Author : EconomyWatch

Oil costs include expenditure on exploration, extraction, refining and transportation. The oil industry is highly capital intensive. The investment to revenue ratio is about 8% for the entire sector...

Otto Energy, a major independent Australian oil and gas company has decided to formalize its 32 percent farm agreement with Oromin Explorations, which is a big company of Argentina...

Petrobras, a major government owned company of Brazil oil and gas industry has come up with a reviewed version of its medium term investment scheme. As per this plan,...

As per latest news from Indonesia oil and gas industry, Chevron and ExxonMobil, major oil and gas companies from USA, have entered into a contract for supplying natural gas...

Iraq Oil Industry has got one of the biggest reserves of oil in the whole world and the economy is very much dependent on the export of Oil. But...

As per reports from Algeria oil and gas industry, a seventh round of licensing was held during December. Four major deals were signed in this round by major oil...

Oil pipelines are the safest transportation system used for carrying oil to markets, large reserve facilities or refineries. Not only are they an economical way to deliver oil, oil...

Oil production and oil supply have spiked following the discovery of oil reserves in the Al-Ghawar field (Saudi Arabia) in 1948 and the Saffaniyah field (Persian Gulf) in 1953....

A business industry is a comprehensive collection of businesses of different scales, engaged in varied commercial activities for earning a profit. Particular business industries may be classified by the...

Industry standard is the optimum criteria for any industry to function and carry out operation in their respective fields of production. Industry standard envisages the regulated, lawful, logical usage...