Trump Sanctions Leave Russian Exporters $1B Richer
U.S. President Donald Trump's sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil.

(Bloomberg) -- U.S.



Oil Prices End Volatile Week on Mild Note
WTI and Brent crude oil futures concluded a volatile week of trading with modest gains Friday.

West Texas Intermediate (WTI) and Brent crude oil futures concluded a volatile week of trading with modest gains Friday.



US Adds Six Oil Rigs
After several weeks of declines, the U.S. tacked on an additional six oil rigs.

After several weeks of declines, the U.S. tacked on an additional six oil rigs, according to weekly data from Baker Hughes, a GE Company.



Canada's Oil Industry Needs More Outlets
Canada needs new outlets for its oil production, particularly with such stagnant domestic consumption.

Per BP, Canada produced over 5.2 million b/d in 2018 and was the fourth largest oil producer in the world.



High-Impact Discoveries Already Greater than 2018
16 discoveries estimated to be larger than 100 million barrels of oil equivalent were made in the first half of the year.



Oil Holds Losses on Demand Concerns
Oil held losses as a surprise gain in U.S. crude stockpiles added to deepening concerns over the outlook for global demand.

(Bloomberg) -- Oil held losses as a surprise gain in U.S.



Oil Prices Slide Again
WTI and Brent crude oil finished lower for the second straight trading day.

West Texas Intermediate (WTI) and Brent crude oil finished lower for the second straight trading day.



Iran Oil Tanker Released by Gibraltar
Iran is racing to return an oil supertanker to international waters after a Gibraltar judge said he couldn't wait for the U.S. to take action.



Who Leads the World's E&Ps in Production Growth?
Rystad Energy ranks the world's E&Ps according to their oil rig flanges gulf coast production growth over the last five years.

The world’s exploration and oil rig flanges gulf coast production (E&P) companies use their oil rig flanges gulf coast production growth to leverage the attractiveness of their portfolios to investors.



$7.7B UKCS Project Achieves First Oil
The Mariner field in the U.K. North Sea. PHOTO: Jamie Baikie and Michal Wachucik, Equinor ASA.

Equinor ASA reported Thursday that it, along with its partners, has achieved first oil from the Mariner field on the U.K.

  1. Oil Down as US Stockpiles Rise | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Prices Erase Gains | Gulf Coast Oil Rig Equipment & Repair
  3. Trump Aims to End Methane Curbs Oil Companies Want | Gulf Coast Oil Rig Equipment & Repair
  4. Utgard Start-Up Gets NPD Consent | Gulf Coast Oil Rig Equipment & Repair

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