Parvin Faghfouri Azar

ConocoPhillips Makes Norway Gas Discovery

The Norwegian Petroleum Directorate (NPD) has announced a minor gas discovery southwest of the Skarv field in the Norwegian Sea at wildcat well 6507/4-3 S. Preliminary estimates indicate the size of the discovery, which is operated by ConocoPhillips Skandinavia AS, is less than 0.1 million standard cubic meters of recoverable …

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US Oil Reserves Running Low

Washington has been actively selling from its Strategic Petroleum Reserve (SPR) over the past year to keep energy prices from rising even higher, Bloomberg reported on Friday, noting that the government can’t keep tapping the reserves forever. According to the report, over the past year almost 115 million barrels were …

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Russia can Reach LNG Target

Russia still can reach its ambitious LNG expansion target despite the shift of focus to domestic technology, Novatek CEO Leonid Mikhelson said Friday. The importance of LNG expansion intensifies with Russian piped gas exports to the EU facing a sharp reduction in the long term, Mikhelson told a briefing on …

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