered into an agreement with customer Equinor ASA to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in Norway.



Repsol Makes Gas Discovery in Indonesia
Indonesia upstream regulator SKK Migas confirmed that Repsol discovered gas in Kali Berau Dalam-2 well.

Spanish energy BOP Blow Out Preventer repair company gulf coast Repsol S.A.



Crude Oil Edges Upward
Both the WTI and Brent crude oil benchmarks posted gains.

West Texas Intermediate (WTI) crude oil for March delivery gained 47 cents to reach $56.06 per barrel during an abbreviated session Monday.



Energy Guru Says US and Russia Should Set Aside Gas Fight
A Cold War-era energy advisor contends the United States and Russia should put aside their fight over natural gas markets.



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