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Oil held near a five-week high as renewed US-Iran fighting raised fresh concerns over Strait of Hormuz exports.
'The challenge is where to concentrate, how to scale, and how to share value when efficiency reduces the activity that many contracts reward', McKinsey representatives said.
'The deal could materially reshape Venezuela's long-term production trajectory', Rystad said.
Oil prices jumped as escalating US-Iran hostilities threatened an already tight global market.
North America dropped five rigs week on week, according to Baker Hughes' latest North America rotary rig count.
SLB announced Monday that it has signed an agreement to acquire Kelvion.
What is the oil and gas impact of the Gulf's Tropical Storm Edouard?
Oil rose sharply as renewed US-Iran fighting heightened concerns about shipping through the Strait of Hormuz.
Goldman Sachs Group Inc. stepped up warnings of tightness in global refining driven by wars in the Middle East and between Moscow and Kyiv.
U.S. President Donald Trump announced that the U.S. has 'entered into an Agreement with the Country of Venezuela on ... THE BIGGEST OIL DEAL IN WORLD HISTORY!'.
'The immediate bullish force is supply-security uncertainty', Naeem Aslam, CIO at Zaye Capital Markets, said.
Venezuela is considering whether it should quit OPEC, according to people familiar with the matter.
Oil exports from the Persian Gulf have recovered to around two-thirds of pre-war levels, according to Goldman Sachs Group Inc.
Oil rose as doubts grew over a broader US-Iran agreement.
Naeem Aslam, CIO at Zaye Capital Markets, outlined a 'key catalyst'.
Spirit Energy announced that it has completed a $54 million UK North Sea decommissioning campaign.
Oil eased in a choppy session as traders weighed progress on diplomatic efforts to resume shipping through the Strait of Hormuz against fresh risks of a global supply squeeze.
The change in sentiment has been swift, Ole Hansen, Saxo Bank Head of Commodity Research, said.
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an 'interim framework' aimed at resuming shipping through the Strait, according to a joint statement carried...
Oil extended losses as traders saw fewer signs of military escalation and US sanctions on Iran proved less severe than feared.
You can choose to embrace it or ignore it. You can choose to pretend it does not apply to you. But the one thing you likely will not be able to do is work as a pipeline inspector without it after 2018. What is it you ask? It is the American Petroleum Institute Pipeline Inspector Certification; better known as the API 1169. Possibly a thorn in the side for many inspectors but for the industry it is a sure step forward in the right direction; joining the other sectors of oil & gas.
Questions surround the API 1169 exam requirements, purpose, and what individuals need to do in order to properly prepare for the certification that will likely keep them employed in their careers. Training options have been multiplying as the popularity of the API 1169 has hit the mainstream. Inspectors should perform their research and due diligence to adequately make an informed choice when it comes to the training course they attend.