Author: omc_admin
(Investing) – HOUSTON -Oil prices fell on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. futures fell 57 cents, or 0.88%, to $64.34 a barrel by 11:17 a.m. EDT (1517 GMT). U.S. West Texas Intermediate crude was down 53 cents, or 0.86%, at $61.04. The Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, are discussing whether to make another large output increase at their meeting on June 1, Bloomberg News reported. An increase of 411,000 barrels per day for July is among…
Ocean services provider DeepOcean has acquired Shelf Subsea, an independent provider of subsea services with a strong position in the eastern hemisphere. Founded on a robust industrial fit, the acquisition creates a global subsea services player with an extensive portfolio of solutions, now also covering the Asia-Pacific and Middle East regions. “DeepOcean and Shelf Subsea offer similar services, but have distinct geographical strongholds that complement each other,” said Øyvind Mikaelsen, CEO of DeepOc”When combined, we will provide customers worldwide with access to a comprehensive pool of expertise and capabilities. We look forward to combining our leading technology and…
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Expro has been awarded multi-year Tubular Running Services (TRS) contracts by two leading Super-Major operators in the Gulf of America/Gulf of Mexico, covering both deepwater drillships and platform rigs. Collectively valued at over $80 million, these contract awards integrate Expro’s most advanced technologies, including the E&P Special Meritorious award-winning Centri-FITM platform. Centri-FITM serves as the operational hub, designed to drive efficiencies through personnel reduction, eliminating red zone entries and enhancing repeatability to optimize performance. In collaboration with these operators, Expro will also further deploy its Rig Integration “Driller’s Control” Package, iTongTM, and cutting-edge completions technologies – critical components in supporting upcoming…
(Bloomberg) – U.S. Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation. The U.S. oil giant has been a major contributor to Venezuela’s economy in recent years, supplying about 20% of its output and contributing to the flow of dollars into the South American country. That has made Chevron’s license to operate in Venezuela a big chip in negotiations between the U.S. and the…
Shopping for a TV stand is no simple task. In fact, the term “TV stand” can mean different things depending on what you’re looking for. Some people may be on the hunt for a TV console that acts as a piece of furniture to rest a display on. Others might be searching for a tabletop pedestal or pair of legs to attach directly to a TV. But don’t worry, no matter what kind of stand you’re after, our reviewers have all the bases covered with recommendations across every category.If you’re looking for an affordable TV console that’s great for all-around…
The best iPhone 16 Plus cases offer long-term protection and can enhance functionality with features like an integrated kickstand or wallet.To help you find the right case, we’ve collected our favorite cases for the iPhone 16 Plus from extensive testing, including options from Apple and third-party companies like Smartish, Otterbox, and others.Among the best iPhone 16 Plus cases, our top pick is the Apple Clear Case with MagSafe, which offers long-lasting clarity and protection and an exceptional MagSafe connection. For a budget option, we recommend the Smartish Gripmunk with MagSafe case, which provides solid protection at an affordable price and…
Expro has been awarded multi-year Tubular Running Services (TRS) contracts by two leading Super-Major operators in the Gulf of America/Gulf of Mexico, covering both deepwater drillships and platform rigs. Collectively valued at over $80 million, these contract awards integrate Expro’s most advanced technologies, including the E&P Special Meritorious award-winning Centri-FITM platform. Centri-FITM serves as the operational hub, designed to drive efficiencies through personnel reduction, eliminating red zone entries and enhancing repeatability to optimize performance. In collaboration with these operators, Expro will also further deploy its Rig Integration “Driller’s Control” Package, iTongTM, and cutting-edge completions technologies – critical components in supporting upcoming…
Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill. “House passage of this legislation is a significant milestone in advancing American energy dominance,” said NOIA President Erik Milito. “Many of the included provisions are vital to preserving the Gulf of America’s role as a strategic energy hub and reinforcing U.S. leadership in offshore energy.” “As the Senate moves forward, we urge lawmakers to deliver a final, balanced reconciliation package that maintains…
Kraken is one of the world’s largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken, a crypto exchange that has spent years in court battling charges brought by the U.S. Securities and Exchange Commission over its digital asset offerings, is preparing to offer tokenized securities, including shares of Apple, Tesla, and Nvidia, to customers outside the U.S, according to a release Thursday.The exchange is partnering with Backed—a firm specializing in blockchain-based financial assets — to offer more than 50 U.S. stocks and ETFs as tokens on the Solana blockchain, the release said.The product, called xStocks, will be available only to…