Date: 16 July 2018 Woodmac: OPEC will continue to be a key player in oil market till 2040 According to a report by Wood Mackenzie, OPEC will continue to be an important player in the oil market until 2040. The global natural resources consultancy also reported that it expects continued growth in production through the medium term till the US plateaus. Following that, the non-OPEC liquid production will lose its...Continue Reading

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 company worth $1.25 billion. The company also said that for each share held, shareholders of...Continue Reading

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 for unemployment, water and power shortages ever since the invasion led by U.S. in 2003....Continue Reading

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 the myriad merits of CNG over other fuels such keeping the engine oil cleaner owing...Continue Reading

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 ease of being transported in liquefied form. Also, exploration of gas is associated with high...Continue Reading