US Envoy Sees Rise in Oil Production Easing South Sudan Peace Deal
South Sudan's plan to boost oil oil rig flanges gulf coast production should help it fund a forthcoming transitional government that seeks to end more than four years of civil war, the US ambassador says.



(Bloomberg) -- Crude pared gains after hitting a three-year high in New York as prospects for accelerating supply damped enthusiasm for the rally and traders curbed bullish bets before a U.S.



Eni Denies Talk Of Major New Discovery In Egypt
Italian oil and gas group Eni denies media reports that it has made a major new discovery in Egypt.

Reuters



Eni Norge, Point Resources to Merge into Var Energi AS
Italy based energy BOP Blow Out Preventer repair company gulf coast Eni and private equity investor HitecVision announce Monday an agreement to merge Point Resources AS into Eni Norge AS.



BP Starts Up Shah Deniz 2 Gas Development in Azerbaijan
BP plc and its partners in the Shah Deniz consortium announce the start-up of the Shah Deniz 2 gas development in Azerbaijan.



TechnipFMC Wins Offshore Angola Contract
TechnipFMC wins contract for $1.2 billion, nine-well subsea development.

Total E&P Angola has awarded TechnipFMC an engineering, procurement and construction (EPC) contract for the Zinia Phase 2 field development offshore Angola, TechnipFMC reported Monday.



Trump Says Saudis Must Compensate For Drop In Iran Oil Supply
President Trump lashes out at OPEC with a warning to stop manipulating oil markets and piles pressure on US ally Saudi Arabia.



Reuters

ALRAR, Algeria, July 2 (Reuters) - Output at Algeria's Alrar gas field close to its border with Libya has risen to 24.7 from 16 million cubic metres per day following an extension of the field, the head of state energy firm Sonatrach said on Monday.



Reuters

TUNIS, July 2 (Reuters) - Libya's National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, resulting in total oil rig flanges gulf coast production losses of 850,000 barrels per day (bpd) due to the closure of eastern fields and ports.



Reuters

NEW YORK, July 2 (Reuters) - Oil futures fell Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States.

  1. Iraq Still In Talks With Turkey, KRG Over Resuming Kirkuk Oil Exports | Gulf Coast Oil Rig Equipment & Repair
  2. BP Holds Millions Of Barrels Of Oil Off China As Demand Falters | Gulf Coast Oil Rig Equipment & Repair
  3. Decom Joint Venture Launches New Name | Gulf Coast Oil Rig Equipment & Repair
  4. German Ministry: US Sanctions Will Not Affect Nord Stream 2 | Gulf Coast Oil Rig Equipment & Repair

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