June 11, 2018 – OutPut
Breaking News

Day: June 11, 2018

"Production increase is not on the table as the market is stable and prices are good" | OutPut by Rig Lynx

“Production increase is not on the table as the market is stable and prices are good” | OutPut by Rig Lynx

Oil extended declines as Russia was said to increase output before it meets with OPEC, adding to signs that a global coalition of producers is unwinding a pact to restrain supply. Futures dropped 1.1% in New York after a third weekly loss. Russia, which along with Saudi Arabia is trying to garner support for lifting […]

Read More
US Withdrawal from Iran Deal, India and Iran Trade Will Take a Hit | OutPut by Rig Lynx

US Withdrawal from Iran Deal, India and Iran Trade Will Take a Hit | OutPut by Rig Lynx

President Donald Trump withdrew from the landmark Iran nuclear deal in May following months of speculation. Formally titled the “Joint Comprehensive Plan of Action” (JCOPA), the multilateral accord was aimed at limiting Tehran’s disputed nuclear program in exchange for relief from international sanctions targeting Iran’s lucrative oil trade with countries like India. Shortly after the […]

Read More
Total LNG Stepping Up Their Game | OutPut by Rig Lynx

Total LNG Stepping Up Their Game | OutPut by Rig Lynx

Shareholders of Clean Energy, the California-based liquefied natural gas (LNG) supplier for transport, approved on Friday the recent deal with France’s Total under which the latter will buy up to 50.8 million shares of Clean Energy for $83.4 million. Clean Energy shareholders approved, by over 97 percent of the shares present at the company’s annual shareholders meeting, the […]

Read More
European Pact Grabs Another 3 Billion Cubic Meters of Gas and 250 Mill BBLs of Oil | OutPut by Rig Lynx

European Pact Grabs Another 3 Billion Cubic Meters of Gas and 250 Mill BBLs of Oil | OutPut by Rig Lynx

Algeria’s Sonatrach on Monday signed a 25-year extension for exploration and development with France’s Total and Spain’s Repsol for the Tin Foye Tabankort gas field in block 238, the state energy firm said and was confirmed by the French oil major. “These investments will allow to maintain the production of the field, which is currently over 80,000 barrels of oil equivalent per day for […]

Read More
Bitnami