The U.S.-China trade tension restricts oil from rising further.
Read More »Egypt Signs Two New Oil Drilling Agreements
The oil sector managed from June 2014 until now to sign 63 new oil and gas exploration deals.
Read More »Iran’s Export Pain Could Mean a Tightening Oil Market
This winter could turn out to be a hot one indeed for oil markets.
Read More »Egypt will Exploit New Gas Field from Next October
The new area comprises two deep-water wells. which belong to a concession of the U.S. oil company Shell.
Read More »Oil Price Rise as Production Stopped
With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.
Read More »Schlumberger CEO: Transport Restrictions to Slow Shale Gains
The Permian produced about 3.4 million barrels of oil per day in August.
Read More »Saudi Aramco Awards Baker Hughes Services Contract for Marjan Field
The oilfield is one of the three major offshore expansion projects in Saudi Arabia.
Read More »Equinor Seeks to Build a Core Area in Brazil
Over the last year Equinor has actively participated in new offshore licensing rounds.
Read More »More but Small-Scale Oil Industry Restructuring Ahead
The oil industry went through a lot of restructuring and consolidation after the oil prices crashed in 2014.
Read More »Schlumberger Introduces New MEMS Gyro Surveying Service
The GyroSphere service has been proven through extensive testing and field trials in the North Sea. Ecuador. Africa. and Russia.
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