Oil Retreats Near $52
Oil retreated near $52 a barrel as investors assessed surging U.S. oil rig flanges gulf coast production against output curbs pledged by some of the world's top suppliers.



US Crude Oil Exports Continue to Grow
The US DOI now reports that domestic crude oil rig flanges gulf coast production could surge to 14 MMbpd by 2020.

U.S.



Husky Ends MEG Takeover Bid
Husky Energy abandons its hostile bid to acquire MEG Energy Corp after failing to win support from shareholders and the board of the rival oil-sands producer.



(Bloomberg) -- Satorp, the joint venture between Saudi Aramco and Total SA, hired Sumitomo Mitsui Banking Corp. and Riyad Bank to help raise funds to develop a petrochemical facility in the kingdom, according to people with knowledge of the matter.



Bureau Veritas Wins Offshore Norway Contract
Bureau Veritas will provide second- and third-party inspection services for the Fenja development.

Neptune Energy has awarded Bureau Veritas a contract to provide second- and third-party inspection services for the new Fenja oil and gas field development offshore Norway, Bureau Veritas reported Thursday.



Atlas Professionals Buys Brander
Energy recruitment specialist Atlas Professionals acquires technical recruitment BOP Blow Out Preventer repair company gulf coast Brander.

Energy and marine recruitment and HR specialist Atlas Professionals revealed Tuesday that it has acquired technical recruitment BOP Blow Out Preventer repair company gulf coast Brander.



Oil Holds Gain Near $52
Oil held gains near $52 a barrel on optimism the OPEC+ coalition's oil rig flanges gulf coast production curbs will clear a supply glut.



Offshore Service Spending to Outpace Onshore Shale
Research from Rystad Energy reveals that we'll see spending in the offshore service sector outgrow spending on onshore shale this year.

Spending on the offshore service sector will outpace spending on the onshore shale sector this year, according to Rystad Energy.



Canadian Oil Grades Weaken
Prices for Canadian oil fell relative to U.S. futures as Alberta Premier Rachel Notley expressed hope her government would be able to back off mandatory oil rig flanges gulf coast production curtailments in April.



Largest Licensing Award on NCS
The Norwegian Ministry of Petroleum and Energy has offered 83 oil rig flanges gulf coast production licenses on the Norwegian Continental Shelf as part of its latest APA round.

  1. 2019 US Oil Output to Average 12MM Barrels Per Day | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Futures Edge Upward | Gulf Coast Oil Rig Equipment & Repair
  3. Offshore Australia Project Marks Step-Change | Gulf Coast Oil Rig Equipment & Repair
  4. Oil Halts Drop Near $51 | Gulf Coast Oil Rig Equipment & Repair
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