U.S. net oil imports. including crude and refined products. last week dropped to just 1.77 MMbpd.
Read More »Saudi Oil Minister Says Cuts to Stay Until Market Balanced
U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.
Read More »Halliburton Launches New High-Speed Telemetry Service
The JetPulse service transmits downhole data consistently over wide depth ranges and complex well trajectories with physical data rates up to 18 bits-per-second.
Read More »IEA Welcomes Greece`s Progress with Energy Sector Reform
Greece'.s economy is decoupling economic growth from increases in CO2 emissions but at a slower rate than the average for IEA member countries.
Read More »Petrobras Begins Negotiation with BP towards Strategic Alliance
For Petrobras. the achievement of partnerships is an important strategy of the 2017-2021 Business and Management Plan.
Read More »Rosneft. National Iranian Oil Company Sign Strategic Oil and Gas Agreement
The parties have agreed upon the main principles of Rosneft’s participation in projects in the Islamic Republic of Iran and approved the path forward plan.
Read More »Qatar Petroleum Part of Winning Consortium for Oil Exploration Offshore Brazil
The block was offered as part of Brazil'.s 3rd production sharing bidding round.
Read More »OPEC Said to Work on Exit Strategy Alongside Cuts Extension
The cartel and its allies. which together control more than half the world’s oil output.
Read More »Russia Cements Top Spot in Crude Sales to China as Saudis Recede
The Asian nation’s imports of Russian crude jumped 61% to a record 6.35 million metric tons in September from a year earlier.
Read More »Schlumberger Introduces Integrated Seat Technology Ball Valve
Conventional ball valves tend to become larger in size and weight as oil and gas companies explore harsher environments.
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