Nine in ten US shale oil companies are burning cash, according to Rystad Energy.
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Iran oil sanctions won’t push Brent past $80 in Q2: Gulf Intelligence
59% of respondents felt oil price movement would be determined by OPEC+ and whether it extends output cuts
Libya NOC forms emergency committee to investigate Tripoli Oil Clinic fire
NOC Chairman Mustafa Sanalla said the committee would quickly figure out how the fire began
Libya NOC to develop North Hamada oilfield
North Hamada oilfield is located in concession 47 of the Ghadames basin in the Northwest of Libya
Dragon Oil will reportedly buy BP’s $600mn stake in Egypt company
This deal is part of Dragon Oil’s ambitious $13bn expansion plan
Oil potential remains abundant beyond shale
The Association of International Petroleum Negotiators (AIPN) International Petroleum Summit, held in Houston this week, focused on a number of themes which will help companies determine a strategy for the years ahead.
Predictive maintenance gains greater significance in oil and gas industry: GlobalData
The adoption of predictive maintenance technologies is helping companies cut back on operational expenditure by optimizing maintenance scheduling and driving productivity
Saudi Aramco’s crude oil-to-chemicals technology: The next revolution for oil and gas?
SABIC and Saudi Aramco are venturing in a crude oil to chemicals (COTC) complex in Yanbu, which is expected to have a direct conversion rate from crude oil to chemicals of around 50%
Tachyus raises $15mn to expand oil and gas AI platform
The physics-based AI software company has joined Cottonwood Venture Partners’ digital oilfield portfolio
Exxon Mobil staff evacuation from Iraq ‘unacceptable’: Oil minister
60 foreign employees were reportedly evacuated from West Qurna 1 oilfield