Saudi Aramco plans to grow production and expand operations
Saudi Arabia’s state-run oil company said that production will increase slightly this year. It has also detailed plans on [...]
Oil
Oil price rises 2% in Asia as supply is threatened by Canadian wildfire
At the start of Asia’s Monday oil trading session, oil prices increased more than 2% as supply outages persisted over the [...]
US output drop, Canadian wildfire increase crude oil price
For a second day, oil prices increased as Canada’s oil sands region wildfire cut production and US output declined the [...]
Thousands affected by Canada oil sands wildfire
Eighty thousand people are forced toevacuate as Alberta authorities fight an uncontrolled wildfire burning near Fort [...]
Oil industry bankruptcy approaches magnitude of US telecom bust
This week, a total of 59 oil and gas companies are now bankrupt after Midstates Petroleum MPOY.PK and Ultra Petroleum UPL.NL [...]
Oil price falls after Iraq exports rise to near record in April
Oil price declined a second day after Iraq’s oil exports approached a record high in April, adding barrels to a worldwide [...]
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 [...]
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 [...]
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