Tight oil supply will make up 15% of global liquid output by the late 2020s
shale
Posted inDRILLING & PRODUCTION
DNV GL forecasts gas to overtake oil demand as gas capital expenditure grows
The report says usptream gas capital expenditure will grow to a peak of $1.13 trillion in 2025
Posted inEvents
Aramco features strongly at Houston conference
Saudi oil giant participates at unconventional resources event and highlights its innovations.
Posted inDRILLING & PRODUCTION
US administration: energy conservation no longer a priority
Nation’s growing shale industry helping to eradicate dependency on imported oil and gas.
Posted inDRILLING & PRODUCTION
Global oil inventories now below five-year averages
Original target of the output cuts led by Saudi Arabia and Russia has now been met amid talk of raising production in near future.
Posted inDRILLING & PRODUCTION
Trump’s Iran pull-out stokes Brent crude to hit $80 a barrel
Oil prices continue to lift in the wake of President Trump’s Iran decision and Total’s likely South Pars exit.
Posted inDRILLING & PRODUCTION
WTI crude passes $70 a barrel for first time in three years
Oil prices remain bullish as imminent US decision over Iran sanctions and Venezuelan economic troubles spook market.
Posted inExploration
Bahrain targeting finance for 80bn barrel oil discovery
Island kingdom is already assessing investment options to exploit massive offshore shale discovery.
Posted inDRILLING & PRODUCTION
Brent crude hits $74 a barrel in three year high
Declining US stocks and ongoing geopolitical tensions provide perfect storm for oil price spike.
