OPEC Sees Oil Glut Shrinking In Second Half Of Year
OPEC forecasts that the world oil market will be more balanced in the second half of 2016 as outages in Nigeria and Canada help to speed...
Rising Oil Prices Encourage Shale Producers, Dissuade Investors
The oil market just hit a yellow light.
Crude’s advance of more than 90 percent from a 12-year low earlier this year has U.S. shale...
Royal IHC presents new solutions for offshore wind farm construction
IHC is expanding its extensive product portfolio with the introduction of innovative equipment for offshore wind farm installations. This includes a state-of-the-art, inter-array cable-laying...
Coming Wave Of Gas Puts Focus On Finding New Shores
Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the...
Consent for start-up of Rutil
The Norwegian Petroleum Directorate (NPD) has granted the licensees in Gullfaks (production licence 050) consent to start-up the facilities on the Rutil deposit on...
Croatia Signs Contracts for Onshore Oil and Gas Exploration
Croatia signed contracts on Friday with one local firm and one Canadian company that had been awarded onshore oil and gas exploration blocks in...
Union: Petrobras 24-hour Strike Against Temer Will Not Cut Output
Brazil's main oilworkers unions on Friday held a 24-hour strike as part of nationwide protests against the government of interim-President Michel Temer, attacking his...
Oil Demand Boosted As Global Refinery Capacity To Reach Record
Oil demand is set to surge in the short-term as refining capacity hits a record, yet the gains may not hold as a flood of...
How Far Can Oil Rally? Options Investors Bet on Surge Above $100
Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years -...
Siemens improves subsea Ethernet communication
Siemens has successfully developed and tested a new cost efficient product for better subsea Ethernet communication. The Advanced Converter & Switch (ACS) is making...