OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.
Read More »OPEC Crude Production Drops to Lowest in a Year
Output from Saudi Arabia. OPEC’s de-facto leader and its biggest producer. fell 10.000 bpd from February to 9.87 million.
Read More »Rosneft Opens International Center for R&D in Qatar
The agreement to open the center was signed during the visit of the CEO of Rosneft Igor Sechin to Doha.
Read More »MAN Diesel & Turbo to supply compressor technology for offshore gas production in Vietnam
MAN Diesel &. Turbo will manufacture the ordered compressor systems in Zurich.
Read More »Pouyanne`s Risk on Middle East Oil as Big Rivals Prefer U.S.
Total and its European peers trace a large part of their historical success to gaining access to big and cheap oil deposits in the Middle East and Africa.
Read More »Total Announces Major Deepwater Discovery in the Gulf of Mexico
In the Gulf of Mexico. Total focuses on the deep water domain with working interests in two producing fields.
Read More »IEA: The United States could Become the World’s Largest Oil Producer
Fast-rising production from non-OPEC counties. led by the US. is likely to outweigh demand according to the IEA document.
Read More »CNOOC`s Highest Capital Spending Since 2014
CNOOC expects to drill 132 wells this year. up from 126 wells drilled in 2017.
Read More »Iraqi Oil-Export Ambitions Puts Strain on OPEC Accord
Iraq shipped a record 3.55 MMbopd from Basra. the country’s southern outlet to the Persian Gulf. in January.
Read More »Iraq Loosens Oil Shackles for Premium Prices
SOMO is expected to announce its March official selling prices for Asia. Europe and U.S.-bound supplies around the 10th of February.
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