Tag Archives: Production

Baker Hughes reported on Friday that the number of U.S. rigs drilling for oil was unchanged at 738. having risen by nine the previous week.

Saudi Aramco has been building refineries integrated with chemicals to boost their economics by adding high value products to the supply chain.

The majority of members support the extension of the plan. but the final decision should be taken at the next OPEC meeting.

OPEC and allied oil producers should extend their production cuts beyond March to help rebalance the market.

OPEC and Russia are likely to apply a supply curb deal beyond its March 2018 expiry.

One source said the facility would be mothballed.

The US began its first major international LNG shipments in 2016.

Short term improvement in oil prices may slowdown fiscal reforms.

At least US$10bn of deals signed at flagship industry event. including Adnoc partnership with China’s state oil company.

There were plans to develop LNG production projects in place in the early 2000s.