Multi-billion dollar company lowers profit outlook on weak offshore oil and gas market
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Posted inProducts & Services
Report reveals oil price impact on offshore sector
International rig market hit hard by the oil price plunge
Posted inProducts & Services
Bahri, Hyundai sign deal for 5 new oil tankers
Carriers to be delivered in 2017/2018
Posted inProducts & Services
ENOC presses ahead with Dragon Oil acquisition
Shareholders have until July 30 to agree to the terms of the proposed deal
Posted inNews
OPEC oil production hits three year high
OPEC production levels hit 31.6mn bpd in June
Posted inNews
Gulf Keystone signs Kurdish oil sales deal
Six-month contract was signed with an undisclosed buyer in Kurdistan
Posted inNews
Russia edges out Saudi in oil supply to China
KSA was formerly China’s biggest supplier of oil
Posted inNews
Kurdistan ramps up independent oil sales
Kurdistan has reduced the amount of its oil that is allocated to Iraqi state firm Somo in June
Posted inProducts & Services
Oil and gas layoffs reach 150,000
Figure is expected to rise even further
Posted inNews
Kuwait banking on oil price hike
Kuwait requires a higher price per barrel in order to provide funds for downstream investment