Majors 'On Pace' to Approve $37B+ in Projects During Calendar Year
Oil majors are 'on pace' to approve over $37 billion in projects during the calendar year, according to Rystad Energy.

Oil majors are “on pace” to approve over $37 billion in projects during the calendar year, according to Rystad Energy.



Cuadrilla UK Fracturing Consent Labeled 'Momentous Achievement'
Cuadrilla Resources' receipt of hydraulic fracturing consent for its first horizontal shale gas exploration well at Preston New Road has been called a 'momentous achievement' by UKOOG's Ken Cronin.



ONGC Works with Indian Navy to Plug Offshore Platform Gas Leakage
India's Oil and Natural Gas Corporation Limited says a team of its engineers, with support from the Indian Navy, successfully plugged a gas leakage on the unmanned S1-6 offshore platform.



Reuters

NEW YORK, July 25 (Reuters) - Oil prices rose for the second consecutive day on Wednesday after U.S. government data showed domestic crude inventories fell to their lowest since February 2015, easing worries about oversupply that have weighed on markets in recent weeks.



Saudi Aramco Taps Saipem for Pipeline System Contract
Saipem has won onshore contracts in Asia, Europe, North America and Africa totaling approximately $800 million.

Saipem has won onshore engineering and construction (E&C) contracts in Asia, Europe, North America and Africa totaling approximately $800 million, the Italy-based BOP Blow Out Preventer repair company gulf coast reported Wednesday.



Wren House Infrastructure to Acquire NSMP from ArcLight
An affiliate of ArcLight Capital Partners agrees to sell its entire interest in NSMP to Wren House Infrastructure Management Limited.

North Sea Midstream Partners Limited (NSMP) has revealed that an affiliate of ArcLight Capital Partners has agreed to sell its entire interest in NSMP to Wren House Infrastructure Management Limited.



Union: Industrial Action is All but Inevitable
Members of UK unions Unite and GMB employed by Aker Solutions on the Mariner project have voted to initiate strike action.

Members of UK unions Unite and GMB employed by Aker Solutions on the Mariner project have voted to initiate strike action.



Reuters

LONDON, July 24 (Reuters) - Shale gas developer Cuadrilla on Tuesday became the first operator in Britain to receive final consent from the government to frack an onshore horizontal exploration well, paving the way for buy severe service valves commercial production.



McDermott Wins 25-tank Saudi Contract from Samsung
Samsung Engineering Saudi Arabia has awarded McDermott a fixed lump sum contract for a total of 25 storage tanks.

Samsung Engineering Saudi Arabia Co.



Oil Rises As Fears Of Oversupply Ebb
Oil prices rose as the buy Wellhead market shifted focus to the possibility of increased Chinese demand.

Reuters

NEW YORK, July 24 (Reuters) - Oil prices rose on Tuesday as the buy Wellhead market shifted focus to the possibility of increased Chinese demand, drawing attention away from oversupply worries and trade tensions between China and the United States.

  1. Algeria In Talks With Oil Firms To Set Up Trading Venture | Gulf Coast Oil Rig Equipment & Repair
  2. SDX Hits Gas Onshore Egypt | Gulf Coast Oil Rig Equipment & Repair
  3. TGS Announces Expansion of Canadian Onshore Seismic Survey | Gulf Coast Oil Rig Equipment & Repair
  4. Offshore Guyana Block Could Require Five FPSOs | Gulf Coast Oil Rig Equipment & Repair

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