Oil falls on OPEC+ decision uncertainty
Oil prices declined on Monday as OPEC+ does not appear to have a clear consensus yet on extending its current production levels, contrary to what the market has already priced in.
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Oil prices declined on Monday as OPEC+ does not appear to have a clear consensus yet on extending its current production levels, contrary to what the market has already priced in.
The expansion will allow OTS UK to provide wastewater treatment, drill cuttings handling, high-pressure well service pumps, cleaning services, swarf handling, pump transfer systems and more.
ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait.
Petrobras has cut its five-year investment plan by 27% from a year ago to US$55 billion.
The contract was awarded to BGP Inc., a subsidiary of China National Petroleum Company (CNPC).
To date, the storage tanks and inspection gantry have been installed at the Wressle oilfield in North Lincolnshire, UK, while work is advanced in respect of the electrical and control system installation.
Oil prices finally put a halt on their continuous rise, as traders focused again on the worsening short-term oil demand.
Genel Energy has announced first oil production from the Sarta field in Iraqi Kurdistan.
First images from the OBN Cornerstone 2020 multi-client survey are being made available in early 2021.
The company has secured a contract from a repeat customer for the fabrication and integration work on a FPSO.
Subsea testing solutions company Express Engineering has appointed six new apprentices.
The survey will take place over the Jubarte field in the Campos Basin.