Onshore News By Categories

Onshore News By Categories

Almost one-third (31 percent) of oil and gas companies expect to freeze pay for 2016, according to a survey released Dec. 17 by Aon Hewitt. The “2015-2016 Compensation Planning Research Update for the Oil and Gas Industry” surveyed more than 60 oil and gas organizations representing more than 315,000 industry…
The Society of Petroleum Engineers (SPE) Annual Technical and Conference (ATCE) is taking place this week while the oil and gas industry is in the midst of a perfect storm of low oil prices, brought on by an oversupply and weak global demand. There is uncertainty about the present, but…
Russia may consider allowing Chinese investors more than 50 percent stakes in its strategic oil and gas fields, an official said on Friday, an about-face by Moscow that underlines its need for foreign help to develop energy reserves. While closely guarding control of the oil and gas fields that supply…
In a bid to enhance energy security, India is setting up Strategic Crude Oil Reserves of 5.33 Million Metric Tonnes (MMT) at three locations in the country. Dharmendra Pradhan, Minister of State (I/C) for Petroleum & Natural Gas, informed the Rajya Sabha in a written reply today that the Government,…
Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament. The decision to dip into the National Development Fund underlines the heavy financial pressure which Iran faces from low oil…
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