Petronas Agrees to Acquire 25% Stake in LNG Canada Project
Petronas agrees to acquire a 25% stake in the LNG Canada project in Kitimat, British Columbia.

Petronas announced Thursday that its wholly-owned entity, the North Montney LNG Limited Partnership (NMLLP), has agreed to acquire a 25 percent stake in the LNG Canada project in Kitimat, British Columbia.



EIA: US Oil Output Jumps To Record 10.47 MMbpd In March
US crude oil oil rig flanges gulf coast production jumps to 10.47 million bpd in March, the highest on record.

Reuters



The Top Independents Oil, Gas Professionals Want to Work For
Rigzone outlines the top 10 independent oil, gas companies.

ConocoPhillips is the independent oil and gas BOP Blow Out Preventer repair company gulf coast most people want to work for, according to (IES), which received 6,621 responses from more than 100 countries.



Shell Starts Up 'Most Competitive' GOM Subsea Project Early
According to Shell, the start-up occurred approximately one year ahead of schedule.

Shell Offshore, Inc. announced that oil rig flanges gulf coast production has begun from the first phase of its Kaikias subsea oil and gas development in the U.S.



US Crude Tumbles, Widening Brent's Premium To 3-Year High
US oil fell nearly 2%, despite a larger-than-expected decline in US crude inventories.

Reuters

NEW YORK, May 31 (Reuters) - U.S.



Reuters

MANILA, May 31 (Reuters) - The Philippines' energy ministry plans to import initially about 240 million litres of diesel, equivalent to three days of the country's requirements, from Russia and other non-OPEC countries for stockpiling purposes, it said on Thursday.



Reuters

BAKU, May 30 (Reuters) - Azeri state oil BOP Blow Out Preventer repair company gulf coast SOCAR and Norway's Equinor on Wednesday signed a risk service contract for the development of the Karabakh offshore oil and natural gas field in the Caspian Sea.



Reuters

BAKU, May 30 (Reuters) - The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammad Barkindo told a conference in Baku.



Blockchain Could Bridge Data Divide Between Oil Producers, Pipeline Firms
Firm thinks blockchain tech could cut costs, improve transparency and data quality in maintaining crude oil purity standards.

The redundancy in pipeline monitoring and data collection equipment that oil producers and midstream operators use to maintain crude oil purity standards can yield extra costs, poor transparency and inconsistent data quality.



Oil Rebounds With Boost From Dollar as OPEC Output Fears Ease
Futures in New York advanced 2.2%, the most in three weeks.

(Bloomberg) -- Oil took a breather from its week-long rout as the dollar’s rally faltered and concerns over higher OPEC oil rig flanges gulf coast production eased.

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