Saudi Aramco makes short-term output cuts, plans long-term global growth
Even as it reins in its production following the December 2018 OPEC+ decision to cut output, Saudi Arabia is looking .....
Dana Gas posts net loss of $186mn for 2018
Impairment costs caused the company to see a net loss in 2018 despite higher revenue and gross profit figures
Eni granted two exploration blocks onshore Egypt
Existing infrastructure is expected to help speed up production if exploration is successful
BP will reportedly invest $1.8bn in Egypt in 2019
BP CEO Bob Dudley noted that since 2017, BP has invested more in Egypt than any other country
Basrah Gas Company to increase capacity by 40% by reducing gas flaring
The programme will capture flared gas from the three major oilfields Rumaila, West Qurna 1 and Zubair and convert it .....
Saudi Aramco makes short-term output cuts, plans long-term global growth
Even as it reins in its production following the December 2018 OPEC+ decision to cut output, Saudi Arabia is looking .....
Dana Gas posts net loss of $186mn for 2018
Impairment costs caused the company to see a net loss in 2018 despite higher revenue and gross profit figures
Eni granted two exploration blocks onshore Egypt
Existing infrastructure is expected to help speed up production if exploration is successful
BP will reportedly invest $1.8bn in Egypt in 2019
BP CEO Bob Dudley noted that since 2017, BP has invested more in Egypt than any other country
Basrah Gas Company to increase capacity by 40% by reducing gas flaring
The programme will capture flared gas from the three major oilfields Rumaila, West Qurna 1 and Zubair and convert it .....

Exploration

ADNOC awards first onshore exploration concession to Occidental
USA’s Occidental will receive 35-year concession and invest $244 mn during the exploration phase of Onshore Block 3
Exploration is the foundation of the oil and gas industry, and not in the way you might think
It is easy to get caught up in the day-to-day bustle of oil production, but its roots are inquisitive minds .....

Drilling & Production

OPEC Secretary-General Barkindo responds to US "NOPEC" antitrust bill
Barkindo told Reuters that "OPEC is neither a cartel nor involved in the business of fixing oil prices."
Upstream oil and gas M&A and capital raising values totaled $47.9bn in Q4 2018: GlobalData
$27.3bn was registered in mergers and acquisitions (M&A) in Q4 2018, representing a significant decrease of 41% from the $46.2bn .....

Products & Services

Rockwell Automation acquires simulation software developer Emulate3D
Software portfolio integrates automation software with 3-D CAD model, enabling customers to test machine and system designs virtually
Ex-Petrofac executive pleads guilty to 11 counts of bribery, UK Serious Fraud Office says
David Lufkin plead guilty to 11 counts of bribery relating to making corrupt offers to influence contract awards worth billions, .....

Newsletter