Post Tagged with: "Buzzard field"

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

By Bevo Beaven, Editor, Oil & Gas 360

Maersk Drilling (stock ticker: DDRLF) said that its customer CNOOC subsidiary CNOOC Petroleum Europe has exercised a one-well option for its Mærsk Innovator jack-up rig in the North Sea. CNOOC will use …

Oil Hits One-Month High:  Markets Account for North Sea Outage, OPEC Compliance

Oil Hits One-Month High: Markets Account for North Sea Outage, OPEC Compliance

Inventories build 1.6 million barrels, but prices hang on above $50

Crude oil prices continued to show improvements Wednesday even as the EIA reported builds in crude oil inventories. The agency reported an increase of 1.6 MMBO in stockpiles for …