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NEWS |
Oil Deal On Verge Of Collapse As Russia Balks At Proposed US "Production Cut"
As oil traders look with dread and fear to tomorrow's OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff will not be resolved...
NEWS |
The U.S. energy industry squeezed between virus fears and OPEC price war
For the U.S. energy industry, the bleak start to 2020 turned increasingly dismal by mid-March. As coronavirus fears gutted global demand and a price war between Saudi Arabia and Russia flooded the mar (...)
NEWS |
Rig utilization could fall by 18% in Southeast Asia in 2020 as E&Ps weight their options
Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline. Several oil companies have already made significant cuts to their 2020 capex budgets due to the impact of the (...)
NEWS |
Oil Market Impacts of Covid-19
Oil markets aren’t the first thing that hardly anyone thinks about when reading updates on the novel coronavirus....
NEWS |
Rystad Energy: coronavirus poised to wipe out majority of 2020 oil demand growth
The spread of coronavirus continues to deepen the severity of the blow to global fuels demand. Rystad Energy now expects more than half of global oil demand growth to be lost in 2020...
NEWS |
READ Cased Hole 2020 fundraising to benefit Charlie House
READ Cased Hole in Aberdeen is delighted to name Charlie House as its Charity of the Year for 2020.
NEWS |
Coronavirus now poised to wipe out most of 2020 oil demand growth, no OPEC cure in sight
The spread of coronavirus continues to deepen the severity of the blow to global fuels demand.
NEWS |
Global Oil & Gas Prices In 2020 Set To Fall Short Of Earlier Forecasts As Coronavirus Spreads
As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below (...)
NEWS |
First significant gas regulator innovation in decades ready for UK market
Oxford Flow, the pressure control equipment specialist for the oil, gas, water and industrial process industries, today announces its IM valve has been approved by SGN, for use in its UK gas networks.
NEWS |
BP invested $14bn in Egypt over 5 years, despite widespread corruption
BP’s CEO Bernard Looney has said it has invested $14 billion into Egypt over the past five years.
NEWS |
IR35 review launched, but preparations must continue
‘Lip-service’ IR35 review must not stop Oil & Gas companies getting ready for reform...
NEWS |
Cyprus Rejects Turkish Demands to Stop Offshore Oil, Gas Drilling
NICOSIA – Already drilling for oil and gas in Cyprus’ sovereign waters, Turkey demanded the island’s legitimate government stop foreign companies licensed to operate stop, but was quickly rejected.
NEWS |
Oil falls below $62, heads for weekly loss on China virus concerns
Oil slipped below $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts.
NEWS |
Oil supermajor BP backs offshore wind for lift-off
BP named offshore wind top of a list of key technologies it deems ready for commercial lift-off, fuelling expectations that the oil supermajor will soon join peers such as Shell, Equinor and Total in (...)
NEWS |
Leadership changes herald next chapter for READ Cased Hole
World-leading cased hole logging specialist, READ Cased Hole, has revamped its senior leadership team by appointing Bruce Melvin, formerly CFO, to the role of CEO.
NEWS |
Iran, Iraq and Suleimani: How will things play out for energy markets?
It’s winter in Baghdad, but the US killing of Iranian major general Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis has raised the already heated political temperature....
NEWS |
Enpro Subsea consolidates record year with broadening of patent portfolio
Aberdeen based production optimisation specialist, Enpro Subsea has rounded off 2019 with the granting of supplementary patents which underpin and expand its already robust technology portfolio and fu (...)
NEWS |
New North America facilities position READ Cased Hole for growth
Wold-leading cased hole logging specialist, READ Cased Hole Limited, has reinforced its commitment to the North American oil and gas market by opening new facilities in Houston and Anchorage.
NEWS |
Oil companies swap stakes in Mexico as government holds off on auctions
With Mexico’s government insisting that energy companies increase oil and gas output before it auctions off more of the country’s vast reserves or offers more partnerships with state-run Pemex, firms (...)
NEWS |
How can Oil & Gas companies manage rapidly approaching tax reform?
Oil & Gas companies now have less than six months to make sure they’re ready for tax reforms which will change the way they engage contract workers and the financial risks associated when doing so.
NEWS |
Innovo and Sparrows deliver West African flexible lay spread
Innovo and Sparrows have completed a flexible lay spread contract for a major oil and gas, tier 1 contractor in Angola with Innovo’s Innodrive 700T electrical Reel Drive System (RDS) and a Sparrows te (...)
NEWS |
Workers Benefit From Good Work Plan
Changes to off-payroll working (IR35) rules have been making the headlines for many months. The extent of the reforms, effective 6th April 2020, may have already led to a change in employment status f (...)
NEWS |
North-South gas pipeline project in doldrums
Pakistan has conveyed to Russia that it would not award multibillion-dollar projects to US-sanctioned entities as such a move had already resulted in hampering progress on the North-South gas pipeline (...)
NEWS |
UK Supply Chain ready to support new offshore wind developments
NOF Chief Executive George Rafferty has welcomed the announcement that six UK offshore wind farm developments have been given the go-ahead after securing Contracts for Difference from the UK Governmen (...)
NEWS |
Equinor: We will clean up the Bahamas oil spill
In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas.
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