Oil & Gas News

OPEC to U.S.: Please don't pump so much oil!
12.05.2017
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OPEC to U.S.: Please don't pump so much oil!
OPEC has asked a favor of other major producers: Please stop pumping so much and help us balance the…
UOP signs new Dangote Refinery deal
12.05.2017
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UOP signs new Dangote Refinery deal
Honeywell UOP has been awarded a critical technology and equipment supply contract on Dangote Group&…
Schlumberger launches new fluid mapping-while-drilling service
11.05.2017
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Schlumberger launches new fluid mapping-while-drilling service
Schlumberger today launched the new SpectraSphere* fluid mapping-while-drilling service at the 2017…
Oil price jump pulls stocks higher, NZ dollar hits 11-month low
11.05.2017
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Oil price jump pulls stocks higher, NZ dollar hits 11-month low
Oil prices extended their 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, f…
Oil rebounds after API reports biggest crude draw this year
10.05.2017
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Oil rebounds after API reports biggest crude draw this year
The American Petroleum Institute (API) reported a hefty draw of 5.789 million barrels in the United…
ExxonMobil and employees contribute more than $50 million to U.S. colleges and universities
10.05.2017
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ExxonMobil and employees contribute more than $50 million to U.S. colleges and universities
ExxonMobil and its employees contributed more than $50 million to institutions of higher education a…
OPEC is out of options: How low can oil prices go?
09.05.2017
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OPEC is out of options: How low can oil prices go?
The price of crude has plummeted 13% in recent weeks to below $46, suggesting that the cartel's…
Saudi Oil Minister: OPEC output cut could extend into 2018
08.05.2017
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Saudi Oil Minister: OPEC output cut could extend into 2018
The production cut agreement that OPEC closed last year in a bid to improve oil prices could be exte…
Employment Gains in Oil & Gas in April
07.05.2017
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Employment Gains in Oil & Gas in April
U.S. employment in mining rose by 9,000 jobs in April, according to data released Friday from the Bu…
An unlikely Arctic oil boom has a lesson in progress for Trump
07.05.2017
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An unlikely Arctic oil boom has a lesson in progress for Trump
With the oil industry barely recovering from its most brutal slump in decades, you might expect the…
BHI: Permian, overall US rig counts each up 7
06.05.2017
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BHI: Permian, overall US rig counts each up 7
Drilling activity in the U.S. has increased yet again, with Baker Hughes weekly rig count reporting…
Statoil handing over the Polarled pipeline to Gassco
05.05.2017
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Statoil handing over the Polarled pipeline to Gassco
Statoil transferred the operatorship for the Polarled pipeline to Gassco on 1 May. The 482-kilometre…
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