The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says that the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 bpd each year amid lack of investment.
The International Monetary Fund’s regional director believes that that the kingdom needs oil prices to be at least $85 per barrel this year to be able to balance its budget.
The company has passed a recertification audit of the integrated management system for compliance with the requirements of international standards ISO 14001:2015 (environmental management) and OHSAS 18001:2007 (occupational health and safety management).
The event was dedicated to the results of 2017 and to the long-term development strategy of A-Energy.
Commissioner Miguel Arias Cañete’s visited the 1st ever EU-Egypt Sustainable Energy Forum, that took place on Monday.
A-Energy is preparing for the next round of the Third License Round in Mexico.
Oilfield services provider Halliburton returned to quarterly profit on the back of a 34% increase in revenues and improved activity in North America.
Greece launched an international tender to sell a majority stake in Hellenic Petroleum as part of its 3rd international bailout.