Production from all oilfields is close to 300.000 barrels a day.
Read More »Aramco Boosts Fuel Trading in Fight for Asia. Africa Sales
Aramco has said the 400.000-bpd Jazan refinery will start next year.
Read More »Gazprom Export to Add Major New Gas Reserves. Eyes More Auctions
Gazprom exports met around 34 percent of European gas demand in 2016. a record high.
Read More »Russia`s Gazprom Says Construction of Turkish Steam Begins
The cost of the project. announced in late 2014. was seen between $12 and $13 billion.
Read More »How Long Does OPEC Need to Cut Production?
The oil market needs more time to start using up stored inventories. which are on the verge of declining.
Read More »Big Oil Betting On Electric Vehicles
Automaker are feeling pressed by strict emissions reduction rules in Europe and China.
Read More »BP Finds More Than 200 MMbbl in New Resources with Seismic Imaging at U.S. GOM
The innovation has enabled BP to enhance the clarity of images that it collects during seismic surveys.
Read More »Volkswagen Working on Gas-Powered Vehicles for Iran
As a cleaner alternative to gasoline and diesel fuel. CNG reduces tailpipe emissions and fuel consumption.
Read More »MOL Willing to Participate in Iran`s Oil. Gas Sector
The NIOC has increased exports to European customers to 700.000 barrels per day.
Read More »Total Seeks Stake in Aramco
Taking part in the much-anticipated IPO of Saudi Arabian Oil Company. known as Saudi Aramco. is not off the table for oil major Total SA because it could be a good investment. the French group’s chief executive said on Thursday. “We may consider it.” Total’s CEO Patrick Pouyanne said. referring …
Read More »