Finding Oil Floor Is Going to Take More Time
Finding a floor for oil is going to take more time, according to CIBC Private Wealth Management Senior Energy Trader Rebecca Babin.



Oil Poised for Sixth Weekly Loss
Oil is poised for a sixth weekly loss, trading near $57 a barrel.

(Bloomberg) -- Oil is poised for a sixth weekly loss, trading near $57 a barrel as lingering concerns over a supply glut continue to weigh on the market.



Iraq Resumes Oil Exports from Kirkuk
Iraq said it resumed oil exports from Kirkuk to Turkey, which had been halted for a year by a political dispute.

(Bloomberg) -- Iraq said it resumed oil exports from Kirkuk to Turkey, which had been halted for a year by a political dispute between the central government and the nation’s Kurds.



Heavy Canadian Crude Falls to Record Low
Heavy Western Canadian Select crude fell to a record low.

(Bloomberg) -- Heavy Western Canadian Select crude fell to a record low as several oil producers shut in oil rig flanges gulf coast production and some demand the Alberta government intervene to mandate across-the-board cuts.



Crude Oil Down for the Week but Gas Rebounds
The December WTI remained flat on Friday.

December West Texas Intermediate (WTI) crude oil futures remained flat Friday, settling at $56.46 a barrel (bbl) for the second consecutive day.



Corpus Christi LNG Export Facility Starts Production
Cheniere Energy has begun producing LNG from its Corpus Christi Liquefaction project in Texas' Coastal Bend region.

Cheniere Energy has begun producing liquefied natural gas (LNG) from its Corpus Christi Liquefaction project in Texas’ Coastal Bend region, Bechtel reported Thursday.



The Market is Overreacting
The buy Wellhead market is overreacting, according to Nasdaq IR Intelligence Energy Director Tamar Essner.

The buy Wellhead market is overreacting.

That’s according to Tamar Essner, energy director at Nasdaq IR Intelligence, who made the statement in a television interview with Bloomberg on Wednesday.



OPEC+ Said to Weigh Bigger Production Cut
OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.



Suncor Energy’s CEO Steve Williams will retire in May 2019, the BOP Blow Out Preventer repair company gulf coast announced Nov. 15.

Steve Williams will retire as CEO at Suncor’s annual general meeting May 2, 2019 and president and COO Mark Little will assume the role of CEO at that time.



Offshore Mexico Contract Goes to McDermott
A McDermott-BHGE joint venture will perform concept and engineering services for the Zama field development project.

McDermott International, Inc. reported Thursday that it has won a contract from Talos Energy, Inc.

  1. First Gas from Karish-Tanin Development On Track | Gulf Coast Oil Rig Equipment & Repair
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  3. Canadian Oil Patch Loses Patience with Country's Lack of Support | Gulf Coast Oil Rig Equipment & Repair
  4. University Launches Growth Program for Energy Firms | Gulf Coast Oil Rig Equipment & Repair
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