UK shale industry gaining momentum: IGas 🔓

June 16, 2017 1

The UK shale industry is gaining momentum as oil and gas explorers Cuadrilla and Third Energy also move closer to drilling their wells, IGas Energy’s CEO Stephen Bowler said on Wednesday in an update to the market.

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Oil supply glut to continue into 2018: IEA

June 15, 2017 0

OPEC and non-OPEC vows to do “whatever it takes” doesn’t seem good enough to rebalance the global oil market before 2018, the International Energy Agency said on Wednesday in its monthly report disclosing for the first time an outlook into next year.

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OPEC’s May output up most since November 🔓

June 14, 2017 0

OPEC reported on Tuesday its largest production increase since November, an addition of 336,000 barrels per day (BPD) to a month average in May of 31.14 million barrels per day (MMBDP), Kallanish Energy learns.

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Repsol reports better-than-expected earnings

May 5, 2017 0

Spanish oil major Repsol reported Thursday a 59% increase in its 2017’s first-quarter earnings, with a net profit of €689 million ($756 million) vs €434 million ($476 million) in the same period in 2016, Kallanish Energy learns in a conference call. 

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