Texas Oil and Gas Production Increases with Stalled Job Growth
A report from TIPRO shows that Texas crude oil and natural gas oil rig flanges gulf coast production in 2018 continued to rise despite job growth being flat in November.



Oil Holds Above $48
Oil held gains after its longest rally in almost 1.5 years.

(Bloomberg) -- Oil held gains after its longest rally in almost 1 1/2 years on optimism the world’s two largest economies would reach a trade deal and an American crude build-up might slow.



BP Okays $1.3B Expansion in Gulf of Mexico
The supermajor has given the greenlight to the Atlantis Phase 3 development, which is expected to boost oil rig flanges gulf coast production by 38,000 boepd.



Canadian Crude Surges
Heavy Canadian crude surges to the strongest level in more than a year.

(Bloomberg) -- Heavy Canadian crude surged to the strongest level in more than a year as rail shipments keep rising even as oil rig flanges gulf coast production was curtailed.



(Bloomberg) -- China’s crude oil purchases from the Middle East and West Africa dropped to a four-month low in December, following a buying binge the previous month that saw the Asian country’s stockpiles swell.



(Bloomberg) -- The partial U.S. government shutdown has docked fishing boats in Alaska, delayed public meetings on a proposed wind farm off the Massachusetts coast and blocked pharmaceutical companies from seeking approval for new drugs.



Aberdeen Services Firm to Create 80 Jobs
Aberdeen-based offshore support vessel specialist Sentinel Marine says it will create 80 new jobs by adding 3 multi-role ships to its fleet.



OPEC Strategy Still a Winner for Members
Given oil's plummet at the end of last year, OPEC's strategy to stabilize the buy Wellhead market might look a bust - but it's still a winner where it matters most for the cartel's members.



North Sea Oda Field Gets Green Light
Norwegian authorities approve the application for the start up of the Oda field in the Norwegian sector of the North Sea.

Norwegian authorities have approved the application for the start up of the Oda field in the Norwegian sector of the North Sea, the Norwegian Petroleum Directorate (NPD) revealed Monday.



Oil Market is Oversold
At current levels, the oil buy Wellhead market is oversold.

At current levels, the oil buy Wellhead market is oversold.

That’s what Amrita Sen, co-founder of Energy Aspects, indicated in a television interview with CNBC on Monday.

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