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Texo Engineering appoint new directors and open port of Blyth office
Texo Group, the technology-led Integrated Asset Services specialist, has bolstered its already highly experienced engineering leadership team with the appointment of additional...
Klaw appoints Norwegian distributor to enable local support
KLAW Marine Breakaway Couplings and Dry Disconnect Couplings can now be locally supplied, serviced and refurbished in Norway by its newly appointed distributor Fluid Control Service...
Iran Looks To Boost Oil, Gas Production Capacity With $1 billion Deals
Subsidiaries of the National Iranian Oil Company (NIOC) signed on Tuesday agreements with Iran-based companies aimed at maintaining and increasing the production capacity of nine...
Aramco’s $500 billion Global Expansion
Saudi Aramco will spend $500 billion over the next ten years to expand internationally, with a fifth of the total amount earmarked for petrochemical projects and $160 billion for...
What’s Behind The Continued Selloff In Oil?
Investors are growing increasingly pessimistic about the direction that the oil market is heading in, and their negative outlook is helping to drag down crude oil prices.
Oil markets tremble as Chinese stocks crash
China’s stock market fell sharply on Thursday, dragged down by a range of concerns that should offer a warning to the broader global economy.
Iran reports 46% drop in condensate exports
Iran’s condensate exports fell by 46 percent over the first six months of the Iranian year, from March to September, says local news agency Isna reported
Why the Saudis can’t keep a lid on oil prices
Saudi Arabia is incapable of offsetting all of Iran’s crude oil supplies, according to the latest oil market message shared by several analysts
Underwhelming Opec fuels oil price rally
Oil prices rose on Monday on news that Opec only added a modest amount of additional supply to the market in September, contrary to previous expectations
The biggest risk in today’s oil markets
The oil market is 'tightening up', but the Trump administration could still spoil oil prices if its aggressive trade war against China drags economic growth down
Petrobras aims to cut debt further, boost oil production In 2019
Brazil’s state-run oil firm Petrobras plans to shave another US$10 billion off its huge net debt and increase oil production by as much as 10% to 2.3 million b/d in 2019, chief...
Can India afford to cut Iranian imports to zero?
India is set to cut its imports of oil from Iran by half over the next two months, which will put a significant dent in Iran’s ability to find markets for its oil.
Say goodbye to cheap oil… for now
Oil prices will be much higher over the next few years than previously thought, according to a new report from Barclays.
The biggest threat to the oil and gas industry
Trump’s trade war is taking a toll on the oil and gas industry.
Oil rallies on flurry of bullish news
Oil is on track for a second consecutive week of gains, after two months of losses. Oil prices have climbed 10% in the past two weeks, and the big question is whether or not the...
The Permian could soon have too much pipeline capacity
The Permian could soon have too much pipeline capacity, a glut that will present problems for midstream companies.
All-time low spare capacity could send oil to $150
While the oil market and analysts are trying to guesstimate how much Iranian oil the US sanctions will stifle later this year, they all agree that the sanctions' return is the...
$90 oil is a very real possibility
US sanctions on Iran could push oil prices up to $90 per barrel later this year.
Opec To Rule Oil Markets Till Peak Demand
Opec will continue to play a key role in oil supply and prices in the global oil market through 2040, despite the relentless oil production in the Permian and expectations for...