This week, ExxonMobil announced on Thursday that it has made the world’s third-biggest natural gas discovery in two years at Glaucus-1 well in Block 10, off the coast …
Latest Insight, Analysis & Commentary
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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 …
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Here is a list of oilfield service companies and how they are ranked in terms of their market capitalization: 1. Schlumberger $62.16 Billion 2. Halliburton $27.79 Billion 3. …
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The chart above shows electric vehicles’ market share for selected countries and how Norway seems to be leading the way in the transition to zero emission vehicles and …
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OPEC Strategy Failed, But The Cartel is Not Giving Up
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Crude oil prices have spiked today touching an almost four-year high with Brent Crude jumping above the threshold of $80 per barrel. At the time of writing this …
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Later today, OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) will be meeting in Algiers, Algeria. The (JMMC) consists of six countries, namely- Saudi Arabia, Kuwait, Venezuela, Algeria, Oman, and …
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It takes millions of years for crude oil to be formed, and the process requires the presence of a good and complete petroleum system that consists of: – …
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Unconventional hydrocarbons resources are resources found in reservoirs with geological characteristics and locations that are different from those where conventional oil and gas resources are usually produced. Different …
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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 …