OPEC makes a deal

Now, for the Organization of Petroleum Exporting Countries, comes the hard part. Source: News

OGJ's top tweets of 2016

Industry this year kept a close watch over the nearly perfect V-shaped charting of the US rotary rig count calculated and released each week by Baker Hughes Inc. (BHI). Source: News

OPEC agreement offers the usual tests–and more

Agreement by the Organization of Petroleum Exporting Countries to cut production tests several elements of an oil market inclined toward abundance. Source: News

OPEC limits are positive step in changed market, speakers tell forum

The Organization of Petroleum Exporting Countries took a good first step when its members agreed to limit production and exports at its recent meeting, a former Saudi Arabian petroleum minister said. But the cartel probably won’t exert the kind of global market influence it did in the 1970s and ’80s because unconventional production has established […]

MOL raises production from Pakistan’s TAL block

The Mardan Khel-1 exploration well, drilled in May 2015 on TAL block in Pakistan’s Khyber Pakhtunkhwa province, will add 10,700 boe/d to the block’s output, which now has reached 90,000 boe/d, MOL Group reported. Source: News