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Month: February 2019

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U.S. oil imports fall to lowest since 1996 on a weekly basis

U.S. oil imports fall to lowest since 1996 on a weekly basis

The U.S. imported the lowest amount of crude oil on a weekly basis in 23 years. Oil futures tumbled more than 3 per cent on Monday in their largest daily percentage drop this year. Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years. US crude oil...

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Diamond Offshore sees drillship rents almost doubling next year

Diamond Offshore sees drillship rents almost doubling next year

Diamond Offshore Drilling Inc. said it’s nearly doubling rental rates for deepwater drillships as oil explorers return to sea. Diamond Offshore Drilling Inc reported a higher-than-expected quarterly profit, helped by lower costs. Offshore brethren will have to wait for prices to surge well above $60 a barrel. The company’s shares fell as much as 7.4...

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Oil price Wednesday 27th of February 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-02-27 1.5985 1.6368 1.588 1.6319 0.0477 1.634 26301 16766 Crude Oil...

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Tullow drills Namibia well in “bold effort to open new play”

Tullow drills Namibia well in “bold effort to open new play”

Tullow Oil Plc said an exploration well off Namibia was a dud. 25-percent working interest in the Orinduik Block offshore Guyana from Eco (Atlantic) Oil & Gas Ltd. Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs. Tullow has completed 11 wells at TEN and plans 13 more....

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Oil price Tuesday 26th of February 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-02-26 1.5496 1.6002 1.5405 1.5996 0.0411 1.5863 24328 27274 Crude Oil...

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Enquest awards KCA Deutag a multi-million dollar contract for three UK North Sea platforms

Enquest awards KCA Deutag a multi-million dollar contract for three UK North Sea platforms

KCA Deutag has announced that its offshore business unit has been awarded a new drilling contract. they also reached an agreement to form a joint venture that will target existing and future opportunities. Scott platform has won the Chairman’s “Best Safety Performance Award” in the Platform category. KCA Deutag told that it has completed the...

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Petrobras reports January’s oil and gas production

Petrobras reports January’s oil and gas production

Petrobras informs that in January its total production of oil and gas, including natural gas liquids (NGL), was 2.61 MMboe/y. Brazilian oil giant Petrobras reported that its oil and gas production in 2018 was in line with the company’s goals. Petrobras has set aside $84 billion dollars to spend between 2019 and 2023. Petrobras has...

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Oil price Monday 25th of February 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-02-25 1.5971 1.6153 1.5437 1.5482 0.066 1.5452 22118 38150 Crude Oil...

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NEB rules Trans Mountain expansion project should be approved

NEB rules Trans Mountain expansion project should be approved

Canada’s NEB announced its recommendation that the Trans Mountain pipeline expansion project is in the Canadian public interest. The National Energy Board (NEB) is seeking feedback on Draft Pipeline Financial Requirements Guidelines (Draft Guidelines). The National Energy Board (NEB) approved TransCanada’s Keystone Pipeline GP Ltd. The decision enables the company to continue its ongoing work...

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