Russia’s state oil company paid $250 million to an external consultant to help secure deals in Iraqi Kurdistan. according to documents that shed new light on transactions that have strengthened Moscow’s presence in the Middle East.
Read More »Saudi`s $100 Billion Shale Plan
Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.
Read More »Oil Major Expects Oil Production will Peak In 2025
Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.
Read More »Sumimoto Heavy Industries Invests $46m in Liquid Air Energy Storage
The new funding will accelerate Highview Power’s cryogenic energy storage expansion globally.
Read More »Eni Targets Oil Output Peak in Clean Energy Drive
Eni is aiming to cut its greenhouse gas emissions by 80% by 2050 in absolute terms.
Read More »Petropars Says to Follow in Total Footsteps in SP11
Over recent years. the South Pars Phase 11 (SP11) development project has been one of the most controversial projects in Iran.
Read More »Iran Ends Monopoly of Building Key Oil Industry Items
The CEO of Iranian Oil Terminals Company announced construction of the NQ900 electric actuator and automatic sampler controller by local experts.
Read More »US Shale Oil Production Growth to Slow In 2020
Saudi Aramco CEO Amin Nasser described the project as the start of the kingdom'.s own shale gas revolution.
Read More »OPEC+ will Take Responsible Approach to Virus
Saudi Arabia supports the further oil production cut. but Russia is yet to announce its final position on the matter.
Read More »UAE’s Latest Natural Gas Discovery Is a Game Changer
Currently. the majority of the UAE’s income is derived from oil exports.
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