Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue.
Read More »Norwegian Oil Patch Ramps Up Spending To Counter Decline
Norway’s oil and gas companies plan to spend 17 percent more this year. at about US$21.11 billion as they step up their exploration.
Read More »Iran. Europe to Sign MoU to Broaden Economic Ties
A senior Iranian economic official announced that Tehran and several European states are due to ink a Memorandum of Understanding (MoU) to expand economic relations.
Read More »Italy after Cooperation with Iranian Auto-Parts Manufacturers
The president of Italian Parts Manufacturers’ Association and chairman of Autopromatec Exhibition have voiced readiness to enhance cooperation with Iranian automobile parts manufacturers.
Read More »Nord Stream 2 on Schedule despite US Threats to Impose Sanctions
The project is under construction in accordance with the approved schedule.
Read More »Rotterdam Sends Smart Container Around the World
The smart shipping container. Container 42. has left the port of Rotterdam on the first leg of a two-year data-collecting mission around the world.
Read More »Russian-China Relations are Warming the Arctic
Following this month’s fractious meeting of the Arctic Council in Finland. China convened an Arctic conference of its own in Shanghai at which it showcased the cooperation that had been in short supply at the earlier Arctic summit.
Read More »Saudi Arabia Backs out of Major Russian LNG Project
The Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project.
Read More »Russia Launches Nuclear Ice-Breaker Ural
Ural is the third of the new LK-60Ya class of nuclear-powered ice-breakers which are replacing the Arktika-class.
Read More »Shell Starts Production at Appomattox in the GOM
Royal Dutch Shell announced that production has started at Appomattox floating production system months ahead of schedule. opening a new frontier in the deep-water U.S. Gulf of Mexico.
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