Tag Archives: North America

Algeria remains dependent on oil and gas earnings. which provide 60 percent of the state budget.

OPEC wants to develop a closer relationship with the U.S. shale industry.

Companies that continue to operate offshore have particularly poured fewer dollars into wildcat exploration.

Barkindo plans to meet with physical crude traders and oil hedge funds while he’s in Houston.

Over the next five years. Wood Mac expects U.S. shale producers to add some 4 million bpd to their daily production.

Influence on global oil markets is also expected to rise. with U.S. oil exports more than doubling.

Non-OPEC states pledged to jointly reduce oil output by 558.000 barrels per day.

The 7.5 magnitude quake on 26 February triggered landslides and flattened buildings.

GE plans to supply its first turbine for demonstration in 2019 and ship the first units in 2021.

U.S. shale production is going to continue growing strongly.