Oil Rises To Four-Month High As U.S. Shale Production Slides.
Oil climbed to a four-month high in London as forecasts for lower U.S. shale production signaled the global oversupply will slowly diminish.
Prices This Week Hinge On Doha Talks.
About 15 OPEC and non-OPEC producers are expected to meet this weekend in a summit that will be very closely monitored for clues about production output.
Wells Fargo Misjudged the Risks of Energy Financing.
Wells Fargo’s foray into oil shows how Wall Street misjudged the risks hidden in an esoteric type of energy financing long thought to be bulletproof.
GE Starts Works On Prelude Flexible Risers.
GE Oil & Gas started production of four high pressure high temperature (HPHT) dynamic flexible risers which will be used on Shell’s FLNG facility, Prelude at its Newcastle facility.
Chesapeake Surprises By Keeping $4 bn Borrowing Base.
Chesapeake Energy Corp surprised investors on Monday by keeping its $4 billion loan from banks despite concerns about its liquidity position at a time when many oil and gas producers are seeing their credit cut.
BLM Extends Comment Period On Methane.
In response to requests from the public, the Bureau of Land Management (BLM) has extended the public comment period until April 22, 2016, for the recently proposed Methane and Waste Prevention Rule.
Fitch Cuts Saudi Rating.
Fitch Ratings said on Tuesday it had cut Saudi Arabia’s long-term foreign and local currency issuer default ratings to ‘AA-‘ from ‘AA’ with a negative outlook as oil prices remain weak.
Montrose Platform Heads To North Sea Location.
Topsides for Talisman Sinopec UK’s (TSEUK) new Montrose Bridge Linked Platform sailed out from Heerema’s Zwijndrecht yard south of Rotterdam.
Shell CEO May Sell N. Sea Assets.
Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, CEO Ben van Beurden said on Tuesday, part of a two-year program to help finance its purchase of gas major BG Group.
BigRoll Shipping Takes Delivery of BigRoll Barentsz.
BigRoll Shipping took delivery of their first MC Class vessel, BigRoll Barentsz, from Crosco Dalian Shipyard.