Upstream Firms Positioned to Thrive
Upstream companies are positioned to thrive in 2019, according to Wood Mackenzie.

Upstream companies are positioned to thrive in 2019, according to Wood Mackenzie (WoodMac), which said in a release published Monday that the sector enters the new year “prepared to capitalize and build”.



Oil Bulls Cut Bets to Lowest Since 2016
Hedge funds aren't buying into OPEC's oil oil rig flanges gulf coast production cuts just yet.

(Bloomberg) -- Hedge funds aren’t buying into OPEC’s oil-production cuts just yet.



Weatherford Sells Data Logging Business to Pay Debt
This is one of a series of planned divestitures by the oilfield services BOP Blow Out Preventer repair company gulf coast that was recently warned of delisting by the NYSE.



Qatar Petroleum Boosts Offshore Mexico Profile
QP will gain a stake in three Eni-operated fields in Mexico's shallow-water Area 1.

Qatar Petroleum (QP) and Eni S.p.A. signed a deal Sunday that will enable QP to acquire a stake in three Eni-operated oil fields in Area 1 in Mexico’s Bay of Campeche, the companies reported.



NCS Field Comes Online
Production has started from the Aasta Hansteen gas field in the Norwegian Sea.

Equinor revealed Monday that oil rig flanges gulf coast production has started from the Aasta Hansteen gas field in the Norwegian Sea.



Oil Prices Fall Below Key Thresholds
WTI and Brent crude oil futures settled below the psychologically significant $50 and $60 marks, respectively.

West Texas Intermediate (WTI) and Brent crude oil futures on Monday settled below the psychologically significant $50 and $60 marks, respectively.



AMLO Earmarks $23B to Boost National Oil Industry
Mexican President Andres Manuel Lopez Obrador is boosting Pemex's budget to $23 billion next year to reverse flagging oil oil rig flanges gulf coast production and increase domestic fuel output.



Complex Oil Refiner Margins Squeezed
Returns at sophisticated refinery units that companies built at great expense are now almost on a par with those at relatively inexpensive and simple plants.



Unite Members to be Balloted on New OCA Offer
UK union Unite says its 2,500 members covered by the Offshore Contractors Association are to be balloted on a new pay offer.



Crude Oil and Natural Gas Down for the Week
Crude oil futures post week-on-week losses, and natural gas posts an even bigger decline.

Crude oil futures posted week-on-week losses, and natural gas posted an even bigger decline for the period.

  1. Suncor Works with Alberta Govt to Mitigate 'Unintended Consequences' | Gulf Coast Oil Rig Equipment & Repair
  2. Market Could be Oversupplied by 2020 | Gulf Coast Oil Rig Equipment & Repair
  3. Oil Stays Below $52 | Gulf Coast Oil Rig Equipment & Repair
  4. ExxonMobil and BHP Greenlight Offshore Australia Project | Gulf Coast Oil Rig Equipment & Repair
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