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Weatherford, Shell: Your Daily Energy News

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released Tuesday, July 02, 2019

Weatherford, Shell:  Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
Sources: OPEC to Extend Supply Reduction Cuts
- OPEC will extend production cuts into 2020. Ministers meeting in Vienna agreed to prolong supply curbs by a further nine months, delegates said, asking not to be named because the talks were ongoing.

Two Killed at Shell Deepwater Platform - Two workers were killed Sunday during a training exercise gone wrong at Royal Dutch Shell's (NYSE:RDS-A) Auger platform in the deepwater Gulf of Mexico, and a federal investigation is already underway. The accident occurred Sunday morning during a routine safety exercise of the platform's lifeboat launch and retrieval capabilities, Shell said. (Plant 3098213)

CORPORATE
Oilfield Services Weatherford Files for Bankruptcy Protection
- Oilfield services company Weatherford International filed for Chapter 11 bankruptcy protection Monday.

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, eight offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
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