Rosneft has been long trying to persuade the Kremlin to dismantle Gazprom’s monopoly.
Read More »Azerbaijan Inaugurates Southern Gas Corridor Key Terminal
BP’s Sangachal terminal in Azerbaijan meets world safety standards and is now ready for first commercial deliveries in 2018.
Read More »BP Halts Work on North Sea Gas Field due to US Sanctions on Iran
Oil giant is in the process of selling its stake in the Rhum field to a smaller British company.
Read More »Vitol. Glencore. Shell Eye Petrobras’ Nigerian Assets
The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras that owns stakes in two major Nigerian offshore oil blocks.
Read More »BP chief Sees Shale. OPEC Cooling Oil Markets
The surge in U.S. output has been offset by deep supply cuts for over a year by OPEC and other producers including Russia.
Read More »OPEC Oil Capacity ‘Buffer’ to Offsetting Iran Sanctions
A U.S. withdrawal from the Iran nuclear accord could lead to 1 million barrels off the market.
Read More »Oil Majors to Support R&D at Global Industry Gathering in Abu Dhabi
Oil firms will evaluate technical solutions by researchers from around 27 countries at the two-day event.
Read More »Total Risks Losing Gas Field Stake to CNPC If It Quits Iran
Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.
Read More »SOCAR Plans New Petrochemical Investment in Turkish Aliağa
The final investment decision for the realization of this giant investment. which will exceed $3 billion. will be made in 2019.
Read More »Iraq Signs BP Deal for Kirkuk Oilfield Development
Iraq exported 100 million barrels of oil in April. a daily rate of 3.3 million barrels.
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