Oil Prices Up for the Week
An exciting week for WTI and Brent crude oil future has come to an end.
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US Drillers Lose 18 Oil, Gas Rigs
The U.S. lost a net total of 18 oil and gas rigs this week.
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Bahamas Terminal Returns to Full Ops
Buckeye Partners reported that it has resumed full operations at its Buckeye Bahamas Hub.
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Permian Child Wells May Cut Oil Recovery By 20 Percent
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together.
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More Haynesville Gas Headed to Gulf Coast
Enterprise Products Partners will expand and extend its Acadian natural gas pipeline system linking the Haynesville Shale to the LNG market in South Louisiana.
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McDermott May Sell Lummus
McDermott is considering selling all or part of its Lummus Technology business.
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Aramco Reveals Damage to Giant Oil Field
Saudi Aramco revealed damage caused by an aerial strike on its Khurais oil field last weekend.
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