Post Tagged with: "Gulf"

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

From Reuters


Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.…

Occidental and Ecopetrol Team Up in the Midland

Occidental and Ecopetrol Team Up in the Midland

By Tyler Losier, Energy Reporter, Oil & Gas 360

Occidental Petroleum and Ecopetrol S.A. form joint venture in the Midland Basin
Occidental Petroleum Corporation (stock ticker: OXY), the fourth largest public E&P by market capitalization, has formed a joint venture

Source: Royal Dutch Shell

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

By Tyler Losier, Energy Reporter, Oil & Gas 360

Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a

More Takeaway on the Way: $4.1 Billion in Pipelines will Deliver Permian, Bakken Oil Production to the Gulf

More Takeaway on the Way: $4.1 Billion in Pipelines will Deliver Permian, Bakken Oil Production to the Gulf

Liberty Pipeline LLC
On Monday, Phillips 66 (stock ticker: PSX) and Bridger Pipeline LLC announced the formation of a 50/50 joint venture, Liberty Pipeline LLC, in order to build a 24-inch crude oil pipeline running from the Rocky Mountain and

BP Identifies 1.4 Billion Barrels of Oil in Gulf

BP Identifies 1.4 Billion Barrels of Oil in Gulf

Atlantis Phase 3 FID announced
BP (stock ticker: BP) has big plans for the Gulf of Mexico, as the company announced several new developments in the GOM today.

BP has approved Phase 3 development at the Atlantis field, authorizing a

Source: Petrobras

Petrobras Cutting Houston Jobs after Forming Gulf Joint Venture

From Houston Chronicle

Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture.

Petrobras, which has struggled financially amid a nationwide corruption …

December 12, 2018 - 1:08 pm Closing Bell Story‎, Energy News, International
U.S. Becomes World Energy Leader, Surpassing 11 Million Barrels of Oil per Day

U.S. Becomes World Energy Leader, Surpassing 11 Million Barrels of Oil per Day

The rapid growth of oil production from shale combined with returning GOM production have succeeded in making the United States the leading crude oil producer in the world.

The U.S. set a new record for daily oil production at 11.3

November 1, 2018 - 2:05 pm Closing Bell Story‎, Industry Insights, International