Latest news
UK oil and gas fields set a production performance for the first time on 15 years
Britain’s oil and gas fields have boosted production for the first time in more than 15 years, according to UK’s government statistics.
read more... 05/01/2016
Oil and gas companies across the world to slash their capital expenditure in 2016
World’s largest oil and gas producers are facing the toughest period of spending cuts in decades, as crude prices are at 11-year lows.
read more... 04/01/2016
Moody’s unveils sharp cut in oil price assumptions
Moody’s sharply curbed its oil price for 2016 by $10 a barrel due to continued oversupply, which may be spurred by the lifting of sanctions against Iran.
read more... 16/12/2015
German BASF to invest $6bln in Iran’s petrochemical industry
The world’s largest chemical company, Germany’s BASF, is envisaging investing $6 billion in Iran’s petrochemical sector, according to director of planning at the National Petrochemical Company (NPC) Hamid Reza Rostam.
read more... 16/12/2015
Total, Goldman Sachs: Oil and gas prices likely to fall further in 2016
The oil prices are not likely to recover in 2016, according to declarations made by France’s Total and Goldman Sachs at a time when Brent crude plunged below $42/barrel following OPEC 168th meeting which did not yielded any production cuts.
read more... 09/12/2015