Oil price rout may trigger major industry shake-up: Wood Mackenzie

factory 1154947 640As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said, “The price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s

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Oil prices plunge on failure of OPEC/non-OPEC talks

zbynek burival GrmwVnVSSdU unsplashOil prices have plunged following the collapse of the OPEC/non-OPEC talks on production cuts and Saudi Arabia’s subsequent announcement that it will increase production from next month

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OPEC Conference recommends production cuts

OPEC conferenceThe OPEC Conference has recommended an extension of the adjustment levels agreed at the last OPEC and non-OPEC ministerial meeting and a further reduction of 1.5 mn bpd until 30 June

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Turbo-charged growth for Deep Casing Tools

Deep Casing Tools WorkshopLeading oil and gas technology development company Deep Casing Tools (DCT) has increased turnover by 120 per cent in 2019 after strategic growth plans saw the company expand its headcount and footprint in major international regions

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ExxonMobil proposes methane regulations framework for oil and gas industry

sunset 2165885 640Oil and gas company ExxonMobil has released a model framework for industry-wide methane regulations

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