The price of Brent crude rose to $86.6 per barrel on the news of the output cut
production
Posted inProducts & Services
One integrated network for all your needs in production
Huawei offers an integrated O&G gas field network solution that uses critical technologies for a secure and stable integrated network to foster collaboration and intelligence in production
Posted inExploration & Production
DP World-owned company begins construction of oil production module in Dubai
Following completion, the topside module will be transported to the Karish field for integration onto a FPSO vessel
Posted inExploration & Production
Baker Hughes secures contract from Iraqi oil company to boost gas output
Iraq’s state-owned Dhi Qar Oil Company aims to increase the production of associated gas in the Nassiriya and Al-Gharraf oilfields
Posted inExploration & Production
Saudi oil giant ready to boost crude oil output, if needed
The world’s largest exporter of crude oil said it stands ready to accelerate production to its maximum capacity of 12.3 MMbbl/d over the next three years
Posted inEarnings, DRILLING & PRODUCTION
Big Oil, US shale companies report bumper second-quarter profits
Soaring energy prices and strong demand recovery has boosted Big Oil’s profits, which have exceeded estimates
Posted inExploration & Production
ADNOC awards $187mn EPC contract to Robt Stone for Al Nouf expansion
The investment will help expand the capacity of the ADNOC Al Nouf field from 160,000 barrels per day (bpd) to 175,000 bpd by 2024
Posted inExploration & Production
Production of Permian Basin to recover completely by 2022 from COVID-19 slowdown
Steady production growth along with positive investment outlook has set the expectation of production reaching to the pre-pandemic levels by 2022 after recovering completely
Posted inExploration & Production
Nigerian lawmakers pass petroleum bill – but there is still work to do
The PIB aims to reposition Nigeria’s petroleum sector as an attractive investment destination as the energy transition intensifies competition for capital
Posted inExploration & Production
Uganda to grow oil production in the next five years
Uganda has potential to become top five oil producer in Sub-Saharan Africa in the next five years