This comes as oil prices slid to a one-year low, with Brent crude at under $55 per barrel
vladimir putin
Posted inDRILLING & PRODUCTION
Russia’s Lukoil acquires 5% stake in ADNOC’s Ghasha concession
It joins companies from Italy, Austria, and Germany who have partnered with ADNOC on the Ghasha Concession
Posted inProducts & Services
Saudi Aramco inks 10 agreements with Russian companies
Aramco will purchase a 30.76% stake in Novomet, and signed nine MoUs with Russian companies
Posted inDRILLING & PRODUCTION
Prince Abdulaziz on OPEC+ alliance: “This time is different”
The OPEC Joint Ministerial Monitoring Committee is due to meet in Abu Dhabi on 12 September
Posted inDRILLING & PRODUCTION
Russia and Saudi Arabia agree to extend OPEC+ oil output cuts
The cuts would remain the same for a period of up to nine months
Posted inDRILLING & PRODUCTION
Oil price climbs almost 5% after Saudi-Russia agreement, US-China truce
The price of Brent crude started recovering from a sharp drop in November, jumping 4.7% in the past week