OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies.
OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies
Schlumberger will own 70% and be the operator of the hydraulic fracturing partnership, to be known as OneStim
The United States imported about 1.3mn bpd from OPEC's top exporter in February
A cut would likely affect China most, as the world's second-largest oil consumer buys close to 90% of Oman's exports
The wells are expected to initially produce 5,000 barrels per day (bpd) and that should increase to 35,000 bpd within a week
Saudi Arabia agreed to finance Egyptian imports of refined products from Aramco for five years in a $23bn deal, but the shipments were suspended last October due to a spat between the two countries
The planned initial public offering (IPO) of Saudi Arabia's oil giant Aramco could encourage other Gulf countries to list parts of their prized oil assets, reversing a steady decline in market listings
The nation's $814bn China Investment Corp would be the principle investor in the planned flotation by Saudi Arabian Oil Co, and CNPC may also invest in the IPO, according to Reuters
The Egyptian ministry said in a statement it was working out a timetable with Aramco for the resumption of shipments
Total said the South Pars 11 project would require investment of about $4bn, with the French firm financing 50.1% with equity contributions and payments in non-US currency
The contract with PDO will be extended by a further three years and will now run until 2021, with an estimated turnover of about $212.60mn for Bilfinger
The contract with RakGas includes the acquisition of 3D Full Tensor Gradiometry (FTG) data as well as processing and interpretative services
The 1,800 deadweight tonne Aris 13 is owned by Panama company Armi Shipping and managed by Aurora Ship Management in the United Arab Emirates, according to the Equasis shipping data website, managed by the French transport ministry
The jump meant Iran replaced regional rival Iraq as India's second-biggest oil supplier - a role Tehran used to occupy before Western sanctions were imposed against it over the country's disputed nuclear programme
Heavy oil accounts for 21% of the world’s crude oil reserves, of which nearly 30% is in the Middle East, at 971bn barrels of heavy crude oil.
McDermott expects to expand its capabilities and capacity in the region to serve its customers in offshore and subsea markets throughout the Middle East, Caspian and other markets in the Eastern Mediterranean Sea and offshore India and East Africa.