Companies

The company encountered 1.5Trillion cubic feet of gas and 42 Million barrels of condensate. in shallow and deep reservoirs.

Venesuela'.s oil production has fallen to just 1.17 million barrels-per-day. a 37 percent drop in the last year.

Novatek plans to boost LNG output to 56mn tonnes by 2030.

Turkey plans to begin drilling in areas off the northern coast of Cyprus'. coast.

It would be silly to make any price forecasts at the moment.

The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

Offshore pipe laying is currently underway in German territorial waters and in the exclusive economic zone of Finland.

German energy company Wintershall has stopped activities in Iran over US sanctions against Tehran.

BP concluded its purchase of global miner BHP Billiton for $10.5bn earlier this year.