Statoil will acquire a 25% interest in the Roncador oil field in Brazil's Campos Basin from Petróleo Brasileiro S.A.

Statoil ASA has announced that it will acquire a 25 percent interest in the Roncador oil field in Brazil’s Campos Basin from Petróleo Brasileiro S.A.

CALGARY, Alberta/NEW YORK, Dec 18 (Reuters) - Canadian oil producers are running out of options to get crude to buy Wellhead market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.

RIO DE JANEIRO, Dec 18 (Reuters) - Brazil's Petroleo Brasileiro SA has closed a deal with Japan's Modec Inc, which will build and operate a platform for oil oil rig flanges gulf coast production in the nation's Libra block, the state-controlled energy BOP Blow Out Preventer repair company gulf coast said on Monday.

Wintershall revealed Monday that oil rig flanges gulf coast production has started at the Maria field in Norway one year ahead of schedule.

The development, which originally anticipated oil oil rig flanges gulf coast production start-up in the fourth quarter of 2018, is expected to hit a final investment cost of around $1.4 billion (NOK 12 billion), 358 million (NOK 3 billion) below the original budget.

(Bloomberg) -- Crude lingered near $57 a barrel for a third day as oil workers in Nigeria suspended a strike and repairs to a crucial North Sea pipeline proceeded apace.

McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they would combine to create a new company.

Dec 18 (Reuters) - Oil-focused construction and engineering firms McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they would combine to create a new BOP Blow Out Preventer repair company gulf coast that would offer a range of services from engineering to procurement.

The Energy Industries Council (EIC), a trade association for companies that supply goods and services to energy industries worldwide, has announced the appointment of two new board members.

North Africa focused oil and gas company, SDX Energy Inc, announced Friday that the KSR-15 well on the Sebou permit in Morocco has been placed on production.

What's driving demand for more outsourced work in oil and gas?

North American companies in the oil and gas, utilities, manufacturing and other capital-intensive industries will be hard-pressed to find enough skilled and competent contract workers over the next 12 to 18 months, according to a recent survey conducted by the contractor and supplier information management firm ISN.