Chronic economic meltdown in Venezuela helps fan moderate gains in oil price as OPEC weighs likely production increase.
production
Posted inExploration
Oman Oil weighs up selling Khazzan stake
The shareholding potentially available for sale could be worth around $1bn.
Posted inExploration
Dana Gas receives $40mn from Egyptian government
UAE based natural gas producer has now received almost $90mn so far this year from the North African nation.
Posted inProducts & Services
Telford Offshore awarded a topsides and accommodation support services contract by Protexa
Dubai based firm lands vessels deal in the Gulf of Mexico working on oilfields run by state-owned Pemex.
Posted inExploration
Emerson unveils reservoir software for robust risk analysis, reserves estimates
The announcement strengthens Emerson’s end-to-end E&P software portfolio, helping operators achieve top-quartile performance and greater project certainty on investment and operational goals within new and established reservoirs.
Posted inExploration
Emerson study: $7bn profit potential for unconventional oil & gas operators reaching top quartile
In a ‘lower-for-longer’ oil price environment, many companies are turning to IIoT technologies and the promise of digital transformation to help embed expertise in work processes, improve production and begin the path to operational excellence.
Posted inNews
Libyan oil production reaches 558,000 bpd
Country’s production levels rise despite an increase in violence
Posted inNews
Iran could raise production levels by 500,000bpd
Iran could be on a collision path with OPEC
Posted inNews
Iraq and Iran compete for Opec’s no. 2 slot
Lifting of sanctions on Iran could spark competition within Opec
Posted inNews
Egypt to boost gas production by 500mcft per day
Gas production will be 5.4 billion cubic feet by the end of 2014