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In 2017. Total produced 15.000 barrels of oil equivalent per day (boe d) in Algeria.
Read More »Total Extends Algeria Gas Exploration Contract
ExxonMobil to Start Drilling Off Shore in Guyana
ExxonMobil spent about US$24 million with more than 300 local suppliers in 2017.
Read More »Oil Prices Decline on Rising Supplies from U.S.. Russia
Russian output hit 11.1 million bpd in early June.
Read More »Lukoil Plans to Invest $270 mln in Exploration at Kazakhstan
The two companies will establish a consortium after completing procedures needed for the agreement to enter force.
Read More »Lebanon Launches Search for First Oil & Gas Reserves despite Israeli Threats
Lebanon and Israel’s dispute runs over a triangular area of around 860 square kilometers (332 square miles) of waters.
Read More »US Oil Rig Count Rises 15 to 859
The recent US oil rig peak of 1.609 was in October 2014. at a time oil prices had fallen to the mid-$80s b.
Read More »US Oil and Gas Production is Leaving Saudi Arabia and Russia Behind
The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.
Read More »Rosneft Discovers New Oil Field in Iraq
This discovery as an important milestone in the development of exploration and production projects abroad.
Read More »China to Build Floating Nuclear Power Plant by 2020
The idea was revived in the late 2010s with the rise of demand for power for offshore oil and gas drilling and the creation of safer reactor technologies.
Read More »Total to Expand East Med Oil. Gas Exploration
U.S. energy giant ExxonMobil - with Qatar Petroleum - is scheduled to conduct drilling off Cyprus in the second half of 2018.
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