Crude oil prices drop on imminent OPEC output rise April 29, 2016 // 2 Comments 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 April 27, 2016 // 2 Comments 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 April 25, 2016 // 3 Comments 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 April 22, 2016 // 4 Comments 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 April 20, 2016 // 1 Comment 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 April 20, 2016 // 1 Comment Norwegian multinational oil and gas company Statoil and technology enterprise Kongsberg Maritime have signed an agreement [...]
Oil prices drop after major producers fail to coordinate output deal April 18, 2016 // 3 Comments After a meeting by major OPEC and non-OPEC oil producers fell apart in Qatar on April 17, oil prices plummeted 5% early on [...]
Oil spill chemical dispersant found to severely harm moon jellyfish April 18, 2016 // 2 Comments A study by the Florida International University’s Southeast Environmental Research Center proves that the chemical used as [...]
Value still present for oil and gas in Norway, according to regulator April 15, 2016 // 0 Comments The Norwegian Petroleum Directorate remains positive regarding the value of Norway’s oil and gas industry. They say there [...]
Digital technologies, drones offers oil companies millions of dollars worth in savings April 15, 2016 // 1 Comment “Intelligent pipelines” able to collect data for predictive analysis, unmanned underwater vehicles checking well [...]