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Oil price fell below $65 a barrel on Monday amidst fresh oversupply concerns with some US shale oil operators looking to resume production. Brent crude dropped 44 cents to $64.95 a barrel and US light crude fell 35 cents to $59.04 a barrel, Reuters reported. The latest fall in prices…
Discovery, the subsea CT scanner developed by Tracerco has completed the first deep-water deployment on flowlines operated by Shell in the Gulf of Mexico. The scanner is used to assess the integrity of subsea pipeline assets, and it scans the flowlines in a non-invasive way. In the Gulf of Mexico,…
Chevron has discovered oil at the Anchor prospect in the deepwater US Gulf of Mexico.
Subsea 7 has secured an installation contract from energy firm Hess to support the Stampede Project in the deepwater US Gulf of Mexico.
The price of Brent crude oil steadied around $70 a barrel today after a near 40% decline since June. Reuters reported that Brent increased 20 cents to $70.12 a barrel, while US crude futures rose 35 cents to $67.73 a barrel."Major oil producer Saudi Arabia now believes oil prices could…
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