‘Sustained low oil price could prompt large-scale M&A’
Wood MacKenzie report has announced that a sustained period of low oil prices could trigger large-scale mergers and acquisitions (M&A)
E&P
Saudi Arabia oil production hits record high
Saudi Arabia’s oil production has reached a record high of 10.3mn bpd in March 2015, surpassing its previous peak of 10.2mn bpd in August 2013
Bashneft International completes seismic surveys onshore Iraqi block
Russia’s Bashneft International, operator of Bashneft’s overseas upstream projects, has announced the completion of seismic surveys over Iraq’s Block 12
Saudi Arabia increases rig count amid crude price slump
While oil prices have dropped below US$50 per barrel, Saudi Arabia is ramping up the number of machines drilling for oil and gas in the country, say industry experts
‘Oil and gas exploration costs to fall 33 per cent by 2016’
Oil and gas drilling could return to 2014 levels by next year, according to energy research group Wood Mackenzie
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