Saturday, March 28, 2020
Oil traded close to $67/bbl as buyers weighed an anticipated decline in American inventories in opposition to the U.S. authorities’s plans to launch crude from its emergency stockpiles.Futures in New York climbed zero.5%. The U.S. authorities will supply...
Singapore’s Maritime and Port Authority (MPA) stated it's investigating a collision between two tankers in Singapore waters on Tuesday that led to a leak of liquefied petroleum gasoline (LPG) from one of many ships.An estimated 1,796 tonnes of butane...
TechnipFMC Awarded a Significant Integrated EPCI (iEPCI&commerce;) Subsea Contract for the BP Thunder Horse Expansion ProjectTechnipFMC has been awarded a major(1) built-in Engineering, Procurement, Construction and Installation (iEPCI&commerce;) contract by BP for the Thunder Horse South Expansion 2 Project...
Exxon Mobil shares jumped after surpassing analysts’ forecasts by virtually one-third with the most important refining bonanza in six years and booming oil manufacturing within the Permian basin. Strong crude flows from North America’s most-prolific oil area softened the...
Houston-based offshore power companies agency Helix Energy Solutions has purchased a majority stake in Aberdeen-based Subsea Technologies Group Limited (STL).STL is a subsea engineering firm specializing within the design and manufacture of subsea stress management gear, together with effectively...
EPIC has been trusted to offer the POB, mustering and evacuation system for Bibby Marine Services subsequent technology WaveMaster Horizon, due Q3 2019.This second vessel within the fleet builds on profitable design for the deployment and retention of offshore...
Texas oilman Jeffery Hildebrand grew to become a billionaire by shunning the shale revolution happening in his residence state. Now, he’s making his greatest guess but -- Alaska -- simply as shale producers run out of steam.Hildebrand’s Hilcorp Energy...
Petrofac has signed an settlement to promote its remaining 51% curiosity in its operations in Mexico, together with Santuario, Magallanes and Arenque, to Perenco International. The phrases of the transaction are considerably the identical because the sale of a...
China National Petroleum Corp. has issued a pressure majeure on all immediate pure gasoline imports, in line with folks with data of the state of affairs, the second Chinese purchaser to refuse shipments in an indication that world commodity...
Along the western fringe of Argentina’s Patagonia, on an arid steppe nestled in opposition to the Andes mountains, lies a shale formation referred to as Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century...
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