Tag Archives: Investment

While OPEC considers withholding supply. U.S. crude oil production reached another record last week.

OPEC last sought to drive out shale producers by flooding the market with oil in 2014.

ExxonMobil was heavily criticized over its slower move to embrace the concerns of climate change.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

Clean energy sources could also account for more than 40% of total generation in the global power mix by this date.

BP concluded its purchase of global miner BHP Billiton for $10.5bn earlier this year.

Saudi Aramco is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic).

The U.S. is ready to help Europe to diversify its energy supply.

The oil market could tip into a shortage in the 2020s because nobody is allowed to fully invest in future oil production.

Weatherford posted a net loss of $199 million (Dh730.8m) for the third quarter year-on-year.