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Crude futures on have edged up by 1% due to a weaker dollar and expectations that crude stocks in the US declined for a fourth straight week.July Brent crude increased 64 cents to $64.36 a barrel, while the US crude rose 68 cents at $58.71 a barrel, Reuters reported.The greenback…
Crude oil prices have fallen following an anticipated increase of US shale output and stronger dollar. Front-month Brent crude prices dipped 21 cents at $65.31 per barrel, and US crude declined 13 cents at $59.59 a barrel, Reuters reported. The dollar prices reached one month high, making oil more expensive…
BP Exploration & Production has selected Technip for the Thunder Horse South drilling quarters unit expansion project in the Gulf of Mexico.Under the terms of the contract, Technip will be responsible for the design, engineering, fabrication, installation and pre-commissioning of the new production pipeline systems on the south side of…
Prices of crude oil have recovered following reports of larger than expected drawdown of crude stocks in the US and strong economic data from Asian markets. Brent futures increased 79 cents to $64.81 a barrel, while US crude prices rose 58 cents to $58.57 a barrel, Reuters reported. With the…
Charleston, Folly Beach and Beaufort cities in South Carolina have joined an appeal filed against the first permit to allow for seismic guns to be used to explore oil and gas along the Palmetto State's coast. The appeal was filed by the SC Coastal Conservation League and the SC Wildlife…
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