Oil

Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.

The National Oil Company of Senegal. PETROSEN. officially launched the country’s first ever offshore licensing round at the MSGBC Basin Summit &. Exhibition in Dakar. Senegal.

Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs.

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.

The Americans. including Trump. claim that they are standing next to the nations and defend human rights and the freedom of nations.

Libya’s Central Bank Governor Sadiq Al-Kabir called on the international community to help end a week-long shutdown of oil ports by eastern military commander Khalifa Haftar. likening the closures to a bullet in the head.

Reducing methane leaks to the atmosphere is the single most important and cost-effective way for the industry to reduce these emissions.

U.S. oil production from tight formations increased in 2019. accounting for 64% of total U.S. crude oil production.