News
National Oilwell Varco completes purchase of Fjords Processing
Oil and gas drilling equipment manufacturer National Oilwell Varco has completed its purchase of a Norwegian processing systems supplier. Oslo, Norway-based Fjords Processing has been sold to National Oilwell Varco, according to Akastor ASA, Fjords’ former...
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A bit of rosy news for offshore drillers: Atwood adds contract
A bright spot in offshore drilling this week, albeit a small one: Houston’s troubled Atwood Oceanics has nailed down an additional contract to drill a well off the coast of Australia. The Australian exploration and...
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Praxair to Buy Linde for $35 Billion in Industrial-Gas Deal
Praxair Inc. agreed to buy Linde AG for about 33.9 billion euros ($35.1 billion) to create the world’s largest supplier of industrial gases, three months after a previous attempt failed on concern over job losses...
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Oil rises on expectations of declining U.S. stockpilers
Oil traded near $52 a barrel before government data forecast to show U.S. crude stockpiles fell for a fifth week, trimming an inventory glut. Futures gained as much as 0.7 percent in New York after...
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Market Currents: OPEC / NOPEC market share battles continue
As we shuffle into two weeks of lower trading volume over the holiday period, and as we await next month’s production cuts to start showing up in our export data (woot woot!), oil is looking...
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