Halliburton's Optimism Clouded by Weak End to 2018
Halliburton's optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.



Russia Is Said to Offer Exxon New Projects
Russia is said to offer ExxonMobil new projects as U.S. sanctions loom.

(Bloomberg) -- Russia has begun discussions with Exxon Mobil Corp.



Onshore UK Portland Field Dubbed Commercially Viable
Horse Hill Developments, a UK Oil & Gas subsidiary, considers the Portland oil field to be commercially viable, UKOG has revealed.

Horse Hill Developments (HHDL), a UK Oil & Gas plc (UKOG) subsidiary, considers the Portland oil field to be commercially viable, UKOG has revealed.



$4B Thailand Refinery Contract Awarded
ThaiOil awards refinery expansion contract to consortium of Saipem, Petrofac and Samsung.

ThaiOil, a unit of the Petroleum Authority of Thailand (PTT) Public Co.



Freeport-McMoRan Hires Rowan Jackup for GOM Work
Freeport-McMoran has hired a Rowan jackup for a one-well contract in the US Gulf of Mexico.

Freeport-McMoRan (FCX) has hired a Rowan jackup for a one-well contract in the U.S.



Crude Oil Down for Second Straight Week
The WTI and Brent futures prices finished the day higher Friday but ended the week lower.

The West Texas Intermediate (WTI) and Brent futures prices finished the day higher Friday but ended the week lower, representing the second consecutive down week for the crude oil benchmarks.



US Rig Count Reaches Highest Level in Two-and-a-Half Years
The US adds four rigs this week, making this week's count the highest since March 2015.

U.S. drillers added four rigs this week, bringing the nation’s oil rig count to 873 – an increase of 137 oil rigs from one year ago – according to weekly data compiled by Baker Hughes, a GE Company.



Equinor Sells Tommeliten Discovery Stake
Equinor signs an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf for a total of $220 million.



US, Saudi Tensions Warrant Oil Market Attention
U.S. and Saudi Arabia tensions warrant the oil market's attention, but there is no cause for alarm – yet.

U.S. and Saudi Arabia tensions warrant the oil market’s attention, but there is no cause for alarm – yet.



1 MMbpd Pipeline to Link Permian to Deepwater Ports
JupiterMLP is building a 670-mile oil pipeline linking the Permian to Texas' three deepwater ports.

JupiterMLP, LLC anticipates a November open season for capacity on the 1 million barrel per day (MMbpd) crude oil pipeline it plans to build from the Permian Basin to Brownsville, Texas, the privately held midstream BOP Blow Out Preventer repair company gulf coast announced Wednesday afternoon.

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