Economics/Statistics
News
November 05, 2019
Sparrows Group has doubled the size of its operations in the UAE after securing contracts worth in excess of £55 million in the past three months. The awards have resulted in more than 150 new positions being created in the region.
News
November 05, 2019
Saudi Arabia has priced its lighter crude at the widest premium to heavier oil in almost two years as new rules mandating cleaner shipping fuels drive demand for less-sulfurous grades.
News
November 05, 2019
OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood of U.S. shale supplies.
News
November 05, 2019
Ecuador’s plan to boost its economy by attracting foreign oil investment is falling victim to heavy resistance from indigenous groups newly empowered by the protests that rolled across the nation last month.
News
November 05, 2019
Oxy pledged to slash spending by 40% next year after quarterly profit fell short of forecasts due in part to the oil explorer’s $37 billion takeover of Anadarko.
News
November 04, 2019
Ingu Solutions, a Calgary-based technology company whose Pipers technology is dedicated to the pipeline inspection industry, announced it raised growth capital from Energy Innovation Capital and Chevron Technology Ventures.
News
November 04, 2019
MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, for total consideration of $1.57 billion.
News
November 04, 2019
Viewport3 is entering the decom market after securing two pre-removal scanning contracts for North Sea projects with two major operators.
News
November 04, 2019
Shearwater GeoServices has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V.
News
November 04, 2019
Vicki Hollub is set to face investors for the first time since leading Occidental Petroleum Corp.’s controversial $37 billion purchase of Anadarko Petroleum.
News
November 03, 2019
America’s two biggest oil majors are leaning on booming shale production in the Permian basin to weather the gathering macroeconomic storm of lower oil demand, weak commodity prices and slowing global growth.
News
November 01, 2019
The compression system will be powered and controlled from the Nyhamna onshore gas processing plant, which is 120 km from the subsea location. This tieback distance is also a world record for transmitting variable speed power from an onshore facility to equipment on the seabed.
News
November 01, 2019
“Whether or not we participate, it would be wrapped up in how we would see that opportunity versus all the other investment options, because there are a lot of investment options out there right now,” said Stephen Greenlee, Exxon's president of exploration.
News
October 31, 2019
A cargo of contaminated Russian oil was sold at a discount of more than $25/bbl to benchmark crude prices, six months after the consignment first got loaded onto a tanker.
News
October 31, 2019
Oil slid the most in two weeks after Saudi Arabia boosted crude output by more than a million barrels a day against the backdrop of renewed worldwide trade woes.
News
October 31, 2019
Encana's move south is likely to intensify the gloom already hanging over the Canadian energy industry, which has suffered from a lack of pipeline space that has choked off prospects for growth, prompting foreign companies to ditch more than $30 billion of assets in the past three years.
News
October 31, 2019
The move is a boon to explorers constrained by the curtailment program imposed this year to stave off a collapse in western Canadian heavy crude prices brought on by a lack of pipeline space.
News
October 31, 2019
Well, it has finally happened. A perfect combination of overly aggressive environmental activism, combined with fumbling by governmental authorities, has incapacitated the Canadian oil industry. (World Oil Editorial)
News
October 31, 2019
“Our involvement in the early stages of the project means we can work with KPO across a range of work to optimize the Karachaganak field with a focus on achieving an outstanding safety performance and operational excellence,” said Mark Fields, group president of Fluor’s Energy & Chemicals business.
News
October 31, 2019
Petrobras has been using Emerson’s exploration and production software for over 25 years, including solutions for interpretation and modeling, reservoir characterization, formation evaluation and seismic processing.
News
October 31, 2019
"A domicile in the United States will expose our Company to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align us with our U.S. peers," said CEO Doug Suttles.
