The oil shock has caused oil companies to cut back on exploration and production activities this year, and this could affect liquefied petroleum gas (LPG) output.
The U.S. Bureau of Land Management has postponed a controversial auction of oil and gas leases that multiple groups had planned to protest Tuesday morning.
The International Society for Industrial Security, Jeddah Branch, has honoured Saudi Basic Industries Corporation (Sabic) for its support to the Fourth Forum of the International Society for Industrial Security.
The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched “DME Auctions” platform.
Iran will have to offer lucrative contracts terms to draw back international oil companies at a time when the oil industry is more focused on profitability as it gears up for a longer period of low oil prices, executives said.
Minister for Petroleum, Nixon Duban, announced this afternoon that a new offshore oil and gas project will be developed in Gulf Province.