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      U.S. drillers idle rigs for sixth week as oil lingers near $50

      America
      Rigs targeting oil in the U.S. fell by 9 to 605, adding to the 61 sidelined in the previous five weeks and extending a...

      API issues updated standards for hydraulic fracturing

      America
      New editions of API’s hydraulic fracturing standards provide the latest technical direction for operators working to continuously improve well integrity, groundwater protection and environmental...

      Gazprom Neft acquires new licenses in Russia’s Khanty-Mansiysk Autonomous Okrug

      Middle East & South Asia
      Gazprom Neft has acquired additional licenses for geological prospecting, exploration and development at the Yuilsky-3, Lyaminskiy-6 and Severo-Ityakhskiy-1 Blocks, all of which are in...

      Near-term financial risks for U.S. Independents exaggerated: Wood Mac

      America
      The high-growth business models of the U.S. Independents are being tested by low oil prices and tougher access to capital. Two recent Wood Mackenzie...

      Genie Energy confirms significant find in Golan Heights

      Middle East & South Asia
      Genie Energy says preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quantities of...

      Goldman Sachs: This oil rally is not going to last

      America
      Oil has been surging this week but Goldman Sachs is calling for gains to be short-lived. The front-month West Texas Intermediate futures contract enjoyed...

      OMV discovers gas in Latif exploration license in Pakistan

      Exploration Development
      Austria-based oil and gas company OMV has discovered gas in the Latif South-1 exploration well located in the Latif exploration license in the Sindh...

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      US Polyethylene Export Market Report 2017-2020

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      Petrochemical Update released a detailed new whitepaper today, the US Polyethylene Export Market Report 2017-2020 a large 60+ page report detailing the fast-changing US...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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      Falling oil prices and collapsing profit margins are driving the industry to lower costs. Reducing labor costs and gaining supplier concessions can help, but...

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