Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...
Tags: crude prices, Crude Oil
ArcelorMittal to supply clad steel plate for UAE's largest oilfield Luxembourg-based ArcelorMittal has announced that its Industeel site in Le Creusot, France, will provide 5,400 mt of clad steel plates for the Zakum oilfield, the largest ...
Tags: Clad Steel Plate
MNA reported that the Iranian Offshore Oil Company has managed to boost output at oilfields to a great extent. Mr Mahmoud Zirakchianzadeh MD of IOOC said that output at the Siri and the Salman regions have been increased by 25% and 50% ...
Tags: offshore oilfields, oilfields, oil, oil wells