Oil price downwards.. Is it a plan to lay off some producers?

Chee Yew Cheang from Rigzone Staff concluded that low oil prices showed little signs of a turnaround. He shared views with some industry players at a recent Singapore forum (14th Annual Marine Money...

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Though declining oil prices, UAE didn’t cancelling oil project

Though oil investments have been cut by $200 billion this year 2015 and will probably drop again during the next year, UAE expands its oil investments and pushing ahead with large new energy...

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Decline in oil prices.. is temporary or permanent?

Prince Abdulaziz bin Salman, Saudi vice oil minister: ‘Price surge after cutbacks” November 09, 2015, Wael Mahdi and Mohamed Aly Sergie DOHA, Qatar (Bloomberg) — The scale of the global oil...

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The falling oil prices to confuse world

Oil prices have decreased to the lowest level since 2009 indicating that the world oil glut will continue.   Most of OPEC member countries are sustaining their production, and the U.S stockpiles...

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Intergas VII – Oil, Gas & Petrochemicals Conference & Exhibition

Intergas VII – Oil, Gas & Petrochemicals Conference & Exhibition 24 – 26 November 2015, Royal Maxim Palace Kempinski, Cairo, Egypt http://www.intergas-egypt.com/ Key Players of...

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Oil and gas CEOs jointly declare action on climate change

The chief executive officers of 10 of the world’s largest Oil and Gas companies – which together provide almost a fifth of all oil and gas  production and supply nearly 10% of the...

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Egypt: Eni achieves giant gas discovery in the Mediterranean offshore Egypt

Italian Oil Company Eni declared some days ago the Mediterranean’s biggest-ever and the world’s 20th largest gas discovery offshore Egypt, in the Zohr field located in the Shorouk Block...

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UK: Backing onshore oil and gas industry and developing shale gas

“As part of our long-term plan to build a more resilient economy, create jobs and deliver secure energy supplies, we continue to back our onshore oil and gas industry and the safe development...

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Norway: Oil Minister assures that $40/bbl can’t last for long

Oil prices have decreased to the lowest level since 2009 indicating that the world oil glut will continue. Most of OPEC member countries are sustaining their production, and the U.S stockpiles are...

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Schlumberger to acquire Cameron

In an agreement unanimously approved by the boards of directors of both companies, Schlumberger and Cameron approve a merger in which the companies will combine in a stock and cash transaction valued...

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