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In eight years. the Obama administration oversaw 11 lease sales. while the Carter Administration authorized a record 36.
Read More »Slow Respond of Oil Companies to New U.S. Lease Plan
Markets are Preparing for OPEC Output Cuts
New projects in Brazil and Canada could add as much as rising U.S. exports.
Read More »Trump Administration Step on JCPOA Ahead of Deadline
Trump has railed against the deal to limit Iran'.s nuclear program in exchange for loosening sanctions reached under his Democratic predecessor. Barack Obama.
Read More »US Aims to Open nearly all Outer Continental Shelf to Oil Drilling
The Trump administration is about to propose the most radical expansion of offshore oil drilling in nearly 40 years.
Read More »US Aims to Open nearly all Outer Continental Shelf to Oil Drilling
The Trump administration is about to propose the most radical expansion of offshore oil drilling in nearly 40 years.
Read More »Schlumberger to Build Land Rigs at King Salman Energy Park
The new center will manufacture products for drilling. exploration and production. as well as midstream.
Read More »U.S. Shale Can’t Offset Decreased Oil Discoveries
WoodMac expects 2018 to be a third consecutive year of increase in the number of project sanctions from the 2015 low.
Read More »OPEC`s Biggest Challenge in 2018: An oil Deal Exit
The exporters group will look to keep prices within the so-called ‘shale band’.
Read More »Shale Shows Restraint with Drillers Closing 2017 at Standstill
Oil output in the U.S. dropped last week for the first time in more than two months.
Read More »China Denies It Is Illegally Selling Oil to North Koreans
China has always implemented UN Security Council resolutions pertaining to North Korea in their entirety.
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