Oil

Business, Energy, Engineers, Environment, Gas, Geoscience, Nuclear, Oil, Recruitment, Renewables, Solar power, Technology, Wind Power

Why big oil is buying into clean energy

Fossil fuels are facing an uncertain future. In response, Europe’s big oil companies including Shell, BP and Total are venturing into the production, distribution and sale of electricity to industrial, residential and transport markets, in direct competition with traditional multinational utilities such as Enel, Iberola and RWE. This diversification, though […]

Oil field services worker
Gas, North America, Oil, Rigzone

Is the US Shale Boom Winding Down?

In sum, some industry experts expect to see a continued slowdown in new well investment as the industry conserves cash and waits for the bottlenecks to be eased. More bankruptcies are to be expected, especially among smaller players, who are most reliant on attracting new investment to stay in business.

Copyright: chayantorn / 123RF Stock Photo
Business, Energy, Gas, Oil, Rigzone

Aramco Awards $18B in Deals for Oilfield Work

Meanwhile, many industry experts are wondering just how competitive the new output from this investment in the Marjan and Berri oilfields will be, as compared to American shale oil.

OPEC
Business, Energy, Europe, Gulf States, Middle East, Nigeria, North America, Northern Europe, Oil, Rigzone, South East Asia, Western Europe

OPEC Sees Oil Surplus in 2020 Amid Shale Surge

It is likely that any further production cuts by OPEC and Russia to maintain prices will be harder to implement if all it does is boost American oil producer’s profit margins and encourage greater investment in well drilling and completions.

Oil field services marketing
Marketing, Oil, Press Release

Oil Field Services Marketing Toolkit

Today, the market for oil field services and products is ever more competitive. It has been forecast by MarketsandMarkets that the global oil fields services market is growing at some 5% and is expected to be worth at least $144.36 Billion by 2020.