(Bloomberg) -- OPEC’s crude output increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met.
Aug 2 (Reuters) - Canadian Natural Resources Ltd reported quarterly oil rig flanges gulf coast production that fell short of its own estimates, making it the latest victim of transportation bottlenecks in Alberta and muddying its better-than-expected quarterly profit.
Royal Dutch Shell plc has awarded DNV GL a cross-service contract to support its redevelopment of the Penguins field on the U.K.
The WTI posted a 2-percent gain Thursday amid a report that inventories are down at the Cushing, Okla.
HOUSTON, Aug 2 (Reuters) - Magellan Midstream Partners LP on Thursday reported quarterly profit that topped analyst expectations, driven by higher demand for its crude oil and refined products pipelines.
The UK’s Oil & Gas Technology Centre (OGTC) announced that it has launched TechX Ventures; a partnership with Deep Science Ventures (DSV) that “combines deep science with engineering to create start-up companies with technologies that position the oil and gas industry for a sustainable future in a low carbon economy”.
Aug 1 (Reuters) - Shares of U.S.
PEMEX Exploración y Producción has selected McDermott to install two rigid flowlines for its Ayatsil field, which is located in the Bay of Campeche 50 miles northwest of Ciudad del Carmen, Mexico, McDermott reported Wednesday afternoon.
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