The U.S. Energy Information Administration estimates that domestic crude oil production will reach record levels in 2018 and 2019.
Read More »Oil Stable as U.S.-China Trade Dispute Weighs
OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year.
Read More »Iran will Drill and Improve Iraqi Oil Wells
Italy’s Eni Company is the winner of 39 oil wells in Iraqi Basra and Zubayr regions.
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 »China Continues Exploration Oil Resources in East China Sea
China’s and Japan’s Economic Exclusive Zones (EEZ) in the area overlap and about 40.000 square kilometers of ocean territory is in dispute.
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 »Equinor`s Oil and Gas Discovery Near Gudrun Field in North Sea
The discovery has been made at well 15 3-11 on the 15 3-4 (Sigrun) located in production license 025. following drilling.
Read More »Total. ENI New Co-operation Up
The two European companies are expected to proceed with drillings on plot 8 next autumn.
Read More »Russia`s Oil Production Growth at Risk by U.S. Sanctions
Russia exports up to 500.000 b d of oil. products to the U.S.
Read More »