Crude Oil Down for the Week
The price of a barrel of West Texas Intermediate (WTI) crude oil for November delivery gained 37 cents Friday, settling at $71.34.



(Bloomberg) -- High-rise apartment buildings, factories and other industrial customers in western Canada are receiving natural gas again, three days after an Enbridge Inc. pipeline explosion deliveries.



Up to 6 More UK North Sea FIDs in 2018
Up to 6 more final investment decisions can be expected within the UK North Sea this year, according to Wood Mackenzie.

Up to six more final investment decisions can be expected within the UK North Sea this year, according to Wood Mackenzie (WoodMac).



11 Tcf Discovery Made in Russia
PJSC Novatek announces the discovery of a new gas field in the Ob Bay area.

PJSC Novatek has announced the discovery of a new gas field in the Ob Bay area, which is estimated to hold natural gas reserves of more than 11 trillion cubic feet.



Wildcatters Still a Gamble for Investors Despite Oil's Rise
Even with talk that prices of $100 a barrel could again be in sight, investors are wary before taking the gamble.

(Bloomberg) -- Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays.



Offshore Australia Contract Goes to KBR
KBR has won an engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development.

Woodside Energy Ltd has awarded KBR the Concept Definition engineering contract for the two gas floating oil rig flanges gulf coast production storage and offloading (FPSO) facilities for the proposed Browse to North West Shelf Development offshore Western Australia, KBR reported Thursday.



WTI Crude Oil Falls 3%
The bears reigned in crude oil markets Thursday.

The bears reigned in crude oil markets Thursday.

November West Texas Intermediate (WTI) crude oil futures slid 3 percent, falling $2.20 to settle at $70.97 a barrel.



(Bloomberg) -- Chinese oil buyers are making a beeline for a bargain across the Pacific.

With Canadian oil over 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude.



Wood Creates 1K New Jobs in Last Year
Wood's Asset Solutions Americas business created approximately 1,000 new jobs in the last year as a result of securing new midstream sector contracts across the US worth $250 million.



FID Taken on UK North Sea Field
A final investment decision has been made to develop the UK central North Sea Arran field.

RockRose Energy plc announced Wednesday that a final investment decision has been made by the joint venture partners of the UK central North Sea Arran field to develop the asset.

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