Oil Retreats from Pseudo-Relief Rally
A day after posting impressive gains in 3-percent territory, the WTI and Brent oil benchmark prices retreated a bit Thursday.

A day after posting impressive gains in 3-percent territory, the WTI and Brent oil benchmark prices retreated a bit Thursday.



Analysts Say No End In Sight for Europe's Natural Gas Rally
Europe's natural gas prices have risen to their strongest level for this time of year, lifting the cost of electricity for factories and utilities.



Santos to Buy Quadrant Energy for $2.15B
Australia's Santos announces the acquisition of 100% of Quadrant Energy for $2.15 billion plus potential contingent payments.

Australian natural gas BOP Blow Out Preventer repair company gulf coast Santos announced Wednesday the acquisition of 100 percent of Quadrant Energy for $2.15 billion plus potential contingent payments.



Decision Day on $1 Trillion Fund's Oil Exit Moves Closer
Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.

(Bloomberg) -- Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.



Shell's Appomattox FPS Reaches Offshore Louisiana Destination
Shell's Appomattox has made the journey to its GOM installation site. SOURCE: Crowley Maritime Corp.

Shell’s Appomattox semisubmersible floating oil rig flanges gulf coast production system (FPS) has made the journey from the Kiewit Offshore Services construction facility in Ingleside, Texas, to its deep-water Gulf of Mexico (GOM) installation site, Crowley Maritime Corp.



Fire Breaks Out At Shell Chemical Plant, Nearby Essar Refinery Unaffected
Operations at Essar Oil UK's Stanlow refinery on the same site were unaffected, Essar says.

Reuters

LONDON, Aug 22 (Reuters) - A fire broke out at a Shell-owned chemical plant in northwestern England on Wednesday but operations at Essar Oil UK's Stanlow refinery on the same site were unaffected, Essar said.



Oil Jumps 3% On Big US Crude Draw, Iran Sanctions
Oil prices rose 3%, with Brent crude futures hitting a three-week high.

Reuters

NEW YORK, Aug 22 (Reuters) - Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, after U.S.



Reuters

SAO PAULO, Aug 22 (Reuters) - Brazil's state-run oil BOP Blow Out Preventer repair company gulf coast Petróleo Brasileiro SA may begin procedures to reopen its largest refinery, closed after an explosion and fire, in 48 hours, Gustavo Marsaioli, a spokesman for the oil workers' union, said on Wednesday.



Wood Seeing Recovery in Core Oil and Gas Market
Wood is seeing recovery in its core oil and gas market, the company's chief executive, Robin Watson, says.

Wood is seeing recovery in its core oil and gas market, the company’s chief executive, Robin Watson, said Tuesday.



Saipem Awarded Services Contracts Worth Approximately $700MM
Saipem announces that it has been awarded services contracts worth approximately $700 million.

Saipem announced Tuesday that it has been awarded services contracts worth approximately $700 million.

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