Investors may have driven crude oil futures prices above $50 a barrel and amassed large bullish positions in expectations of further gains to come but their optimism isn’t shared.
Source: Offshore
Investors May Be Betting Oil Glut Will End Soon, But Crude Traders Differ
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Wood Group receives authorization to conduct cost-saving well pad design work at the Firebag in-situ site in Alberta, Canada, as part of a recently signed agreement with Suncor Energy.
Source: Offshore
Wood Group Receives Authorization to Start Well Pad Work at Firebag Site
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Norwegian oil service workers have end a strike that disrupted the offshore energy industry’s drilling of new oil and gas wells.
Source: Offshore
Norway Oil Service Workers Call End To Three-Week Strike
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BP Plc abandons plans to drill for oil and gas off the south coast of Australia, saying it can get better value for its exploration spending elsewhere.
Source: Offshore
BP Scraps Plan To Drill Off Australia's South Coast
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BP Chief Executive Robert Dudley expects global oil prices to stabilize at around $55-$70 per barrel for the rest of the decade.
Source: Offshore
BP Boss Dudley Sees Oil Prices At – For Rest Of The Decade
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Crude at $60 a barrel would probably trigger a strong increase in North American oil output, the head of the IEA says.
Source: Offshore
US Shale Oil Output Seen Surging If Crude Reaches a Barrel
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Russian central bank Governor Elvira Nabiullina is growing confident that her country’s biggest vulnerability can turn into an asset.
Source: Offshore
Oil Turns From Foe to Friend as Bank of Russia Chief Sees Relief
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Saudi Aramco is targeting 2018 for what could be the world’s largest public listing as it expects oil prices and market conditions to improve in the coming years.
Source: Offshore
CEO: Saudi Aramco Eyes 2018 For Listing
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Oil prices retreat from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months.
Source: Offshore
Oil Down On OPEC Doubts As It Floats 6-Month Output Cap Plan
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Egypt focused oil and gas company SDX Energy Inc. reveals that the quality of the 115 square mile 3D seismic data acquired over the South Disouq concession surpassed expectations.
Source: Offshore
SDX: South Disouq 3D Seismic Data Acquisition Surpasses Expectations
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