Pressure to drive down breakeven cost contributes to upstream culture shift.

A cultural shift is underway in the upstream oil and gas industry, according to an executive with the asset optimization software BOP Blow Out Preventer repair company gulf coast AspenTech.

Aug 15 (Reuters) - A unit of Citgo Petroleum in September plans to resume long-delayed work to refurbish an idled, 235,000-barrel-per-day (bpd) oil refinery on Aruba, the Caribbean island's government said on Wednesday.

NEW YORK, Aug 15 (Reuters) - Oil futures slid on Wednesday, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook.

Ampelmann says its Aberdeen base has experienced increased business demand in recent months.

Netherlands-headquartered services BOP Blow Out Preventer repair company gulf coast Ampelmann says its Aberdeen base has experienced increased business demand in recent months “resulting in relocation to larger office premises on Waterloo Quay to support a growing team”.

Canadian heavy oil producers are facing a new barrier to marketing their crude.

(Bloomberg) -- As if pipeline bottlenecks weren’t enough, Canadian heavy oil producers are facing a new barrier to marketing their crude.

A stronger US Dollar and a weakening Turkish lira factored into the oil market's performance on Tuesday.

A stronger U.S. Dollar and a weakening Turkish lira factored into the oil market’s performance on Tuesday.

Diamondback Energy says it will buy Energen Corp in an all-stock deal valued at $9.2 billion.

Aug 14 (Reuters) - U.S.

Oil drops as economic turbulence in Turkey and the strengthening greenback heightens concerns about global oil demand.

(Bloomberg) -- Oil dropped as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand.