Crude Benchmark Nears $85
Although crude oil prices settle lower, bullish sentiment continues.

A day after settling just two cents shy of the $85 mark, the Brent futures contract on Tuesday again failed to end trading above that threshold.



Permian Needs $300B in CAPEX for Growth through 2023
A new report by consulting firm Arthur D. Little finds that U.S. independents will need to adjust their business models to keep up with forecasted growth in the Permian.



(Bloomberg) -- YPF SA, Argentina’s state-run energy producer, is closing the tap on some of its natural gas wells as the nation’s second recession in three years curbs demand, according to people with direct knowledge of the matter.



PDO for $1.2B Nova Project Gets Green Light
Wintershall Norge reveals that the plan for development and operation for the Nova project has been approved by Norway's Ministry of Petroleum and Energy.



Husky Makes $2.6B Hostile Bid for MEG Energy
Husky Energy has made a $2.6 billion hostile bid for MEG Energy Corp.

(Bloomberg) -- Husky Energy Inc. made a C$3.3 billion ($2.6 billion) hostile bid for MEG Energy Corp.



Oilfield Service Firms' Optimism Declines in Third Quarter
The Dallas Fed's quarterly energy survey reveals a dip in the business activity index for oilfield service companies.

The business activity index for oilfield service companies took a dip in the third quarter, according to data released Oct.



Thailand Olefins Project Goes to McDermott
MOC has awarded McDermott a spacer spools adapter spools technology contract for a petrochemical plant in Thailand's Rayong province.

Map Ta Phut Olefins Co.



Shell, Partners Approve $31 Billion Project to Speed Gas to Asia
Shell and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada.

(Bloomberg) -- Royal Dutch Shell Plc and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada -- the largest new one of its kind in years that would carve out the fastest route to Asia for North American gas.



Power to the Permian? Spotty at Best, Outrun by Shale Boom
The Permian Basin has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up.



Wintershall and DEA to Merge
BASF and LetterOne sign an agreement to merge their respective oil and gas businesses.

BASF and LetterOne have signed an agreement to merge their respective oil and gas businesses.

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