Oil & Gas News

Oil prices to skyrocket if U.S. shale stalls
14.03.2019
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Oil prices to skyrocket if U.S. shale stalls
A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively str…
Eni makes major oil discovery offshore Angola
14.03.2019
315
Eni makes major oil discovery offshore Angola
Italy’s oil and gas major Eni said on Wednesday that it had made a major oil discovery in Ango…
Russian oil firms ready to cut production
13.03.2019
269
Russian oil firms ready to cut production
At an energy ministry meeting earlier this month, Russia’s oil majors confirmed that they woul…
Oil markets see an explosion of bullish news
13.03.2019
394
Oil markets see an explosion of bullish news
Oil prices jumped to two-week highs on Tuesday morning, rising on the back of severe outages in Vene…
U.S. wants India to stop buying Venezuelan oil
12.03.2019
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U.S. wants India to stop buying Venezuelan oil
The United States has pressed India to stop buying Venezuelan crude oil as a means of accelerating P…
Venezuela, Iran may be crushed by sanctions, but oil market has not been
12.03.2019
202
Venezuela, Iran may be crushed by sanctions, but oil market has not been
The sanctioning of two OPEC members by the Trump administration has caused some ripples in the oil m…
Oil rises as OPEC output cuts look set to continue while US drilling activity slumps
11.03.2019
256
Oil rises as OPEC output cuts look set to continue while US drilling activity slumps
Oil prices edged up on Monday after Saudi oil minister Khalid al-Falih said an end to OPEC-led suppl…
UK oil and gas production forecast raised
11.03.2019
235
UK oil and gas production forecast raised
Forecasts of how much oil and gas could be produced by the UK offshore industry have been revised up…
UK foreign secretary: Brexit won’t crush oil industry
10.03.2019
164
UK foreign secretary: Brexit won’t crush oil industry
Jeremy Hunt, the UK’s Foreign Secretary assured the oil and gas industry that Brexit will not…
America is set to surpass Saudi Arabia in a 'remarkable' oil milestone
09.03.2019
420
America is set to surpass Saudi Arabia in a 'remarkable' oil milestone
The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids a…
Mexico set to lose billions from auction delay
07.03.2019
303
Mexico set to lose billions from auction delay
Mexico will lose billions as a result of the new government’s decision to delay oil and gas au…
Gusar secures gas exploration drilling contract with Gazprom
06.03.2019
225
Gusar secures gas exploration drilling contract with Gazprom
Plexus Holdings PLC, owner of the proprietary POS-GRIP® friction-grip method of wellhead enginee…
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