Europe’s decision to respond to the Russian invasion in Ukraine with sanctions, excluding the Russian oil and gas industry, conceals a very uncomfortable truth that Europe (as it currently stands) cannot create more hurt for the Russia economy without devastating the Continent’s own economy in return.
Here is an overview of how the top 3 oilfield services companies performed in Q4 2020. ◼ Schlumberger: Revenue – SLB reported a slight increase in its revenue…
An overview of the world top 3 Oilfield Service Companies based on 2019 Revenue
The global chemical sector should prepare for an extended downturn along with lower-for-longer oil prices, both of which will have big implications for profitability and investments. “It’s very…
OPEC oil output fell by 797,000 bbl/day last month -January 2019, as most of cartel’s members comply with the oil output cut deal in an effort to balance…
Proved oil reserves distribution has changed over the years since the 1990s. Here is an overview of the major changes in proved oil reserves distribution took place between…
OPEC crude oil production increased by approximately 173.4 thousand bbl/day to reach to 32.327 million bbl/day during the month of June 2018. Last month’s OPEC crude oil production…
An Overview of LNG Market in 2017: LNG production in 2017 jumped to a record high of 290m tonnes, up by 12 percent from 2016. The increase in…
Without doubt, there will be various parameters that will play its role in setting the direction of oil prices in 2018. However, the most parameter and the one…
1. Why We Are Looking at Development Cost The collapse in oil price since mid-2014 has affected the oil and gas industry more deeply than many industry participants…
Oil Prices Fall on Iraqi Comment & A Spike in US Dollar Crude oil prices fell below the market threshold of $50 per barrel this week as expected…
Is there really a positive side for low oil prices? Yes there is, it is just that not many people can read between the lines and look at…
