With oil demand at about 1.2 million bpd and production at about 800.000 bpd. investors in Indonesia’s oil and gas sector will have a big supply gap to fill.
Read More »Russia and China Continue to Boost Oil Ties
Russia and China are growing their partnership and investment links as Moscow scrambles to find ways to fund oil and gas projects that are made difficult under Western sanctions.
Read More »Iraq and Iran Boost Oil Exports in Sales Battle with Saudis
OPEC is to meet in November to discuss a possible extension of the deal beyond March.
Read More »Saudi Aramco Exploring Investment. JV Options in India
Saudi Aramco’s commitment to invest in India’s energy sector comes in the wake of the complete removal of subsidy and administered pricing of auto fuel since October 2014.
Read More »NISOC Set to Finalize First IPC-Based Deal by March
NISOC'.s contractual model conforms to the outlines of IPC. such as terms of 20-25 years and higher rewards for riskier projects. but differs in specifics.
Read More »Saudi Aramco Expands in India
Saudi Arabia is competing with Iraq to be India’s top oil supplier. with Iraq displacing it for a fifth month in a row in August.
Read More »Saudi Aramco Plans to Invest Over $300bn in Next Decade
CEO Amin Nasser also says the outlook for oil supplies is '.increasingly worrying'..
Read More »Schlumberger to Help IOG with Southern North Sea Development Plans
The letter of intent covers the Blythe Hub and Vulcan Satellites Hub developments in the southern North Sea.
Read More »Top BP Executive Warns OPEC Needs to Prolong Oil Output Curbs
The world economy is ``almost as good as it gets.`` with one of the best performances since the global financial crisis of 2008-09.
Read More »Lukoil Plans to Keep Output Steady with New Projects Outside Russia
Lukoil. a big oil products importer on the European market. would continue working on European projects and would keep its retail net in Turkey.
Read More »