The Permian Basin of west Texas and New Mexico has seen the predominant boost in U.S. activity.
Read More »Rising Efforts for Joint Fields` Development
We need to shift our focus to speeding up the development of shared oil and gas fields.
Read More »Aramco `will Spend $18bn on Americas Growth`
Saudi state giant to focus on US refining offshoot Motiva in five-year Americas growth plan.
Read More »Turkmenistan Might Join OPEC Oil Output Cuts
The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.
Read More »General Electric Signs 1 Billion Riyal Deal to Build Gas Turbines in Saudi Arabia
GE and Dussur signed a memorandum of understanding last year that is expected to result in nearly 3.75 billion riyals of investment.
Read More »Asian markets Pause after Oil Rally
Traders are now awaiting the release this week of minutes from the Federal Reserve'.s latest policy meeting.
Read More »Trump`s Proposal to Sell Half of US Reserves Threatens Another Oil Glut
Trump’s first complete budget proposal. released in part on Monday. would raise $500 million in fiscal year 2018.
Read More »Trump`s Soften Stance on Nuclear Deal
Trump is now trying to kick the ball into Iran'.s court by pushing Tehran to violate the JCPOA.
Read More »Possibility of Talks with Zarif
Iran backs regional resistance groups. such as Lebanon'.s Hezbollah. which are considered terrorists by the US.
Read More »GE Signs $15b. of Saudi Deals. MoUs During Trump Visit
The MoU aims to generate USD 4 billion in annual productivity improvement.
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