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Rigzone Recent News

The latest upstream oil and gas news from around the world.
  1. Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.
  2. The developer of a grassroots Permian Basin oil refinery has named its overall EPC contractor for the project.
  3. Halliburton's optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.
  4. For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.
  5. BP's use of data has helped the company cut billions of dollars of costs following oil's recent existential slump.
  6. Frac spread tracker talks frac pad trends.
  7. Oman Oil Company Exploration and Production has agreed to sell a 10% stake in Block 61, where the Khazzan field is located, to PC Oman Ventures, a wholly owned subsidiary of Petronas.
  8. Jacobs Engineering Group agrees to sell its Energy, Chemicals and Resources segment to WorleyParsons Limited for $3.3 billion.
  9. BP receives approval from the UK's Oil and Gas Authority to proceed with the Alligin development west of Shetland.
  10. Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi.
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