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Asian Buyers Seek Oil From Closer to Home

Soaring oil tanker costs are boosting Asian demand for crude grades produced closer to home. Read Full Article Source: RigZone ...

by TheNewsDoctors | Published 11 hours ago
By TheNewsDoctors On Thursday, October 17th, 2019
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Marathon Petroleum Board, Investors in Talks About CEO

Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss CEO Gary Heminger’s future and the company’s strategy amid calls to split up its businesses. Read Full...

By TheNewsDoctors On Thursday, October 17th, 2019
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Gulf Oil Production to Set Records Through 2020

Annual oil production in the Gulf of Mexico is expected to jump to 1.9 million bpd in 2019. Read Full Article Source: RigZone ...

By TheNewsDoctors On Thursday, October 17th, 2019
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Aramco's IPO Comes in Midst of Rough Times for Saudi Markets

Anyone buying into Saudi Aramco’s initial public offering in anticipation of a quick rebound in the country’s stock market may be in for a disappointment. Read Full Article Source: RigZone ...

By TheNewsDoctors On Thursday, October 17th, 2019
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BHGE Drops the GE

Baker Hughes, a GE company (BHGE) reported Thursday that it has changed its name to Baker Hughes Co. Read Full Article Source: RigZone ...

By TheNewsDoctors On Thursday, October 17th, 2019
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Buyer for Chevron's UK Fields Seeks Funds From Traders

A unit of Delek Group is seeking alternative means of financing to complete its $2B acquisition of some of Chevron’s North Sea oil and gas assets. Read Full Article Source: RigZone ...

By TheNewsDoctors On Thursday, October 17th, 2019
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Deepwater Transformation Sparking New Interest

Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas. Read Full Article Source: RigZone ...

By TheNewsDoctors On Wednesday, October 16th, 2019
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Oil Steady After Two Days of Losses

Oil steadies near $53 a barrel after two days of declines as the fragile economic environment and unresolved U.S.-China trade war continue to deteriorate the outlook for global fuel demand. Read Full Article Source:...

By TheNewsDoctors On Wednesday, October 16th, 2019
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ADNOC Forges Closer Ties with Russia

In the past two days, ADNOC has announced deals with the Russian Energy Agency and Lukoil. Read Full Article Source: RigZone ...

By TheNewsDoctors On Wednesday, October 16th, 2019
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DOE Greenlights LNG Exports from Venture's Plaquemines Project

Plaquemines LNG will be able to export up to 3.4 billion cubic feet per day of LNG from the project by ocean-going vessel. Read Full Article Source: RigZone ...