UPDATE: Norway Oil Workers And Employers Agree Deal, Strike Ends
Owners of Norwegian oil rigs are considering imposing a lockout on workers as a high-stakes gamble to try to end a strike by almost 1,600 staff that began last week.



The Abu Dhabi National Oil Company (ADNOC) announced Thursday that it has awarded contracts worth $1.6 billion (AED 5.88 billion) to a China National Petroleum Company (CNPC) affiliate for “the world’s largest continuous 3D onshore and offshore seismic survey”.



Brent Slips As Focus Returns To Oversupply
Global benchmark Brent crude dipped as concerns about mounting supply returned after a brief rally earlier in the session.

Reuters



Reuters

UNITED NATIONS, July 19 (Reuters) - Russia and China on Thursday delayed a U.S. push for a U.N. Security Council committee to order a halt to refined petroleum exports to North Korea, asking for more detail on a U.S.



Saudi Arabia Says It Won't Oversupply Global Oil Market
Saudi Arabia rejected concerns that it's planning to oversupply global oil markets and said it will actually trim crude exports next month.



BHP: Exit Process for Onshore US Assets Progressing to Plan
BHP says the exit process for its onshore US assets is 'progressing to plan'.

BHP revealed Wednesday that the exit process for its onshore US assets is “progressing to plan”.



Oil & Gas UK: Industry Must Hold Firm in 'Relentless' Pursuit of Efficiency
Preventing oil rig flanges gulf coast production losses and improving efficiency is a 'vital cog' in efforts to maximize economic recovery from the UK Continental Shelf, says Oil & Gas UK.



Reuters

DUBAI, July 18 (Reuters) - The Iranian-aligned Houthi movement in Yemen said it had attacked a Saudi Aramco refinery in Riyadh on Wednesday using a drone, as the oil BOP Blow Out Preventer repair company gulf coast said it had contained a limited fire at the plant.



Reuters

LONDON, July 18 (Reuters) - Azerbaijan's Socar is refocusing its trading arm's activities on LNG and its new Turkish refinery while winding down less profitable trades as it feels the sting of weak profits, sources familiar with the matter said.



US Crude Oil Output Hits 11 Million bpd For First Time Ever
US crude oil oil rig flanges gulf coast production last week hit 11 million barrels per day (bpd) for the first time in the nation's history.

  1. Security Issues Continue to Plague Libya's Oil-Supply Growth | Gulf Coast Oil Rig Equipment & Repair
  2. Crude Edges Up as Fuel Supply Drop Outweighs Rising Crude Stocks | Gulf Coast Oil Rig Equipment & Repair
  3. Electricity Investments Surpass Oil, Gas for Second Year Running - IEA | Gulf Coast Oil Rig Equipment & Repair
  4. Azeri Oil Fund SOFAZ Reports 9% Rise In Assets To $38.04B | Gulf Coast Oil Rig Equipment & Repair

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