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Pacific National Capital 's Daily Oil & Gas News

Oil Prices Nearly Flat for the Week
WTI and Brent crude oil futures posted small gains Friday but are down slightly for the week.

McDermott Hits Freeport LNG Milestone
Train 2 at Freeport LNG has begun commercial operations, engineering and construction contractor McDermott reported Friday.

US Adds 15 Oil, Gas Rigs
The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.

Angola's Oil Drilling Ramps Up
Angola's ailing oil industry got a shot in the arm this week, with Eni SpA and Total SA both showing their commitment to the OPEC producer.

Schlumberger Posts $10B Loss in 2019
Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.

China Energy Leaders Set for Shake-Up
Top executives at China's leading energy companies are set for a power shake-up as the nation takes steps to reorganize and revamp its leadership and energy infrastructure.

First Shafag-Asiman Expl. Well Spudded Offshore AZ
BP announced this week that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

Trans Mountain Oil Pipeline Wins Legal Battle
PM Justin Trudeau's bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada's top court rejected an appeal brought by British Columbia aimed at challenging the project.

Oil Heads for Weekly Drop Amid Demand Concerns
Oil is headed for a weekly drop amid persistent demand concerns.

Oil Companies Face Serious Decisions on Iraq
Many oil and gas companies face serious decisions regarding their short and mid-term plans in Iraq, according to Rystad Energy.





















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