Wood Mackenzie released a new report that revealed that global upstream capital spending in 2010 will return to higher growth and is set to exceed US$380 billion.
Industry
Additional oil supplies found in Ghawar
Saudi Arabia is hoping to extract more crude from the worlds largest oilfield using new technology, the countrys biggest oil producing company has said.
Saudi Arabia ‘must tame energy use’
Saudi Arabias central bank governor has warned that the kingdom must tame growth in its domestic oil and gas consumption, which are too big for both its population growth and the size of its economy.
Iraq’s proven oil reserves to rise
Iraq has increased the official size of its proven oil reserves with new data suggesting that they have reached 143.1 billion barrels of oil, up from a previous 115 billion barrels, the countrys Oil Minister Hussein al-Shahristani has said.
Oilfield services to 'bounce back'
Schlumberger, the worlds largest oilfield services company, has posted a profit that edged out market forecasts and forecast a quicker industry recovery outside North America.
p>Schlumberger, the worlds largest oilfield services company, has posted a profit that edged out market forecasts and forecast a quicker industry recovery outside North America.More Articles …
