Exxon'.s shares heavily underperformed relative to other Oil Majors over the past five years.
Read More »Turkey Begins Fourth Round of Med Sea Drilling
Turkey is currently carrying out hydrocarbon exploration activities in the Eastern Mediterranean with two drilling vessels.
Read More »Russian Oil Production Costs among the World’s Highest
Oil production in Russia remains expensive compared to other parts of the world.
Read More »India`s Oil Demand to Double in Next Two Decades
The Indian government has been engaged in a major effort to introduce electric vehicles and use renewable energy for transport.
Read More »Iran will Use Russia`s $5Billion Loan for Construction of two Major Projects
Russia had agreed to provide a $5 billion loan to Iran for joint infrastructure projects in October 2015.
Read More »Arvand Petchem Plant Gets 70% of Catalysts from Local Suppliers
Iran’s total PVC production capacity is 730.000 tons year.
Read More »Microsoft Joins the Corporate Race to Zero Carbon
Last week. Microsoft joined the likes of Amazon. Apple. Tesla and other tech giants in a pledge to dramatically reduce its carbon footprint in the coming years. In fact. the company aims to achieve carbon negative status by 2030. meaning that it will remove more CO2 from the atmosphere than …
Read More »What will the Energy Sector Look Like in 2030?
The world we live in today is very different to 10 years ago. What change will the coming decade bring? I asked Wood Mackenzie`s analysts from across our business – energy transition. power and renewables. macro oils. petrochemicals. gas. upstream. corporate. economics. metals and mining – to imagine what 2030 could …
Read More »Less Privileged Classes to Pocket Revenues from Gas Price Rise
A total sum of $2.5 to $2.4 billion is estimated to be earned from the gas price hike in the country.
Read More »BP Develops New Technology to Enable Circularity for Unrecyclable PET Plastic Waste
BP plans to construct a $25 million pilot plant in the US to prove the technology.
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