Bureau Veritas Wins Offshore Norway Contract
Thursday January 17, 2019 - Bureau Veritas will provide second- and third-party inspection services for the Fenja development.
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Oil Holds Losses Near $53
Wednesday, January 23, 2019 Oil held its losses from Tuesday at near $53 a barrel as pessimism over the prospects for a U.S.-China trade deal clouded the global economic outlook.
Oil Halts Gains Near 2-Month High
Tuesday, January 22, 2019 Oil halts gains near a 2-month high as investors weigh concerns over outlook for the global economy against the OPEC+ coalition's performance on pledged output cuts.
Industry Confidence Keeps Rising
Tuesday, January 22, 2019 Industry confidence has risen again, according to a new report released Tuesday by oil and gas technical adviser DNV GL.
Crude Oil Futures Falter
Tuesday, January 22, 2019 Two individuals notably absent from Swiss ski resort are making their mark.
US Drilling Slows Down, Oil Steadies Near 2-Month High
Monday, January 21, 2019 Oil steadied near a two-month high in New York amid a pullback in US drilling activity.
Major LNG Buyers' Uncontracted Demand to Quadruple by 2030
Monday, January 21, 2019 Wood Mackenzie expects a record number of FIDs on LNG projects in 2019.
Crude Oil Uptick Continues
Monday, January 21, 2019 The February WTI posted a modest gain during abbreviated US holiday trading Monday.
Oil Hits Two-Month High
Friday, January 18, 2019 Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.
IEA Sees Oil Demand Growth Defying Slowing Economy
Friday, January 18, 2019 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 is Going to be Very Much Demand Driven
Friday, January 18, 2019 Oil is going to be very much demand driven, according to Arqaam Capital.
Oil Retreats Near $52
Thursday, January 17, 2019 Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world's top suppliers.
Shell Appoints New Upstream Director
Thursday, January 17, 2019 Shell appoints Wael Sawan as its new upstream director.
Bureau Veritas Wins Offshore Norway Contract
Thursday, January 17, 2019 Bureau Veritas will provide second- and third-party inspection services for the Fenja development.
Crude Oil Settles Lower
Thursday, January 17, 2019 The American Petroleum Institute also reported a sharp year-on-year increase in well completions.
Oil Holds Gain Near $52
Wednesday, January 16, 2019 Oil held gains near $52 a barrel on optimism the OPEC+ coalition's production curbs will clear a supply glut.
Atlas Professionals Buys Brander
Wednesday, January 16, 2019 Energy recruitment specialist Atlas Professionals acquires technical recruitment company Brander.
Largest Licensing Award on NCS
Wednesday, January 16, 2019 The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.
Offshore Service Spending to Outpace Onshore Shale
Wednesday, January 16, 2019 Research from Rystad Energy reveals that we'll see spending in the offshore service sector outgrow spending on onshore shale this year.
Oil Futures Edge Upward
Wednesday, January 16, 2019 Despite cold temps in much of the US, natural gas is down again.
Oil Halts Drop Near $51
Tuesday, January 15, 2019 Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving.
Oil Demand to Grow Steadily in 2020s
Tuesday, January 15, 2019 Oil demand will grow steadily in the 2020s and peak in the late 2030s, according to Rystad Energy's current long-term outlook.
UK-Based Energy Services Firm Changes Name
Tuesday, January 15, 2019 Fabricom Offshore Services has announced the launch of a new name and corporate identity.
Crude Oil Bounces Back
Tuesday, January 15, 2019 Tuesday's trading bolstered the case for the 2019 crude oil comeback story.
Oil Retreats as Risk Appetite Shrinks
Monday, January 14, 2019 Oil extended its retreat as investor appetite for risk assets shrank.
Demand Biggest Psychological Headwind for Oil
Monday, January 14, 2019 Demand is the biggest psychological headwind for oil right now, according to RBC Capital Markets.
No Firm Decision on Chevron Asset Bid for Premier
Monday, January 14, 2019 Premier Oil says no firm decision has been taken to bid for 'all or any of the assets currently being marketed by Chevron'.
Oil Set for Biggest Weekly Gain in 2 Years
Friday, January 11, 2019 Oil headed for its biggest weekly gain in over 2 years on hopes that OPEC will manage to shrink a glut and trade tensions between the US and China will ease.
Winners and Losers of Offshore Spending Revival
Friday, January 11, 2019 After 4 years of cutbacks, oil companies are poised to open their wallets again and develop new offshore fields, but the benefits won't be spread equally.
Analysts Outline Latest Oil Price Forecasts
Friday, January 11, 2019 Analysts at Fitch Solutions Macro Research forecast that the price of Brent will average $75 per barrel in 2019, a new report has revealed.
Equinor Buys Chevron's Rosebank Stake
Friday, January 11, 2019 Equinor completes the acquisition of Chevron's 40% operated interest in the Rosebank project.
Crude Oil Ends Winning Streak
Friday, January 11, 2019 Nevertheless, there's evidence that bullish sentiment is growing in the oil market.
Oil Takes Breather After Bull Market Breakout
Thursday, January 10, 2019 Oil's taking a breather after bursting into a bull market.
Oil and Gas Digital Investment Set to Surge
Thursday, January 10, 2019 Global oil and gas executives are preparing to accelerate their investment in digital technologies, according to a new report from EY.
Five LNG Trends to Watch in 2019
Thursday, January 10, 2019 Wood Mackenzie predicts a mixed mood for the LNG market.
Crude Oil Rally Subsides
Thursday, January 10, 2019 Thursday's day-on-day price gains were relatively modest.
Oil Extends Longest Rally in 1.5 Years
Wednesday, January 09, 2019 Oil rose back above $50 a barrel, extending its longest rally in 1.5 years.
Unite Members Accept New OCA Offer
Wednesday, January 09, 2019 UK union Unite has revealed that its 2,500 members covered by the Offshore Contractors Association have accepted a revised pay offer from the OCA.
Crude Oil Surges Above Thresholds
Wednesday, January 09, 2019 The WTI's breakout may be stronger than anticipated.
Oil Holds Above $48
Tuesday, January 08, 2019 Oil held gains after its longest rally in almost 1.5 years.
Proper Oil Price Rebound May Come by 1Q-End
Tuesday, January 08, 2019 A proper oil price rebound may come by the end of the first quarter.
North Sea Exploration is Back
Tuesday, January 08, 2019 North Sea exploration is back in 2019, according to Wood Mackenzie.
Crude Oil Flirts with $50
Tuesday, January 08, 2019 The WTI approached a psychologically important milestone Tuesday.
Oil Extends Gains
Monday, January 07, 2019 Oil is headed for its longest rally in more than 17 months as the U.S. Federal Reserve sought to soothe investor concerns and on signs of slowing American production.
OPEC Strategy Still a Winner for Members
Monday, January 07, 2019 Given oil's plummet at the end of last year, OPEC's strategy to stabilize the market might look a bust - but it's still a winner where it matters most for the cartel's members.
Aberdeen Services Firm to Create 80 Jobs
Monday, January 07, 2019 Aberdeen-based offshore support vessel specialist Sentinel Marine says it will create 80 new jobs by adding 3 multi-role ships to its fleet.
Oil Market is Oversold
Monday, January 07, 2019 At current levels, the oil market is oversold.
North Sea Oda Field Gets Green Light
Monday, January 07, 2019 Norwegian authorities approve the application for the start up of the Oda field in the Norwegian sector of the North Sea.
Crude Oil Uptick Continues
Monday, January 07, 2019 Both WTI and Brent contract prices exhibited positive momentum during the early week session.
Oil Heads for Biggest Weekly Gain Since 2017
Friday, January 04, 2019 Brent crude heads for its biggest weekly gain since July 2017 as OPEC's production cuts outweigh concerns over the health of the global economy.
$123B of Offshore Projects May be Sanctioned in 2019
Friday, January 04, 2019 $123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to $60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning.
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