Wanli Going On
US oil producers had higher CAPEX in fourth-quarter 2016
Forty-four US onshore-focused oil production companies increased capital expenditures by $4.9 billion, or 72%, in fourth-quarter 2016 vs. fourth-quarter 2015, according to a financial analysis from th
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Oil Production Cut 64% Fulfilled by Non-OPEC States
Oil-producing countries outside of the Organization of the Petroleum Exporting Countries (OPEC) have fulfilled the agreement on reducing oil production by 64 percent in March, Kuwaiti Oil Minister Iss
View more newsProduction from major US onshore oil regions to rise 124,000 b/d in May
The seven major onshore producing regions in the US are expected to collectively increase oil output by 124,000 b/d month-over-month in May to average 5.193 million b/d, according to the US Energy Inf
View more newsSaudi Arabia leads MENA investment plans
Saudi Arabia leads countries of the Middle East and North Africa (MENA) in future energy investment, according to a study by Arab Petroleum Investments Corp., Dammam, (APICORP).The kingdom plans to in
View more newsEni awarded two new offshore blocks Ivory Coast
Eni today announced that it has obtained majority stakes in two new exploration blocks off the shore of the Ivory Coast. The two offshore blocks are located approximately 50 km from the country’s coas
View more newsThe 17th China CIPPE Exhibition
The 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE) was held from 20th March to the 22nd March 2017 in Beijing New China International Exhibition Cen
View more newsOil prices changing after US targets Syria
Light, sweet crude oil for May delivery on the New York market rose 55¢ to settle at $51.70/bbl on Apr. 6. Oil prices changing traded sharply higher in New York and London overnight after reports the
View more newsOPEC will extend the willingness to the reduction of output agreement
Many major member countries of the Organization of Petroleum Exporting Countries have recently said that the target oil price will be set at $ 60 per barrel. This means that their will increase the ne
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