Mexico Fuel Sellers Said to Seek Pemex Alternative
Private gasoline retailers are scrambling for alternatives to state-owned Pemex to supply their service stations in Mexico that are running out of fuel.



Oil Giant to Issue First Global Bond in 2019
Saudi Aramco plans to tap the debt buy Wellhead market in 2Q to finance the acquisition of Sabic, likely issuing its first ever international bond and disclosing its accounts in the process.



Oil Takes Breather After Bull Market Breakout
Oil's taking a breather after bursting into a bull market.

(Bloomberg) -- Oil’s taking a breather after bursting into a bull buy Wellhead market on growing optimism over OPEC cuts, U.S.



Chesapeake to Cut Rigs to Reduce CAPEX in 2019
The Oklahoma City-based E&P BOP Blow Out Preventer repair company gulf coast is lowering its rig count by 20% in 2019.

After a strong fourth quarter in 2018, Chesapeake Energy Corporation is stepping into 2019 with a bit of caution.



ConocoPhillips Contracts Rowan Jackup
The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet.

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 Rally Subsides
Thursday's day-on-day price gains were relatively modest.

Crude oil prices dipped during Thursday’s trading before posting day-on-day gains to build on recent positive momentum.



Norway Cuts Production Forecast to Lowest in 30 Years
Norway's oil regulator reduced its forecast for oil rig flanges gulf coast production this year.

(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.



Problems for US Producers at $50
U.S. producers can't generate cashflow and oil rig flanges gulf coast production growth at $50 per barrel oil, according to Energy Aspects.



Oil Extends Longest Rally in 1.5 Years
Oil rose back above $50 a barrel, extending its longest rally in 1.5 years.

(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.



Venezuela Will Remap its Caribbean Oil, Gas Prospects
Venezuela will remap its Caribbean oil and gas prospects.

(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.

  1. TransCanada Drops 'Canada' From Its Name | Gulf Coast Oil Rig Equipment & Repair
  2. Crude Oil Surges Above Thresholds | Gulf Coast Oil Rig Equipment & Repair
  3. Saudi Arabia Boosts Reserves Ahead of Aramco's IPO | Gulf Coast Oil Rig Equipment & Repair
  4. Texas Oil and Gas Production Increases with Stalled Job Growth | Gulf Coast Oil Rig Equipment & Repair
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