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October 18, 2017 10:29 am

North Sea hit by fall in oil price | FT Business

Oil Near $52 After Industry Data Shows Crude Stockpile Draw

Oil was little changed after an industry report was said to show US crude stockpiles fell, while supplies of products gained.

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China’s CEFC Eyes Big League With Rosneft Oil Offtake Deal

For China, the world’s top crude importer, having access to Russian oil would be a big step towards its ambition to create a globally integrated oil supply chain.

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Emerson Expands Technology Footprint, Acquires Paradigm

Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.

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Capline Owners Gauge Interest in Pipeline Reversal

Marathon Pipe Line, Plains All American, BP may convert crude pipeline’s flow from northbound to southbound.

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Avenue Capital Urges Ocean Rig To Hire Advisers

Ocean Rig UDW’s fifth-biggest investor Avenue Capital Group urged the offshore driller to hire advisers to review ‘opportunities.’

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