oil and gas news

Iran Will Regain Production Level status After Sanctions is Lifted Iran will boost its crude oil production within one week once international sanctions are lifted and is determined to regain its lost market share, senior Iranian oil officials reiterated on Oct. 19 according to Oil and Gas Investors Iran will raise production by 500,000 barrels per day […]

Azerbaijan is Thinking to develop Non-Oil Sector Against Oil drop impact Pursuing the policy of developing the non-oil sector in order to ensure economic growth of the country, as well as the recent reduction of energy exports income due to the prolonged oil prices fall on the world market result in the fact that Azerbaijan

Stakeholders Decry Huge impact due to Slump in Oil price Reports Nigeria Guardian Online MORE stakeholders in Nigeria’s maritime sector have continued to lament the negative impact of the drop in price of crude oil in the international market. Specifically, they are complaining of their inability to sustain existing wage bills. Indeed, due to the

North Sea Oil Sector faces perfect Storm, predicts 10,000 job loses, Experts advocate Tax Cuts Evidently as  lower crude prices persists, banks may no longer provide credit. Producers in the North Sea, ranging from giants such as Royal Dutch Shell and Total to smaller players such as EnQuest and Ithaca Energy are contending with the