SCO & BRICS latest news and insights
— In-depth analysis and comments

US oilfield giant expands in Russia.

By Rhod Mackenzie

The American oilfield servicing giant SLB (formerly Schlumberger) is pursuing expansion in Russia this is despite the withdrawal of major competitors following the onset of the Ukraine conflict in 2022, this is according to a Financial Times report citing customs filings and empl...

Russia BRICS Gas Oil Drilling Equipment SLB
Oil drilling in Russia at record levels

By Rhod Mackenzie

Bloomberg believes that 2023 will be the second consecutive year of record oil production in Russia. The oil boom is evident in both the volume of oil exports and its value.

According to BCS Global Markets oil and gas analyst Ronald Smith, Russia has demonstrated greater indepe...

Russia Sanctions EU BRICS Oil Drilling
OPEC wins the long drawn out oil battle with US shale producers

By Rhod Mackenzie

The undeclared conflict between OPEC and the autonomous US shale firms that persisted in recent years has ended with the triumph of the oil cartel. Unexpectedly, it was the major oil and gas companies were responsible for OPEC's triumph , as they are currently buying up every sig...

BRICS USA Oil OPEC Exxon Drilling