Shell's Appomattox FPS Reaches Offshore Louisiana Destination
Shell's Appomattox has made the journey to its GOM installation site. SOURCE: Crowley Maritime Corp.

Shell’s Appomattox semisubmersible floating oil rig flanges gulf coast production system (FPS) has made the journey from the Kiewit Offshore Services construction facility in Ingleside, Texas, to its deep-water Gulf of Mexico (GOM) installation site, Crowley Maritime Corp.



Fire Breaks Out At Shell Chemical Plant, Nearby Essar Refinery Unaffected
Operations at Essar Oil UK's Stanlow refinery on the same site were unaffected, Essar says.

Reuters

LONDON, Aug 22 (Reuters) - A fire broke out at a Shell-owned chemical plant in northwestern England on Wednesday but operations at Essar Oil UK's Stanlow refinery on the same site were unaffected, Essar said.



Oil Jumps 3% On Big US Crude Draw, Iran Sanctions
Oil prices rose 3%, with Brent crude futures hitting a three-week high.

Reuters

NEW YORK, Aug 22 (Reuters) - Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, after U.S.



Reuters

SAO PAULO, Aug 22 (Reuters) - Brazil's state-run oil BOP Blow Out Preventer repair company gulf coast Petróleo Brasileiro SA may begin procedures to reopen its largest refinery, closed after an explosion and fire, in 48 hours, Gustavo Marsaioli, a spokesman for the oil workers' union, said on Wednesday.



Wood Seeing Recovery in Core Oil and Gas Market
Wood is seeing recovery in its core oil and gas market, the company's chief executive, Robin Watson, says.

Wood is seeing recovery in its core oil and gas market, the company’s chief executive, Robin Watson, said Tuesday.



Saipem Awarded Services Contracts Worth Approximately $700MM
Saipem announces that it has been awarded services contracts worth approximately $700 million.

Saipem announced Tuesday that it has been awarded services contracts worth approximately $700 million.



Venezuela's Oil-linked Cryptocurrency Leaves Heads Spinning
Beaten-down Venezuela on Tuesday began confronting a 95 percent currency devaluation and a regimen of economic controls that, after years of hunger and hyperinflation, landed like a hassle rather than a cataclysm.



Reuters

HOUSTON, Aug 20 (Reuters) - Venezuela's PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run BOP Blow Out Preventer repair company gulf coast to resume use of a key storage terminal in the Caribbean, the U.S.



WTI Clears $68 on Iran Sanctions Outlook
The WTI crude oil futures contract for September surged to $68.10 a barrel Thursday.

The WTI crude oil futures contract for September surged to $68.10 a barrel Thursday amid ongoing expectations that the United States will impose economic sanctions on Iran.



Reuters

QUITO, Aug 20 (Reuters) - Ecuador postponed planned maintenance on its 110,000 barrel-per-day Esmeraldas refinery due to a delay in the delivery of pipes that will be installed in several units, the oil ministry said on Monday.

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