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Exploration

Increased price spread between WTI oil hubs

According to the US EIA, increased Permian production and constrained infrastructure increases have led to a growing spread between WTI oil hubs.

 
 
 
 
 
 
 
 
 

Temporary rig suspensions at Statoil

Statoil has reported that due to overcapacity in the rig portfolio, the COSL Pioneer rig will be temporarily suspended in Q4, 2014.