OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year.
Read More »US Active Drilling Rigs Reduce Sharply while Oil Prices Rebound after 7-Week Loss
Most of the oil production growth of the United States comes from the Permian Basin.
Read More »Halliburton`s Vision to have Fully Automated Oil Fields
The company’s ultimate vision is to have an entirely automated oilfield and yes. this means robots.
Read More »US Wants Russia`s Participation in Alaska Shale Gas. Oil Projects
The United States is showing interest in the participation of Russian businesses.
Read More »Brent Oil Stabilizes near $72 as Economic Concerns Weigh
Iran told OPEC on Sunday no member country should be allowed to take over another member'.s share of oil exports.
Read More »US Rig Count Unchanged at 1.057
Among the major oil and gas-producing states. Texas saw the largest gain with an increase of 3 units to a total of 525 rigs working.
Read More »US-Iran Sanctions Give China Lead in World’s Top Gas Field
Total had previously withdrawn from the field in 2009 because of sanctions.
Read More »U.S. China Trade Dispute Affects Oil Price
Iran’s output was the lowest since April last year at 3.75 million bpd.
Read More »Oil Price Rise on Iran Sanctions but Set for Weekly Decline
In the latest round of levies. China said it would impose additional tariffs of 25 percent on $16 billion worth of U.S. imports.
Read More »Iraq’s SGC Awards Flare Gas Contract to Baker Hughes
The modular solution will support power plants with dry gas for efficient power generation.
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