EIA: US Crude, Natural Gas Output At Multi-Year Records In October
US crude oil oil rig flanges gulf coast production in October rose to the highest in more than 46 years, while natural gas oil rig flanges gulf coast production leaped to a new record.



Dallas Fed: Energy Firms Have More Positive Outlook in 4Q
The Dallas Fed's recent energy survey shows an optimistic outlook and less uncertainty among energy firms.

The business activity index continues to rise in the 4Q, according to oil and gas executives who responded to the Federal Reserve Bank of Dallas (Dallas Fed) latest quarterly energy survey, released Dec.



Ineos Sees Forties Oil Flows Back To Normal Around New Year
Britain's biggest and most important oil and gas pipeline Forties should resume normal flows around the new year.

Reuters

LONDON, Dec 28 (Reuters) - Britain's biggest and most important oil and gas pipeline Forties should resume normal flows around the new year, slightly earlier than previously flagged, its operator Ineos said on Thursday.



Reuters

WASHINGTON, Dec 28 (Reuters) - The U.S. Interior Department on Thursday proposed eliminating some safety regulations for offshore oil and gas drilling that the Obama administration put in place after BP's massive Gulf of Mexico oil spill, a move it said would reduce "unnecessary burdens" on industry.



(Bloomberg) -- Oil was little changed in New York as traders shrugged off declining U.S. stockpiles and kept eyes on two key pipelines set to resume normal operations soon.



CARACAS, Dec 28 (Reuters) - Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday.



All That New Shale Oil May Not Be Enough as Big Discoveries Drop
Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand.

(Bloomberg) -- Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects.



New OGTC Venture 'Very Likely' to Create Oil Jobs
Aberdeen, North East Scotland and other regions across the UK could see new jobs as part of the OGTC's latest offering.

The Oil & Gas Technology Center’s (OGTC) latest endeavor is ‘very likely’ to create new oil industry jobs in Aberdeen, North East Scotland and other regions across the UK over the next decade, an Aberdeenshire Council representative has suggested.



Reuters

CALGARY, Alberta, Dec 27 (Reuters) - Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fuelled by supply outages in Libya and the North Sea ran out of momentum.



BSEE: Italy's Eni Begins Drilling Oil Well In Alaska's Beaufort Sea
Eni this week began drilling a new well in US waters off the north coast of Alaska, becoming the first BOP Blow Out Preventer repair company gulf coast to do so since 2015, federal regulators say.

  1. Output At Lundin's Grieg Field Back To Normal After Forties Outage | Gulf Coast Oil Rig Equipment & Repair
  2. Global Conventional Discoveries Hit Record Low | Gulf Coast Oil Rig Equipment & Repair
  3. Asian LNG Spot Prices Jump On Chinese, Japanese Demand | Gulf Coast Oil Rig Equipment & Repair
  4. Ukraine And Russia Both Claim Victory In Gas Dispute | Gulf Coast Oil Rig Equipment & Repair

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