India ready to pay off US$6.5 billion Iranian oil debt
India is eager to step up their engagement with Iran in the hydrocarbon sector and so, has conveyed its intention to clear [...]
Oil
Halliburton, Baker Hughes terminate US$34.6 billion merger
Halliburton Company and Baker Hughes Incorporated announced on May 1 that they have terminated the US$34.6 billion merger [...]
Polyeco International, Lamor combine global operations to form one environmental service provider
Polyeco International and Lamor Corporation are merging their global service divisions to form the largest worldwide [...]
Single US oil field emits 250,000 tons of ethane gas annually
A new study led by the University of Michigan found out that one US shale oil field is a key culprit in much of the past [...]
Crude oil prices drop on imminent OPEC output rise
Crude oil prices dropped on Friday as a looming rise in Middle East production may drag on the stronger markets seen in [...]
Oil and gas industry looks at debt-driven shakeouts in 2016, says report
AT Kearney, a leading global management consulting firm, released a report on April 25 revealing that 2016 will be a pivotal [...]
Saudi Arabia to introduce post-oil vision for economy’s future
The Saudi Arabia government is expected to release a plan this week that will liberate the kingdom from its reliance on oil. [...]
Researchers create new fabric to help mop up oil spills
BP’s 2010 Deepwater Horizon oil spill on the Gulf of Mexico proved to be one of the world’s worst oil spills in history. [...]
Kuwaiti oil, gas workers end three-day strike
A three-day strike by Kuwaiti oil and gas workers, that had temporarily cut the country’s crude production by nearly [...]
Underwater robots for subsea infrastructure repair and inspection
Norwegian multinational oil and gas company Statoil and technology enterprise Kongsberg Maritime have signed an agreement [...]
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