Light, sweet crude oil for June delivery fell modestly to settle at $63.60/bbl on the New York market May 1 while the Brent contract for June held unchanged at just above $72/bbl in London. Traders and analysts are watching world oil supply levels now that the US is ending sanctions waivers to some countries that […]

Eni Mexico has let a contract to McDermott International Inc. for engineering, procurement, and construction of wellhead platform 1 (WHP1) to be installed in Amoca field, 30 km offshore Dos Bocas in southeast Mexico. Source: News

The New Zealand government’s New Zealand Petroleum and Minerals section has finally launched its delayed “Block Offer 2018” tender for petroleum exploration permits. About 2,200 sq km of land in the onshore Taranaki basin of the country’s North Island is being offered for oil and gas exploration. Source: News

Abu Dhabi National Oil Co. subsidiary ADNOC Refining (formerly Takreer) has let a contract to McDermott International Inc. to deliver front-end engineering and design for a refinery offgas project at the combined 817,000-b/d refinery in Ruwais, in the western region of Abu Dhabi. Source: News

Abu Dhabi is offering exploration licenses for five blocks in its second international round of oil and gas bidding. The two offshore and three onshore blocks cover a combined 34,000 sq km. In the first bid round, which closed in March, Abu Dhabi National Oil Co. awarded concessions to two offshore and three onshore blocks […]

US crude oil inventories for the week ended Apr. 26, excluding the Strategic Petroleum Reserve, increased by 9.9 million bbl from the previous week, according to data from the US Energy Information Administration. Source: News

Light, sweet crude oil for June delivery gained modestly to approach $64/bbl on the New York market Apr. 30 while the Brent contract for June held unchanged at just above $72/bbl in London. Source: News