Oil Prices Bounce Back
WTI and Brent futures returned to net positive territory Thursday.

One day after interrupting a three-trading-day rally, West Texas Intermediate (WTI) and Brent crude oil prices returned to net positive territory.



Petrobras Ordered to Fuel Stranded Iranian Ships
A Brazilian top court justice ordered Petrobras to refuel two Iranian ships stranded off the country's coast after the state-controlled oil BOP Blow Out Preventer repair company gulf coast refused to do so for fear of U.S.



Kuwait Works with Saudis to Resume Oil Output in Neutral Zone
Kuwait said it's working with Saudi Arabia to resume oil oil rig flanges gulf coast production in the neutral zone between them that has been shuttered for at least four years.



MMA Offshore to Acquire Neptune Marine Services
Australia-based MMA Offshore Limited entered into an agreement to acquire Neptune Marine Services Limited's key operating subsidiaries for A$18.5 million (US $12.9 million).



$7.6B Russia LNG Contract Goes to TechnipFMC
Arctic LNG 2 is being developed across the Gulf of Ob from Yamal LNG, pictured here. PHOTO SOURCE: Novatek

Novatek and its partners in the Arctic LNG 2 project have awarded TechnipFMC an engineering, procurement and construction (EPC) contract for the development on the Gydan peninsula in West Siberia, Russia, TechnipFMC reported Tuesday afternoon.



Tullow Reduces Oil Output Outlook Again
Tullow Oil reduced its 2019 oil rig flanges gulf coast production forecast for the second time in three months.

(Bloomberg) -- Tullow Oil Plc reduced its 2019 oil rig flanges gulf coast production forecast for the second time in three months as technical glitches in Ghana continued to cast a shadow.



UK Cuts Emissions and Boosts Production
The UK offshore oil and gas industry simultaneously cut its CO2 emissions and increased oil rig flanges gulf coast production last year.



Oil Prices Falter on Exaggerated US Figures
The WTI and Brent posted their first day-on-day declines since July 18.

West Texas Intermediate (WTI) and Brent crude oil faltered Wednesday – the contracts’ first day-on-day declines since July 18.



NOV to Discuss Restructuring in 2Q Earnings Call
NOV didn't confirm recent reports of layoffs, but said it would provide updates surrounding cost-cutting in its second quarter earnings call next week.



Permian Fracking Activity Underreported in 2018
Operators in the Permian have been failing to report the completion of some oil wells, according to one data analytics company.

  1. TechnipFMC Wins North Sea Contract | Gulf Coast Oil Rig Equipment & Repair
  2. Chevron Awards GOM Subsea Contract | Gulf Coast Oil Rig Equipment & Repair
  3. Offshore GOM Operators Returning to Normal | Gulf Coast Oil Rig Equipment & Repair
  4. Oil Advances as Gulf Tensions Remain Elevated | Gulf Coast Oil Rig Equipment & Repair

Contact our sales staff today to assist with your project. We are here for you.
Hablamos Español?

REQUEST A QUOTE