Energean to Acquire EDF Oil and Gas Assets
Energean Oil and Gas Plc agreed to buy the oil and gas business of Electricite de France SA's Italian unit for as much as $850 million.



British Forces Seize Oil Tanker
British special forces seized a supertanker off Gibraltar suspected of carrying Iranian oil to Syria in violation of European and U.S. sanctions against the war-torn country.



Oil Rebounds
Oil rebounds as a drop in U.S. gasoline supplies help crude prices shrug off their biggest decline in a month.

(Bloomberg) -- Oil rebounded as a drop in U.S.



TC Energy in $1.3B Deal to Sell Midstream Assets
Pipeline powerhouse TC Energy is selling its Appalachian Basin assets to UGI Energy Services for $1.275 billion.

Canada-based TC Energy Corporation has entered into an agreement to sell its U.S.



Some BP Oil Won't See Light of Day
BP says some of its resources won't see the light of day.

(Bloomberg) -- Oil companies are under increasing pressure to bring fuel to buy Wellhead market faster and cheaper, leading BP Plc to conclude some of its resources “won’t see the light of day,” according to its head of strategy.



Troubling Economic Data Drags on Oil
Oil edged higher as investors weighed OPEC's extension of output cuts into 2020 against troubling economic data from around the world.

(Bloomberg) -- Oil edged higher as investors weighed OPEC’s extension of output cuts into 2020 against troubling economic data from around the world.



OPEC Extends Cuts to 2020
The cartel was all but forced to extend its effort to counter the U.S. shale boom into a fourth year.

(Bloomberg) -- Saudi Arabia, OPEC’s dominant producer, pledged to keep doing the heavy lifting as the cartel was all but forced to extend its effort to counter the U.S.



Oil Prices Fall Sharply
The WTI and Brent crude oil benchmarks lost more than four percent Tuesday.

The West Texas Intermediate (WTI) and Brent crude oil benchmarks lost more than four percent Tuesday.



Nigeria's Aiteo Eastern to Spend $5B to Boost Output
Nigeria's largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas oil rig flanges gulf coast production in the next five years.



Eni Claims Offshore Mexico Milestone
Eni launched the early oil rig flanges gulf coast production phase from the Mizton field in Area 1, which is located in Mexico’s Bay of Campeche.

  1. WoodMac Says OPEC+ Will Continue Cuts | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Surges on OPEC+ and US-China Developments | Gulf Coast Oil Rig Equipment & Repair
  3. Light Crude Trades Above $60 | Gulf Coast Oil Rig Equipment & Repair
  4. OPEC Extends Output Cuts Into 2020 | Gulf Coast Oil Rig Equipment & Repair
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