U.S. oil output to overtake Saudi Arabia, Russia

January 22, 2018 0

U.S. crude oil supply will surpass the 10-million-barrels-per-day (MMBPD) mark this year, overtaking Saudi Arabia and rivalling Russia, the International Energy Agency (IEA) said Friday on its monthly oil report.

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UK’s Upland cancels farm-in deal with Europa

January 22, 2018 0

London-listed upstream company Upland Resources said Thursday it terminated its conditional farm-in agreement for 10% of the Wressle development project following a recent appeals refusal for the project’s application.

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Rig count takes breath, slightly falls

January 22, 2018 0

Coming off the biggest increase in working rigs since early last June, the working rig count onshore in the Lower 48 U.S. states last week fell by a pair of rigs, the weekly Baker Hughes, a GE company, survey reveals.

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Genel updates 2C gas resources in Kurdistan

January 22, 2018 0

London-listed oil and gas explorer, Genel Energy, announced on Friday a “significant upgrade” to the combined 2C contingent gas resources of two of its onshore oil and gas fields in the Kurdistan region of Iraq, Kallanish Energy reports.

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