Tag Archives: Schlumberger

The number of U.S. oil-producing companies filing for bankruptcy has exceeded 200 in the first quarter of 2020, and as billions of dollars in revenue have vanished amid low oil prices, thousands of workers have also lost their jobs. Due to the coronavirus, crude oil prices last month hit their …

Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.

The U.S. Energy Information Administration projected crude output will rise about 8% in 2020.

Saudi Aramco CEO Amin Nasser described the project as the start of the kingdom'.s own shale gas revolution.

Younger generations aren’t hearing the calling to an oil industry that is gearing up for a dramatic talent shortage as mature experts begin to retire.

The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.

Rig counts have fallen sharply over the past year. down more than 20 percent from late 2018.

A shutdown in the rigs will put pressure on Nicolas Maduro’s administration.

After several years in the doldrums. oilfield service companies are beginning to raise prices for their products and services. according to Rystad Energy.

Aramco is a linchpin in the plan to overhaul the Saudi economy by developing new industries and bringing in foreign investors to fuel growth.