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Month: October 2018

Petrobras and CNPC sign joint venture

October 16, 2018
| Archives

“Petrobras and CNPC sign joint venture†Click To Tweet SAO PAULO, Oct 16 (Reuters) – Brazilian state-run oil firm Petroleo Brasileiro SA and a subsidiary of China National Petroleum Corp (CNPC) have signed an agreement to study the economic viability of completing construction of the Comperj refinery in Rio de Janeiro. Petrobras, as the firm is commonly known, said once

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Oil sheds gains after Trump turns down heat in Saudi dispute

October 15, 2018
| Archives

“Oil sheds gains after Trump turns down heat in Saudi dispute†Click To Tweet (Bloomberg) — Oil surrendered most of its early gains after tensions appeared to ease between the U.S. and Saudi Arabia amid growing international outrage over the disappearance of one of the kingdom’s most prominent critics. Futures were little changed in New York on Monday after earlier

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OutPut’s Weekly Top 5

October 14, 2018
| Weekly Rundown

“OutPut’s Weekly Top 5!†Click To Tweet This week we saw Ensco buy up Rowan, although they are calling it a merger as they are taking up Rowans CEO to lead the massive company of 82 rigs! Noble grabs work for two idle ships, ConocoPhillips is finally seeing the hard work pay off with GMT1 first oil in Alaska,

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Maersk lands more work for the Intrepid

October 13, 2018
| Archives

“Maersk lands more work for the Intrepid†Click To Tweet Danish offshore driller Maersk Drilling has been awarded a new contract by Equinor for jack-up rig Maersk Intrepid. The driller said on Friday that Equinor has exercised two one-month options extending the current contract for the jack-up rig Maersk Intrepid by two months until June 2019. Further, Maersk Drilling and Equinor

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Super majors are saying “Go Big or Go Home†with new explorations worldwide

October 13, 2018
| Archives

    “Super majors are saying “Go Big or Go Home†with new explorations worldwide†Click To Tweet   HOUSTON (Bloomberg) — Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it’s home runs or bust. Exxon Mobil Corp. and Royal Dutch Shell Plc, the world’s two biggest oil companies, have put a slew of assets in

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U.S. rig count up by 11 this week

October 13, 2018
| Weekly Rig Count

“U.S. rig count up by 11 this week†Click To Tweet The US drilling rig count jumped 11 units to 1,063 rigs working for the week ended Oct. 12, according to Baker Hughes data. The count is up 135 units from the 928 rigs working this time a year ago. All 11 rigs were attributed to those drilling on land

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HHI contracted for a newbuild floater from LLOG

October 12, 2018
| Archives

“HHI contracted for a newbuild floater from LLOG†Click To Tweet South Korean shipbuilder Hyundai Heavy Industries (HHI) has been awarded a contract by the U.S. exploration and production company LLOG to build a floating production system (FPS) for deployment in the Gulf of Mexico. Hyundai Heavy said in a regulatory filing on Wednesday that the order is worth about $451 million. According

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Noble puts two idle drillships back to work

October 12, 2018
| Archives

“Noble puts two idle drillships back to work†Click To Tweet According to Noble’s latest fleet status report issued on Thursday, the 2013-built drillship Noble Don Taylor has been awarded a contract by Talos in the U.S. Gulf of Mexico. The deal with Talos starts in early November 2018 and ends in mid-January 2019. The dayrate has not been disclosed but Noble said that the

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BP project benchmark moves from $55/bbl to $65/bbl with growing confidence

October 12, 2018
| Archives

    “BP project benchmark moves from $55/bbl to $65/bbl with growing confidence†Click To Tweet   LONDON (Bloomberg) — BP Plc boss Bob Dudley, among the first to say oil will stay lower for longer, is becoming more confident. In a sign of the improving times, the British oil major is now planning its investments at $60-$65/bbl oil, raising it from $50-$55 last

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Silver Creek picks up Genesis Energy’s Powder River Basin assets for $600 million

October 12, 2018
| Archives

“Silver Creek picks up Genesis Energy’s Powder River Basin assets for $600 million†Click To Tweet Silver Creek Midstream LLC closed the acquisition of Genesis Energy’s Powder River basin crude gathering, storage, and rail assets (trunkline system) and will pursue identified projects to address demand for crude oil midstream services in the basin with equity from a joint venture

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