Algeria ranks third globally after China and Argentina in technically recoverable shale gas reserves.
Read More »Eni Launches World`s Biggest Industrial Supercomputer
The state-controlled firm has invested heavily in high-powered computing to give it an edge over rivals in exploration and get its resources to market faster.
Read More »Shell Buys Stake in Blockchain Start-Up
A blockchain is a digitised. decentralised. public ledger of all cryptocurrency transactions.
Read More »Gazprom to Build Second Line of Turkish Stream Gas Pipeline
Both lines of the gas pipeline will be put into operation before 2019 year-end.
Read More »Iranian Tanker`s Oil Slick Is Now the Size of Paris
Sanchi had held a million barrels of light condensate oil. which is highly toxic and flammable.
Read More »OPEC Concerned about US Shale Flooding Market
Oil prices edged higher after the report was released to trade above $69 a barrel and later steadied.
Read More »ADNOC to Expand Use of Carbon Capture Technology
Volume of the greenhouse gas locked away underground will be equivalent to more than 1m vehicles each day.
Read More »Iran Can Generate $12b from 6 South Pars Projects
Iran is currently in talks for signing 21 oil and gas contracts which will require an investment of 50 billion dollars by 2030 in the sector.
Read More »Black Box of Iranian Oil Tanker to Be Decoded Next Week
Rastad asked people to follow the news of Sanchi oil tanker and expert opinions on the issue only through the national media and ignore the rumors of the unjust bodies.
Read More »OPEC Corrects Non-OPEC Production Estimates For 2018
Oil prices this month have not been so high in three years.
Read More »