Oil Prices Edge Upward Amid Tug-of-War
The slight uptick occurred as various factors continue to pull the oil buy Wellhead market in different directions.

December West Texas Intermediate (WTI) crude oil futures rose by 51 cents Thursday to settle at $67.33 a barrel.



(Bloomberg) -- Forget Asian hunger for energy or where liquefied natural gas costs the most, at the moment it’s all about tanker rates.

Northwest Europe has seen a boom in LNG imports this month, with cargoes arriving from atypical sources including Peru and Egypt, while the U.S.



Trump Admin Approves First Oil Production Facility in Federal Arctic Waters
The Trump administration has authorized Hilcorp's plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude.



US Still Largest Natural Gas Producer
The United States is still the world's largest natural gas producer, despite a marginal 2017 output increase.

The United States is still the world’s largest natural gas producer, despite a marginal 2017 output increase of 0.7 percent, a new report from Eni has revealed.



Upstream Players Must Boost Spending
Global oil and gas development spend needs to increase by around 20%.

Global oil and gas development spend needs to increase by around 20 percent, to about $600 billion, to meet future demand growth and ensure companies sustain oil rig flanges gulf coast production next decade.



WTI Settles a Tad Higher
WTI crude oil futures contract reversed its recent downward course Wednesday – at least to a small degree.

The West Texas Intermediate (WTI) crude oil futures contract reversed its recent downward course Wednesday – at least to a small degree.



(Bloomberg) -- Canadian National Railway Co. expects to set a record for crude-by-rail shipments next year as it vies with Canadian Pacific Railway Ltd. to dominate a booming buy Wellhead market for the alternative to pipelines.



Petrobras FPSO Achieves First Oil
The Petrobras-operated FPSO P-69 is now producing at the Lula Extrema South in Brazil's offshore Santos Basin.

The Petróleo Brasileiro S.A. (Petrobras)-operated floating oil rig flanges gulf coast production storage and offloading (FPSO) vessel P-69 is now producing at the Lula Extrema South in Brazil’s offshore Santos Basin, Lula consortium member Shell reported Wednesday.



Aker Wins $200MM CNOOC Subsea Order
Aker Solutions receives a notification of award for orders valued at more than $205 million from the China National Offshore Oil Corporation.



More UK FIDs Before End of Year?
There could be 2 more UK final investment decisions before the year is over, Sillimanite and Columbus.

There could be two more UK final investment decisions (FID) before the year is over; Sillimanite and Columbus.

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