The technology focus is expected to continue for the company. which has plans for launches this year.
Read More »IEA: $65-70 Oil Could Cause Surge in U.S. Shale Production
The IEA warned that mostly due to U.S. shale. total supply growth could exceed demand growth.
Read More »Shale Shows Restraint with Drillers Closing 2017 at Standstill
Oil output in the U.S. dropped last week for the first time in more than two months.
Read More »Oil prices rise. but 2018 outlook points to ample supply
Oil prices rose on Monday. although the 2018 outlook points to ample supply despite production cuts led by OPEC.
Read More »UAE. Kuwait Target June for Talks on Phasing Out Oil Cuts
The global agreement to limit production is making progress in re-balancing supply and demand for oil.
Read More »Oil Prices Drop on Increased U.S. Drilling Activity
OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018.
Read More »Saudi Oil Minister Says Cuts to Stay Until Market Balanced
U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.
Read More »Baker Hughes Signs Power Generation Deal with Iraqi Firm
The Halfaya oilfield was discovered in 1976 with 4.1 billion barrels in reserves and is situated in the southern part of Iraq .
Read More »Is This The New Sweet Spot For Shale?
New Mexico may have cheaper prices and costs. but it also has some takeaway capacity and oilfield infrastructure constraints.
Read More »Oil Markets in ‘Wait-and-See’ Mode Ahead of OPEC Meeting
Baker Hughes reported on Friday that the number of U.S. rigs drilling for oil was unchanged at 738. having risen by nine the previous week.
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