Companies

Workers voted to down tools in a series of 24 hour and 12 hour strikes.

Big oil companies are pouring money into shale assets. scrambling for access to the best acreage in Texas.

The company has been underexposed to the hottest market in global oil since the sale of its U.S. shale assets in 2010.

Aramco has appointed JPMorgan Chase &. Co and Morgan Stanley to advise on the SABIC deal.

Gazprom has invested tens of million dollars at sensitive oil and gas fields.

Oil producer has alternative channels to transport crude to its customers in Europe.

China’s crude oil production dropped by 2.3 percent on the year in June.

Gazprom planned to borrow 417 billion rubles. one third of the amount needed for the construction (1.2 trillion rubles).

Total produced 2.7 million barrels of oil equivalent per day in the first six month of the year. compared to 2.5m in H1 2017.

The increased spending will push output in the Xinjiang Autonomous Region to more than 50 million tonnes of oil equivalent between 2018 and 2020.