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The two most critical forecasts of global oil markets offer contrasting visions for 2018: OPEC and IEA.
Read More »The biggest voices in oil disagree on 2018 outlook
Oil Prices Drop on Increased U.S. Drilling Activity
OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018.
Read More »Russia is Developing its Own Subsea Production Technology
Russian pipe companies are also introducing pipes. associated equipment and structural materials for natural gas liquefaction and offshore development projects.
Read More »Shale Drillers Say Higher Oil Prices won`t Spur Rush
Higher oil prices can bring in more cash to the balance sheet.
Read More »How Big Oil Is Transforming Shale
The IEA estimates that the wave of energy digitalization could lower the cost of production by 10 to 20 percent.
Read More »Oil Prices Gain after OPEC Extension of Output Cut
Rising U.S. production helped fuel a slump in prices.
Read More »‘We’ll be on Our Toes to Respond to U.S. Shale’: Al-Falih
The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.
Read More »South Pars Phase 13 Refinery Project Picks Up Pace
South Pars is the world’s largest gas field. shared between Iran and Qatar.
Read More »BP Reported to be Eyeing Cairn Energy Oil and Gas Acreage in Senegal
BP wants to acquire a 30 per cent stake in the SNE field that Edinburgh-based Cairn found in 2014.
Read More »Is This The New Sweet Spot For Shale?
New Mexico may have cheaper prices and costs. but it also has some takeaway capacity and oilfield infrastructure constraints.
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