(Bloomberg) – Global oil inventories, already near a six-year seasonal low, slumped sharply over the past month with OPEC production cuts and resurgent demand starting to affect the supply of crude. Worldwide onshore stockpiles were seen at about 3.37 Bbbl as of Wednesday, a slump of about about 60 MMbbl from a month earlier, according to e...

(WO) – PGS was awarded a 3D exploration acquisition contract offshore Africa. A Ramform Titan Class vessel is expected to mobilize for the survey in the fourth quarter, and the program has a total duration of 4-5 months. Courtesy of PGS “There is increasing exploration interest in Africa, and this award builds on the recent success of our...