Market reports - Page 3
Stay up to date with the latest Market reports updates from the global world expro industry
Statoil invests in offshore digital technology
An integrated operations support centre and a drilling operations centre will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than...
AOM plant obtains FSSC 22000 certification
Advanced Organic Materials (AOM), leading producer of specialty Natural Tocopherols, Vitamin E and Plant Sterols, has obtained Food Safety System Certification, FSSC 22000.
Aker BP strikes oil near Alvheim in the North Sea
Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil.
OPEC-Russia deal could extend until H1 2019
Gazprom Neft – the Russian oil company that has publicly expressed frustration with the OPEC-Russian deal to curtail oil supply – does not rule out that the joint cooperation pact...
Crashing cushing inventories boost oil prices
Oil prices jumped on Thursday after the EIA reported a surprise drawdown in crude oil inventories, ending several consecutive weeks of inventory builds.
Oil prices: collapse now, spike later
Oil prices closed out the week sharply down, wiping out all the gains posted since the start of the year.
OPEC-Russia deal could extend until H1 2019
Gazprom Neft — the Russian oil company that has publicly expressed frustration with the OPEC-Russian deal to curtail oil supply — does not rule out that the joint cooperation pact...
US considers cutting Venezuelan oil imports
Washington may be nearing a decision on extending sanctions against Venezuela to include imports of Venezuelan crude and exports of US refined products to the troubled South...
Chevron announces major oil discovery in deepwater Gulf of Mexico
Ballymore further consolidates Chevron’s position in the deepwater Gulf of Mexico.
Aramco IPO delay fears are all hype
International media sources are once again falling over each other by reporting that the eagerly awaited Aramco IPO is no longer on track for 2018.
Texas set for another oil boom
Texas is set for another oil boom, with production this year expected to hit a record high. That’s according to Karr Ingham, the oil economist who created the Texas Petro Index —...
Rex Energy appoints new chief financial officer
Rex Energy Corporation (the "Company") (NASDAQ:REXX) today announced that it has appointed Curt Walker, the company's current chief accounting officer, to the position of chief...
What could push oil to $100?
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: the consultancy expects crude demand this year...
Chalmit re-introduces the HDL106 LED floodlight
Chalmit are delighted to re-introduce the re-certified and re-tested HDL106 modular floodlight. Designed for hazardous environments, the LED floodlight combines all of the...
New importers keep LNG markets tight
As the US and Australia join Qatar as major natural gas exporters, the LNG supply surge that began to materialise in 2014 continues. Yet despite growing supply, the long-anticipated...
The OPEC deal may end in June
A couple of weeks ago, comments from the UAE’s energy minister spurred the oil price rally higher. What the minister said — or rather, hinted — was that the oil production cut deal...
Shell’s Penguins redevelopment a step forward in North Sea revival
Royal Dutch Shell is breathing new life into an old basin by greenlighting its first new manned installation in the northern North Sea in almost three decades.
New importers keep LNG markets tight
As the US and Australia join Qatar as major natural gas exporters, the LNG supply surge that began to materialise in 2014 continues. Yet despite growing supply, the long-anticipated...
The biggest oil collapse in history
Venezuela’s oil production plunged to new lows in December, surprising even some of the most pessimistic forecasts.
