In August. Russia pumped 11.21 million barrels of crude daily. almost the same as the July daily production rate.
Read More »Eni Finds New Gas Field in Egyptian Desert
A network to transport the gas has already been established. allowing the newly discovered gas to be easily transferred.
Read More »China`s another Chance in Mideast Energy with Total’s Iran Exit
Chinese companies have invested in Iraq. the United Arab Emirates and Iran in recent years.
Read More »Saudi Arabia Cooperation with Tesla. Preparation for Post-Oil Economy
If the deal goes ahead. it is going to be just one step along the much longer journey for Saudi Arabia.
Read More »TANAP will Strengthen Turkey`s Energy Security
TANAP will account for 10 percent of all gas imports to Turkey. which is important in terms of diversifying supplies.
Read More »Rosneft Approves £1.5bn Share Buyback Plan
The firm will appoint an ``independent agent`` to execute the buyback.
Read More »BP Boss: It’s Time to See Bigger Picture
Media reports claimed Total is looking to sell off more than £1 billion worth of assets.
Read More »Exxon Is Close To Discover A Mega Oil Reserves
Pakistan currently meets just 15 percent of its petroleum demand with domestic crude oil production.
Read More »BP will Dig Its First Exploratory Well in Gulf of Suez
The project is awaiting completion of security approvals and the licenses necessary to start drilling.
Read More »Rystad Energy: BP Embraces Shale in Bid to Maintain Global Production Profile
Rystad Energy expects production to rise rapidly beyond 100 000 bpd.
Read More »