Schlumberger opens Saudi Arabia manufacturing center
The center will manufacture well completions technologies including liner hangers and packers and isolation valve technologies, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries. Source
Oil short-selling triples since the start of 2020
Hedge funds are bracing for more trouble in the oil market, even after crude rebounded for a second week on hopes the coronavirus outbreak’s threat to economic growth is waning. Source
Saudis stake $110B on Jafurah unconventional gas field
Saudi Arabia plans to invest 412 billion riyals ($110 billion) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency. Source
Oil falls sharply alongside other commodities as uncertainty grows
Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while gold soared toward $1,700 an ounce amid a flight to haven assets. Source
Frac Sand News From The Web
Oil falls sharply alongside other commodities as uncertainty grows
Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while gold soared toward $1,700 an ounce amid a flight to haven assets. Source
Community Energy Addresses Climate Change, Offers Clean Energy Options with Ubersmith Business Management Software
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices. Source
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Fracking: A Decade Of It In Four Charts
About a decade ago, the united states ranked third in worldwide oil production. At that time, they only trailed behind Russia and Saudi Arabia. Fast-forward to today, the Us leads the world in both natural gas and oil output. The USA has more than doubled the amount...
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