Oil Exploration & Production News

The number of rigs exploring for oil and natural gas in the U.S. rose by 16 this week to 901.

US rig count rises 16 this week to 901; Texas up 8

May 22, 2017

The number of rigs exploring for oil and natural gas in the U.S. rose by 16 this week to 901.

The Schlumberger In-Kingdom Total Value Add roadmap includes the creation of jobs and enables development opportunities for Saudis in oil and gas services and related sectors.

Schlumberger signs Memorandum of Understanding with Saudi Aramco

May 22, 2017

The Schlumberger In-Kingdom Total Value Add roadmap includes the creation of jobs and enables...

Saudi Arabia's energy minister said Monday that he doesn't expect any objections to a nine-month extension to the existing production cut deal between OPEC and non-OPEC members — an agreement that would extend the deal through March 2018.

Saudi oil minister expects extension of production cut deal

May 22, 2017

Saudi Arabia's energy minister said Monday that he doesn't expect any objections to a nine-mo...

Wood Group has signed a 10-year master services agreement with Chevron that allows them to deliver conceptual engineering and procurement services in multiple locations across Chevron’s global onshore and offshore oil and gas asset portfolio.

Wood Group signs global master services agreement with Chevron

May 17, 2017

Wood Group has signed a 10-year master services agreement with Chevron that allows them to de...

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