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.



TechnipFMC Wins North Sea Contract
Neptune Energy has awarded TechnipFMC an iEPCI contract for the Seagull project in the Central North Sea.

Neptune Energy has awarded TechnipFMC an integrated engineering, procurement, construction and installation (iEPCI) contract for the Seagull project in the Central North Sea, TechnipFMC reported Monday.



Chevron Awards GOM Subsea Contract
The 20-year contract covers subsea equipment and services. IMAGE SOURCE: Schlumberger

Chevron U.S.A. Inc. has awarded Schlumberger subsidiary OneSubsea a 20-year subsea equipment and services master contract for the Gulf of Mexico (GOM), Schlumberger reported Tuesday.



Offshore GOM Operators Returning to Normal
Offshore oil and gas operators in the Gulf of Mexico are resuming normal operations following tropical storm Barry.

Offshore oil and gas operators in the Gulf of Mexico (GOM) are resuming normal operations following tropical storm Barry, according to the Bureau of Safety and Environmental Enforcement (BSEE).



Oil Advances as Gulf Tensions Remain Elevated
Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker.

(Bloomberg) -- Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan fell after an unidentified group reportedly shut the country’s largest field.



Oil Advances Most in a Week
Oil rises the most in more than a week as Iran's seizure of a British oil tanker fuels concerns about escalating tensions in the Middle East.



Icahn Slams Oxy, CEO's Warren Buffet Deal
Occidental's leaders hastily put together its $38B deal for Anadarko in a job-preserving bid to stave off a takeover itself, according to activist investor Carl Icahn.



Libya Oil Production Set to Recover
Libyan oil oil rig flanges gulf coast production is set to recover from a five-month low as the North African supplier's biggest field restarts following a brief halt.

  1. Oil Leaps as Persian Gulf Tensions Increase | Gulf Coast Oil Rig Equipment & Repair
  2. US Drops Five Oil Rigs | Gulf Coast Oil Rig Equipment & Repair
  3. Scotland Boosts Decommissioning Fund | Gulf Coast Oil Rig Equipment & Repair
  4. Brazil Leads Upcoming FPSO Growth | Gulf Coast Oil Rig Equipment & Repair

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