Tag Archives: Drilling

Iraq is to sign a deal with ExxonMobil and China National Petroleum Corporation for a major energy project soon.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.

Exxon drilled its first successful well off the coast of Guyana in 2015 and since then has made nine more discoveries.

For Exxon. the Permian is still small when placed in the context of its global reach.

Hendi said that cooperation with international companies for exploration of oil fields is continuing as new fields have been discovered in 2017 and 2018.

The U.S. Federal Open Market Committee (FOMC) is set to start a two-day meeting on Tuesday.

The U.S. has been rapidly cutting into its own net import dependence on crude.

Baker Hughes reported a 4-rig decrease for oil and gas in the United States this week—a loss in rigs for the third week in a row.

Shale gas production is growing so quickly that the industry essentially needs more uses for their product.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.