Weatherford posted a net loss of $199 million (Dh730.8m) for the third quarter year-on-year.
Read More »U.S. Oil Production Is Set To Soar Past 12 Million Bpd
U.S. production will be growing despite the current capacity constraints in the Permian.
Read More »Poland Signs Deal with US to Reduce Dependence on Russia
According to the deal. PGNiG will receive US liquefied natural gas. challenging the Russian supplier Gazprom.
Read More »TurkStream will be Operational by End of 2019
Natural gas transmission will take around 52 hours from Russia'.s Anapa to the destination in Turkey.
Read More »Exxon Is Big Enough to Take on Any Deal
Exxon still sees a bright future for the oil industry. with 2.5 billion people set to enter the middle class in the next 20 years.
Read More »Gazprom will Increase Gas Deliveries to Austria
Deliveries to Austria will be increased by 1 billion cubic metres per year.
Read More »China`s Sinopec. CNPC Accelerate Oil. Gas Drilling to Rise Output
The aggressive gasification targets and an unusually cold winter last year caused a supply shortage.
Read More »UAE Increase Oil and Gas Production as Iran Sanctions Hit
Saudi Arabia is the only producer with significant spare capacity of around two million bpd.
Read More »Phase Two Development of Libya’s Bahr Essalam Gas Field to Finish by End 2018
The field is operated by Mellitah Oil and Gas. a joint venture between the NOC and Eni.
Read More »Oil Traders Expect Lower Prices
Vitol has now revised down its oil demand growth forecast for next year to 1.3 million bpd.
Read More »