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Oil E&P Confront 53% Increase Over Past Two Years
Oil exploration and production costs have climbed 53 percent in the past two years as prices for everything from drilling rigs to labor continue to surge, according to a new price index released Monday.
The Upstream Capital Costs Index, a compilation of nine items central to the oil and gas industry, has been on the rise [...]
M3nergy eyes more upstream O&G jobs
KUALA LUMPUR: The global thirst for oil has driven crude oil prices to record level and in turn, made marginal oilfield development a potentially lucrative business for contractors like M3nergy Bhd.
“The project secured in India is an opportunity for M3nergy to move higher upstream,” its managing director and chief executive officer Datuk Shahrazi [...]
