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ConocoPhillips Skandinavia AS (COPSAS) has awarded Rowan Companies plc a contract for the Rowan Norway N-class ultra-harsh environment jackup, Rowan reported Thursday.
Crude oil prices dipped during Thursday’s trading before posting day-on-day gains to build on recent positive momentum.
(Bloomberg) -- Norway’s oil regulator reduced its forecast for oil rig flanges gulf coast production this year, predicting crude output could drop to the lowest in three decades before recovering in 2020.
(Bloomberg) -- Oil rose back above $50 a barrel, extending its longest rally in 1 1/2 years as global risk assets were buoyed by the prospect of a thaw in trade tensions between the world’s biggest economies.
(Bloomberg) -- Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.
(Bloomberg) -- TransCanada Corp. is taking the Canada out of its name.
The Calgary-based firm that was created in 1951 as TransCanada Pipelines Ltd. to bring natural gas to Eastern Canada from Alberta, will change its name to TC Energy in the second quarter.
Crude oil futures posted impressive gains Wednesday, with the West Texas Intermediate (WTI) and Brent benchmarks settling above the psychologically important $50 and $60 thresholds, respectively.
(Bloomberg) -- Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago, saying its reserves total 268.5 billion, slightly more than the 266.3 billion figure that the government published previously.
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