Oil & Gas News

Oil War Hits Home as Saudis Cut Nearly 5% from National Budget
23.03.2020
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Oil War Hits Home as Saudis Cut Nearly 5% from National Budget
Saudi Arabia announced 50 billion riyals ($13.3 billion) in budget spending cuts after the crash in…
History Shows the 2020 Oil-price War Won’t End Soon
20.03.2020
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History Shows the 2020 Oil-price War Won’t End Soon
How long can the vicious oil-price war between Saudi Arabia and Russia last? If history is any guide…
Oil Falls to Lowest Since 2003 as Global Economy Stalls
20.03.2020
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Oil Falls to Lowest Since 2003 as Global Economy Stalls
Oil extended its slide to the lowest level in almost 17 years as the coronavirus pandemic threatens…
Why Fracking Will Never Be Banned In The U.S.
20.03.2020
497
Why Fracking Will Never Be Banned In The U.S.
Several democratic presidential candidates have proposed fracking bans, but oil companies have room…
A Look At How The Oil Price Crash is Upending Markets
14.03.2020
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A Look At How The Oil Price Crash is Upending Markets
A crude-oil price war in the middle a worsening global virus outbreak sent a fresh wave of volatilit…
Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix
04.03.2020
492
Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix
The coronavirus epidemic is a black swan that has severely disrupted the outlook for the global oil…
Saipem Scoops $500+ Mln EPCI Contracts
28.02.2020
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Saipem Scoops $500+ Mln EPCI Contracts
Italian oilfield services firm Saipem reports it has been awarded several engineering, procurement,…
Schlumberger Opens Saudi Arabia Manufacturing Center
28.02.2020
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Schlumberger Opens Saudi Arabia Manufacturing Center
Schlumberger announced today the opening of a world-class manufacturing center in King Salman Energy…
ADNOC Awards Petrofac $1.65B Dalma Gas Development contract
24.02.2020
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ADNOC Awards Petrofac $1.65B Dalma Gas Development contract
Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dha…
U.S. to Put $1B on Euro Energy Projects
24.02.2020
375
U.S. to Put $1B on Euro Energy Projects
In a move that might make some nervous, the United States — through its “strategic&rdquo…
Oil Traders Could Lose Big On Coronavirus Panic
17.02.2020
491
Oil Traders Could Lose Big On Coronavirus Panic
In a market environment in which the majority of day-to-day traders are retired, moved on, or fired…
India Taking Up The Slack as China Cancels Oil Deliveries
17.02.2020
598
India Taking Up The Slack as China Cancels Oil Deliveries
Distressed oil supplies are being offered to India as the spread of the coronavirus crimps fuel cons…