GlobalData: Foreign firms look to play crucial role in Venezuelan oil and gas sector
The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons.
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The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons.
Fuel price increases will outpace Asian governments’ ability to offset them with subsidies, according to ESAI Energy’s recently published 'Asia Watch'.
The facility, which will support SUEZ’s global research efforts, is located in Tomball, Texas.
NES has continued to pursue a strategy of organic growth complemented by targeted acquisitions.
The company has launched its annual OE Index, which aims to assess the pace and impact of digital transformation in hazardous industries.
Will Scargill, Senior Oil & Gas Analyst at GlobalData, offers his view on the prospects for the sector.
A leading oil and gas sector logistics expert has warned businesses trading with the EU to brace themselves for a period of disruption if the UK leaves the bloc without a withdrawal agreement.
Russia also has the highest new build capital expenditure (Capex) of around US$78.8 billion for the 2018 - 2022 period.
Following Carlos Treviño’s, Pemex CEO, announcement of two new discoveries, Manik-101A and Mulach-1, in Mexico’s shallow water opposite Tabasco state,
The move follows the recent acquisition of the business by The Carlyle Group and marks the company’s transition to becoming an independent, global specialty chemicals leader.
The companies have announced that they have entered into an agreement under which IPC will acquire all of the shares of BlackPearl based upon a share exchange ratio of 0.22 shares of IPC for each BlackPearl share.
Svetlana Doh, Oil and Gas Analyst at GlobalData, offers her view on the impact on the upstream sector.