• Halliburton says it has cut 9,000 jobs in wake of oil price drop

    Halliburton Co. has cut 9,000 jobs — more than 10 percent of its workforce — in about six months and is considering more cost-cutting moves as falling oil prices sap demand for its drilling help. Halliburton executives disclosed the job cuts Monday on a conference call with investors. The...

  • Iraq’s 2015 Oil Output Seen Flat, Next Year a Challenge

    Iraq’s 2015 Oil Output Seen Flat, Next Year a Challenge Iraq’s oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the OPEC producer to renegotiate its service contracts with oil majors. A...

  • ExxonMobil president calls for faster LNG export approvals

    The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas exports, Rob Franklin, President of ExxonMobil Gas & Power Marketing, said. The U.S. has long...

  • Decline in oil prices is “temporary

    The decline in oil prices is “temporary,” and crude is steadying at $55–60/bbl amid stronger global demand, an adviser to Saudi Arabia’s oil minister said. “I’m very optimistic about recovery of oil prices,” al-Muhanna, a senior adviser to the Saudi oil minister, Ali al-Naimi, said...

  • Schlumberger Will Cut 11,000 Additional Jobs

    Schlumberger Ltd. has said it plans on cutting 11,000 more jobs, in addition to the 9,000 job cuts announced in January, making for a total of 20,000 jobs – approximately 15 percent of its worldwide workforce. The additional job cuts are a result of “the continuing weakness in the upstream oil...

Upcoming Events

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    31 May - 3 June 2015, Hilton Resort Hotel, Kuwait
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    21st -23rd April 2015 Dubai Intl. Convention & Exhibition Centre, UAE
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    March 25-26, Houston, Texas.

Oil Prices of Today

Crudes $/B
Brent 53.43
WTI 43.46
OPEC Basket 48.76

Interviews

  • The Egyptian-Kuwaiti Relations Well-established an...

    At the national days of the Kuwaiti...

  • TOTAL: THE QATAR EXPERIENCE

    TOTAL: THE QATAR EXPERIENCE HISTORICAL...

  • Nathalie Martin-Bea Mardinian interviews Mr. Sudh...

    Regional Manager Middle East-...

  • Samsung Engineering ...

    “We are thrilled to be a part of ambitious oil project of Iraqi government,” said Steve...

    Steve Fludder
  • Dana Gas receives ou...

    “We are pleased to receive this payment, and are working with the Kurdistan Regional Government...

    Rashed El-Grwan