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Oil and Gas Journal Drilling News

  1. Reimposing sanctions aimed at Iran’s crude oil exports could prove harder than some members of the Trump administration apparently believe, speakers suggested at a July 18 Atlantic Council discussion.

  2. Twenty-one US Senate Democrats and Independent Bernie Sanders (Vt.) expressed their opposition to what they said are Trump administration plans to roll back offshore blowout preventer (BOP) system and well control regulations imposed following the 2010 Macondo well’s destruction and subsequent massive crude oil spill.

  3. Light, sweet crude oil prices rose for a second consecutive day on July 18 in New York but dropped in early July 19 trading as market participants considered a rising US oil inventory and rising production.

  4. Light, sweet oil prices settled slightly higher on the New York market July 17 after dropping to the lowest level nearly a month earlier on expectations of additional crude oil likely becoming available to world markets.

  5. Petroleo Brasileiro SA (Petrobras) has awarded a 3-year master services agreement to TechnipFMC in Brazil, with a 2-year renewal option. The subsea services contract covers components for both the subsea equipment and flexible pipelines.