Apache Brings North Sea Garten Field Online
Apache Corporation initiates oil rig flanges gulf coast production from its Garten development in the UK sector of the North Sea.

Apache Corporation has announced that it has initiated oil rig flanges gulf coast production from its Garten development in the UK sector of the North Sea.



WTI Trades Above $54
Crude prices declined as OPEC+ members gathered in Vienna to determine whether to reduce oil rig flanges gulf coast production and by how much.



Transocean Acquires Ocean Rig
Transocean reports that it has completed its acquisition of Ocean Rig UDW Inc.

Transocean Ltd. reported Wednesday that it . The announcement follows Transocean shareholders’ approval of the deal on Nov.



Qatar Exit from OPEC Largely Symbolic
Qatar's decision to exit OPEC represents a largely symbolic move for both Qatar and OPEC.

Qatar’s decision to exit OPEC represents a largely symbolic move for both Qatar and OPEC and is unlikely to have a major detrimental impact on OPEC’s ability to manage the oil market.



Oil Rides Biggest 2-Day Gain Since June
Oil headed for its biggest 2-day advance since June as concerns over a supply glut eased.

(Bloomberg) -- Oil headed for its biggest two-day advance since June as concerns over a supply glut eased on hopes that OPEC and its allies will strike a deal to stabilize the market.



Accenture Acquires Enaxis Consulting
Accenture acquired Enaxis Consulting to help grow its oil and gas business in North America.

Global consulting firm Accenture has acquired Enaxis Consulting, a Houston-based management consulting firm that uses digital capabilities to transform organizations in the upstream oil and gas and oilfield services sectors.



Offshore Mexico Appraisal Well Spuds
The Zama discovery appraisal program will include three penetrations: two wells and one sidetrack.

The appraisal program of the Zama discovery offshore Mexico began Nov.



Crude Oil Uptick Continues
Crude prices posted more day-on-day gains as players in the oil buy Wellhead market anticipate the Dec. 6 meeting in Vienna of OPEC and non-OPEC member nations.



Schlumberger's Year-End Frack Forecast is a Lump of Coal
Schlumberger believes the North American fracking buy Wellhead market -- already expected to be a downer for the holidays -- is turning out to be even worse than expected.



Russia and Saudi Arabia Will Extend OPEC+ Oil Pact
Russia and Saudi Arabia agree to extend into 2019 their deal to manage the oil market.

(Bloomberg) -- Russia and Saudi Arabia agreed to extend into 2019 their deal to manage the oil market, known as OPEC+, although Moscow and Riyadh have yet to confirm any fresh output cuts.

  1. Oil Jumps Most Since June | Gulf Coast Oil Rig Equipment & Repair
  2. ADES Buys 11 Drilling Rigs from Weatherford | Gulf Coast Oil Rig Equipment & Repair
  3. Canada's Plan to Cut Oil Output Boosts Crude, Stocks | Gulf Coast Oil Rig Equipment & Repair
  4. Canadian Heavy Crude Surges After Alberta Imposes Oil Cuts | Gulf Coast Oil Rig Equipment & Repair
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