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Oil futures rise slightly as storm impact fades

6 mins ago DieselGasoil Comments Off on Oil futures rise slightly as storm impact fades
London — 1030 GMT: Crude oil futures were trading slightly higher in late European morning Tuesday as the impact of Tropical Storm Barry subsided, while global economic uncertainty lingered. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:30 am London time (1030 GMT), ICE Brent September futures were Read More

Hardisty-US Gulf Coast WCS crude spread narrows to tightest since Oct 2017

13 hours ago DieselGasoil Comments Off on Hardisty-US Gulf Coast WCS crude spread narrows to tightest since Oct 2017
The spread between the value of Canada’s benchmark heavy crude, Western Canadian Select, in Hardisty, Alberta, and on the US Gulf Coast on Monday reached its narrowest point since October 25, 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The difference between the value of WCS at Hardisty Read More

Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania

22 hours ago DieselGasoil Comments Off on Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania
7/15/2019 ABERDEEN — International oilfield services company Expro has been awarded a contract by Pacific Drilling LLC’s subsidiary, Pacific Santa Ana, Ltd., for the provision of an Intervention Riser System (IRS) for Petronas’ Chinguetti Field Phase II plug and abandonment (P&A) contract, offshore Mauritania. Expro’s IRS. The contract, valued at $20 million, will see Expro Read More

Africa Energy signs rig contract for Block 11B/12B, offshore South Africa

22 hours ago DieselGasoil Comments Off on Africa Energy signs rig contract for Block 11B/12B, offshore South Africa
7/15/2019 VANCOUVER — Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce that the joint venture partnership for Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semisubmersible rig. Garrett Soden, Africa Energy’s President Read More

KCA Deutag wins $168 million in Russian drilling contracts

23 hours ago DieselGasoil Comments Off on KCA Deutag wins $168 million in Russian drilling contracts
7/15/2019 ABERDEEN — Global drilling and engineering contractor KCA Deutag (KCAD) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168 million. These contracts are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD’s rig and oilfield equipment manufacturer. A Read More

McDermott wins FEED contract for Sohar LNG bunkering project in Oman

23 hours ago DieselGasoil Comments Off on McDermott wins FEED contract for Sohar LNG bunkering project in Oman
7/15/2019 HOUSTON — McDermott International, Inc., announced it has been awarded a sizeable contract by Total Oman E&P Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG bunkering project in Oman. This project is intended to establish Oman as a regional LNG bunkering hub Read More

India & Russia will use their national currencies for defense deals to bypass US sanctions – report

1 day ago DieselGasoil Comments Off on India & Russia will use their national currencies for defense deals to bypass US sanctions – report
Russia and one of the biggest importers of its weapons, India, have decided to use their national currencies to transfer payments for massive defense deals in order to skirt possible US sanctions, according to Bloomberg. Moscow and New Delhi have been boosting their arms trade in recent months, with Russia selling submarines, ships, tanks and Read More

Crude oil futures slip as Storm Barry weakens, IEA report bearish

1 day ago DieselGasoil Comments Off on Crude oil futures slip as Storm Barry weakens, IEA report bearish
Singapore — Crude oil futures were lower during mid-morning trade in Asia Monday as markets began to recover from Tropical Storm Barry, while a bearish outlook on oil fundamentals by the International Energy Agency also pushed prices lower. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:40 am Read More