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Tag: oil
Oil prices increase as US production drops
2017-07-06 01:00:00| Offshore Technology
Oil prices have risen after US production fell, although the prospect of oversupply in 2018 continues to loom, which has compelled many analysts to reduce their price forecasts.
Tags: increase
prices
production
oil
Petrobras and CNPC sign MoU to jointly explore oil and gas resources
2017-07-06 01:00:00| Hydrocarbons Technology
Brazilian oil company Petrobras has signed a memorandum of understanding (MoU) with China National Petroleum (CNPC) to form a strategic partnership aimed at exploring oil and gas opportunities in Brazil and abroad.
Oil prices drop as OPEC exports increase
2017-07-05 01:00:00| Offshore Technology
Oil prices have dropped by more than 1% due to growing exports from OPEC and a strong dollar.
Tags: increase
prices
oil
drop
Researchers investigate solution to eliminate harmful bacteria from oil reservoirs
2017-07-05 01:00:00| Offshore Technology
Small changes to oilfield practice could offer the offshore industry with a more sustainable solution to environmental and commercial threats posed by harmful bacteria in subsea oil deposits, according to new research.
Tags: solution
oil
researchers
eliminate
Cardinal Energy closes acquisition of light oil assets in Canada for $300m
2017-07-04 01:00:00| Hydrocarbons Technology
Cardinal Energy has completed its $300m light oil acquisition in Midale, Saskatchewan, and House Mountain, Alberta, Canada.
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