Algeria to double petrol and diesel output in three years
Algeria has announced plans to double its petrol and diesel output when three new oil refineries start production in 2018, according to state energy firm Sonatrach
Industry
ADNOC and Occidental Petroleum signs oilfield evaluation contract
The Abu Dhabi National Oil Company (ADNOC) has signed a technical agreement with US-based Occidental Petroleum to develop the al-Hail and Ghasha oilfields located offshore Abu Dhabi, UAE
OPEC oil production drops three per cent in one month
Oil production from the Organization of Petroleum Exporting Countries (OPEC) decreased to 29.94mn bpd in January 2015 from 30.03mn bpd in December last year, according to recently released Platts survey
Salaries hiked for oil and gas employees in 2014 but unlikely to continue, Hays Oil & Gas reveals
In 2014, global permanent salaries across oil and gas sector saw an increase of 1.3 per cent on an average of US$82,239 after a slight dip in 2013, according to recruiting experts Hays Oil & Gas
More oil and gas mergers and acquisitions in 2015, A.T. Kearney reveals
Global management consulting firm A.T. Kearney has predicted that there will be a significant increase in mergers and acquisitions (M&A) in the oil and gas sector for 2015 as a result of oil prices falling below US$50
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