Crude See-Saws as Supply Crunch Muted by Impending Demand Drop
Oil capped recent gains as international supply concerns were overshadowed by a looming demand drop.

(Bloomberg) -- Oil capped recent gains as international supply concerns were overshadowed by a looming demand drop.



(Bloomberg) -- Clayton Riddell, who founded Canadian oil BOP Blow Out Preventer repair company gulf coast Paramount Resources Ltd. and co-owned the NHL’s Calgary Flames ice hockey team, has died.



Permian Highways Desperate for Traffic Relief
US Highway 285 is a major north-south route within the Permian Basin of West Texas and southeastern New Mexico, and it's seen better days.



China's Squeezed 'Teapots' Eye Petchem Path To Riches
Several independent Chinese refineries are drawing up plans to build petrochemical complexes in east China's Shandong province.

Reuters

BEIJING, Sept 14 (Reuters) - Several independent Chinese refineries are drawing up plans to build petrochemical complexes in east China's Shandong province, aiming to join an investment boom in the world's top chemicals market.



Reuters

BAKU, Sept 14 (Reuters) - British oil major BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA (product sharing agreement) in Azerbaijan, BP Azerbaijan said on Friday.



Crude Caps Weekly Advance as Iran Sanctions Bite Into Supply
Crude posted a third weekly advance out of four as Iranian sanctions take center stage.

(Bloomberg) -- Crude posted a third weekly advance out of four as Iranian sanctions take center stage, with investors eyeing the impact on supply.



Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.

Gazprom Neft has announced that it has joined forces with China National Petroleum Corporation (CNPC) to develop enhanced oil recovery technologies.



Saudis Hire Ex-Solicitor General Olson to Lobby Against NOPEC
Saudi Arabia is taking no chances with the longshot NOPEC bill, hiring former Solicitor General Ted Olson as a lobbyist to campaign against the act.



IEA Warns of Higher Oil Prices as Iran, Venezuela Losses Deepen
The IEA warns that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela.



The $20B Race to Eclipse Norway's Elite Oil Producers
The race is on to become Norway's biggest non-state oil company.

(Bloomberg) -- The race is on to become Norway’s biggest non-state oil company.

  1. Lancaster EPS Subsea Installation Completed | Gulf Coast Oil Rig Equipment & Repair
  2. Crude Oil Whipsaws on Demand Concerns | Gulf Coast Oil Rig Equipment & Repair
  3. China's CCCC Wins $398MM Contract To Build Mombasa Oil Terminal | Gulf Coast Oil Rig Equipment & Repair
  4. UK Union Members Emphatically Reject Revised Total Pay Offer | Gulf Coast Oil Rig Equipment & Repair
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