- Five Major Challenges Facing The Energy Industry
- Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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072016-12
- World oil prices decreasing
- The world oil prices are decreasing on Dec.7 against the backdrop of investors’ doubts that whether OPEC and non-OPEC countries will support the deals to cut the oil output, according to the trading data.
052016-12
- Shale production to grow,offshore output to decline from 2018
- Shale production is expected to grow significantly from 2018,with a yearly addition of 1 million barrels per day,while offshore output will see a decline from the same year,according to Rystad Energy.
032016-12
- Oil keeps rising after OPEC output deal
- Oil prices rose to some of their highest prices of the year Thursday,building on gains made after OPEC struck a long-sought agreement to reduce production by 1.2 million barrels a day.
302016-11
- Norway and Russia to step up cooperation in Arctic hunt for oil
- Russia and Norway have agreed a deal to acquire new seismic data from the neighbouring countries' Arctic batents sea border region to boost the search for oil and gas,the Norwegian oil minsiter told reuters on Monday.
282016-11
- BP plans to keep Azeri Light production at 2015 level
- BP is planning to keep production of Azeri Light oil in Azerbaijan in 2016 at the level of the previous year despite the unfavorable situation, Bakhtiyar Aslanbayli, BP vice president for communications, external affairs, strategy and region, told reporters in Baku Nov. 28.
242016-11
- Happy thanksgiving day!
- Xinxiang Kolanky Technical Co.,Ltd is focus on oilfield chemicals. We started out from the production and R&D of oil field chemicals since 1995.
232016-11
- Aramco,Rowan form new offshore drilling firm
- Rowan companies and the Saudi Arabian oil company(Saudi Aramco)have signed,through their subsidiaries,an agreement to creat a 50/50 joint venture to own,operate,and manage offshore drilling rigs in Saudi Arabia.
212016-11
- U.S.Oil-rig count climbs by 19--Baker Hughes
- The number of rigs drilling for oil in the U.S. rose by 19 in the past week to 471,according to oil-field services company Baker Hughes Inc.
182016-11
- SOCAR commissions new oil well in Caspian Sea
- Azerbaijan’s state oil company SOCAR will additionally produce over 5,470 tons of oil per year as it has put into operation a new horizontal well at the Western Absheron field in the Caspian Sea, said SOCAR in a message Nov. 17.
162016-11
- US to continue oil import, even if its energy dependence wanes
- Even if the US oil import dependence wanes, its allies still require Middle East oil, so it will continue importing, Senior Vice President and James R. Schlesinger Chair for Energy and Geopolitics at the Center for Strategic and International Studies (CSIS) Frank A. Verrastro told Trend Nov.16.
