Jul

Tidewater Inc. takes over GulfMark as offshore drilling heads for recovery

Date: 16 July 2018 Tidewater Inc. is all set to expand its territory to the North Sea basin in UK where a 30% rise in the prices of oil since 2016 end has led to increased rates for operators. Tidewater Inc. announced that it was going to take over GulfMark Offshore Inc. to create a […]

Jul

Production of oil unmoved amid protests says Iraq

oil and gas news

Iran Oil and Gas, Oil and Gas News

Date – 7/16/2018 Iraq says oil output remains unchanged in the face of protests Residents in the southern province of Basra started protests last week asking for employment at the major oil fields in the country which are run by international players such as Lukoil PJSC and ExxonMobil Corp. Iraq has seen regular protests […]

Natural gas CNG refinery in a large space news.

Jun

CNG holdings educates sectors on alternative fuel during expo

oil and gas news

CNG, fuel, natural gas

CNG Holdings aims to educate the equipment manufacturers and the private sector about the various benefits of Compressed Natural Gas (CNG) during an expo to be scheduled on July 11th and 12th at the Kyalami International Grand Prix Circuit and Conference Centre. Wayne Williams, the Group Sales and Marketing manager of CNG Holdings talks about […]

A huge oil industrial establishment with yellow pipelines news.

Jun

Future of major oil companies tied closely to global gas

oil and gas news

north Sea Oil and Gas News, Oil and Gas News

The future of major oil companies is now dependent on the fate of natural gas more than ever before. Major companies like BP and Royal Dutch Shell have already hiked their gas output in the past years. Natural gas is considered the best alternative as it offers a long-term growth in demand due to the […]

The view of an oilfield during sunset. for gas news.

Jun

Personal debt continues to worry as industry predicts better future

oil and gas news

Iran Oil and Gas, OPEC Oil and Gas News

In a recent survey performed by Oil and Gas people in alliance with KPMG, more than 95% of the oil and gas workers reported that they suffered from financial problems due to the downturn in the oil industry. More than 50% of the respondents admitted an increase in debt over the years while 35% of […]

Jun

Oil industry needs more investment in exploration

oil and gas news

Aker Oil and Gas, north Sea Oil and Gas News

As demand continues to increase, the global oil industry needs to look for another North Sea or Iraq to meet the shortage of supply, says Majid Zafar, CEO of Crescent Petroleum. The problem of underinvestment lies in the image of the oil industry developed over the years. People think that it is dying and not […]

Oil rig in the middle of the sea Malaysia

Jun

Shell completes the sale of equity in Malaysia LNG Tiga

oil and gas news

Malaysian Oil and Gas, Shell Oil and Gas

Shell Gas Holdings (Malaysia) Limited made an announcement regarding the sale of equity in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) for US$750 million. The economic date of the transaction is Sept 1, 2017, and Shell has been paid a final amount of US$640 million after the dividend adjustments. The sale is in line with […]

Jun

OPEC works on a moderate output hike to win over Iran’s refusal

oil and gas news

Iran Oil and Gas, OPEC Oil and Gas News

Before the meet in Vienna, the OPEC members discuss a modest hike in oil output in order to strike a balance between Russia’s proposal for a big hike and Iran’s opposition for no change in production. A compromise in the output hike indicates that the resulting increase in supply might be lower than the […]

An oil refinery situated in a large open field for exploration.

Jun

Investors reflect confidence in the prospect of North Sea exploration

oil and gas news

Helicopters Oil and Gas, north Sea Oil and Gas News

Upland Resources has raised a fund of £3 million through a share placing, winning support from both existing and new investors. Upland also said that the fundraising will strengthen the balance sheet of the company ahead of a busy schedule which includes spudding of Wick well in the third quarter and other activities. The placing […]

A huge red oil rig labelled Borgholm Dolphin of saudi

Jun

Saudi Arabia floats a range of ideas for OPEC production boost

oil and gas news

Iran Oil and Gas, Oil and Gas News

Saudi Arabia, the world’s largest exporter of oil, has put forth several plans for a hike in the production of oil to the other OPEC members, as it aims to bridge the gap with Russia. Saudi Arabia has put up different scenarios to raise the oil output including a two-step hike to smoothen the effect […]

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