The oil and gas industry recorded contract value of $31.96bn in Q2 2020, as compared $18.01bn reported in the previous quarter
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Posted inExploration
Saudi Aramco makes two new oil and gas discoveries
The two fields are in the north of country bordering Jordan
Posted inDRILLING & PRODUCTION
US presidents and oil production: A deep dive into Obama and Trump records, Biden’s proposed plan
Rystad Energy presents its analysis of US oil production throughout various presidencies
Posted inProducts & Services
SPARK and Kuwait’s NAPESCO plan $100 million investment in oil and gas facility
The facility will manufacture downhole tools, gyroscopes, and other oilfield equipment
Posted inDRILLING & PRODUCTION
Oil demand could see 97% recovery by Q4: Saudi oil minister
Countries lagging behind with OPEC+ cuts will have to compensate with additional cuts until September
Posted inProducts & Services
Iran’s NIOC signs 13 oil deals worth $1.8bn
NIOC subsidiaries signed deals with 14 local companies
Posted inDRILLING & PRODUCTION
KOC develops three new fields to boost oil and gas production
Once operational, the fields will boost Kuwait’s free gas production capacity to 850 million cubic feet per day
Posted inDRILLING & PRODUCTION
Oil price rises on optimism before OPEC+ meeting
The group is expected to return 1.5 million barrels per day of production to the market