Tag Archives: Europe

Total signed a contract in 2017 to develop Phase II of South Pars field with an initial investment of $1 billion.

The two European companies are expected to proceed with drillings on plot 8 next autumn.

Gazprom said it hoped the European Commission would now act to eliminate the violations of free trade rules confirmed by the WTO.

In the short term. supply is not seriously impacted. given that Saudi Arabia. Russia ramped up their oil production.

The Yamal LNG production adds competitive LNG resources to our growing portfolio.

The EU and US work to facilitate trade in liquefied natural gas (LNG).

Russia has repeatedly denied claims that the nerve agent. Novichok. used to poison the pair was developed in the country or the Soviet Union.

Additional costs brought on by a no-deal Brexit would harm the region’s oilfield services exporters.

Currently. oil product exports are taxed on the basis of a percentage of the crude oil export duty. which is tied to the price of oil.

Russia exports up to 500.000 b d of oil. products to the U.S.