Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.
Read More »Aramco Plans at Least 10 Energy Deals During Trump Visit
Aramco plans to sign an additional agreement with Jacobs Engineering to form a joint venture for project management.
Read More »Brent Crude Oil to Rise
Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.
Read More »Iraq in favor of Extending any OPEC-Led Oil Output Cut
Iraq is with the continuation of a reduction of oil production of OPEC nations and we will push in that direction.
Read More »Iran has No Problem Spending Oil Cash
Iran is faced with no problem when spending its oil money.
Read More »NIOC: IPC Tenders Postponed Due to Elections
The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.
Read More »LNG Global Supply Glut May Persist Until 2020
Like its competitors across the upstream sector. PTT has been cutting the costs of production.
Read More »Iran Sets New Terms for Gas Field Award
Farzad-B was discovered by OVL in the Farsi block about 10 years ago.
Read More »Samsung Heavy Industries Awards Marine Compressed Air System Contract
Höegh LNG has one of the world’s biggest fleets of TMC compressors for FSRUs.
Read More »IEA: Global Oil Market Rebalancing Speeds Up
Global oil supply fell by 140.000 bpd in April to 96.17 million bpd.
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