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New Drilling Announced By Norway

New Drilling Announced By Norway

On the 18th of May, 2016, Norway awarded ten new licenses to thirteen oil exploration companies in its 23rd oil licensing round. Among the selected companies that were given the green light to drill gas and oil in the new sites are two great UK oil explorers, mid-cap...

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Well Intervention Equipment

Well Intervention Equipment

Well Intervention Equipment On oil wells and oil rigs, the flaring up of fire is not something strange. People who work on oil wells have learnt to expect fires which is fire fighting equipment being on hand is so important. Fire extinguishing equipment, placement and...

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Slickline, Braided Line, and E- Line

Slickline, Braided Line, and E- Line

Slickline – single strand wire that is made of Mild steel. Sizes range from 0.072” to >0.125.” Braided Line – multiple strand wire braided to form a single cable that is also non-Conducting. Electric Line (E-Line) – this is a multiple stand wire armor cable around...

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Global Steel Wire Industry Report

Global Steel Wire Industry Report

The Global Steel Wire Rope Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Steel Wire Rope industry. Firstly, the report provides a basic overview of the industry including definitions, classifications,...

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RSS Oil News from Oil-price.net

  • The battle for Libyan oil
    Not long ago, we heard of Libya's long drawn path to freedom. Remember Gaddafi and the civilian uprising in the country? The Arab spring, as it swept Libya unsparing the authoritarian Gaddafi regime, promised to have ushered in a new beginning. But eight years on, how is Libya? Well, the country is mercilessly split between […]
  • Waking into our new volatile age of oil prices
    Consider some recent headlines: "World Bank Warns Of Extreme Volatility In Oil Markets", "International Energy Agency Head: Oil markets are entering an era of unprecedented volatility" and "Oil prices spike, stocks plummet as uncertainty roils global markets - Washington Post" . All was calm when I predicted in February 2018 at oil-price.net […]
  • 4 oil price predictions for 2019
    Last year, we gave out five blazing predictions as we stepped into a brand new 2018. And, how did we fare? Well, the year isn't new anymore but we did get 5 out of 5 of our predictions right! Self-congratulations are in order reaffirming why you read us. For 2019, really it's more of the […]
  • Saudi Arabia steps backwards despite high oil prices
    For a nation, what's a year? Well, in the timing of the bigger picture, not much. Still, a year can cast its shadows long and fast. Essentially, as I was analyzing the ebb and flow of oil prices the past year, I couldn't but reflect on the changes a year can make. A year ago, […]
  • Iran tensions to send oil price past $150 - again
    After scaling a three-year high of $79 a barrel, oil prices fell taking a nine percent drop on the back of better supplies, resumption of Libyan oil production and increased Saudi oil output. But the reversal began soon enough with the prices climbing back. Plenty of reasons? Let's say a single one - sanctions on […]