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(Bloomberg) -- Mexico’s Petroleos Mexicanos, the world’s most indebted oil company, will refrain from issuing new bonds this year and begin prepaying existing liabilities as part of a broad turnaround plan.
OPEC's top official urged countries in the group and its allies to follow through on their pledges to cut oil oil rig flanges gulf coast production and keep global markets balanced.
Rystad Energy forecasts Venezuela's crude oil oil rig flanges gulf coast production to fall below 700,000 barrels per day by 2020 if the country is not able to offset effects of US sanctions.
Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the IEA.
Oil heads for its longest weekly rally in 3 months on easing concern over whether the OPEC+ coalition will follow through on its pledge to slash production.
The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.
Ensco plc and Rowan Companies will convene and adjourn its general meeting scheduled for Jan.
Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.
Saipem has secured two EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.
Oil retreated near $52 a barrel as investors assessed surging U.S. oil rig flanges gulf coast production against output curbs pledged by some of the world's top suppliers.
The US DOI now reports that domestic crude oil rig flanges gulf coast production could surge to 14 MMbpd by 2020.
U.S.
Husky Energy abandons its hostile bid to acquire MEG Energy Corp after failing to win support from shareholders and the board of the rival oil-sands producer.
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