Over the 8 months of the agreement in force. surplus of global oil reserves decreased by 168 mln barrels and now stocks exceed the five-year standard by only 170 mln barrels.
Read More »European Oil Companies Plan Major Carbon Capture Project in Norway
The companies aim to capture 1.5 million tons of carbon dioxide per year in the project'.s first phase.
Read More »Russia. China to Benefit from U.S. Sanctions On Venezuela
Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.
Read More »This Risk-Taking Robot Could Save Lives in the Oil and Gas Industry
In the past 10 years. 22 people have died in accidents during inspections of hazardous oil and gas facilities in the UK.
Read More »Syria. Russia Discuss Means of Exploring and Investing Oil. Gas and Mineral Wealth
The Russian delegation comprises the Russian Deputy Minister of Industry and a number of senior directors and representatives of Russian oil companies.
Read More »Saudis Pay the Price for OPEC Leadership
The OPEC leader has lost ground to rivals selling in some of its key Asian export markets. most particularly China and India.
Read More »Ukraine State Company Wants in on Development of Azerbaijan`s Biggest Oil&Gas Fields
The company is ready to supply gas turbine equipment with the capacity of 6. 15 and 25 MW for the needs of oil and gas companies of Azerbaijan and for regional power supply and power supply of factories.
Read More »Russia`s Gazprom Neft Beefs Up Security at Its Iraqi Kurdistan Branches
The company'.s management is prepared for any situation. Gazprom Neft Middle East CEO says.
Read More »Shell CEO van Beurden says oil prices will be around $60 by the end of the decade
Van Beurden said forecasting oil prices in the short term was ".very difficult.". but he still expected gains.
Read More »German Ex-Chancellor Schroeder Approved as Rosneft Board Chairman
Under the directive. Schroeder was nominated as a candidate for Chairman of the Board of directors of Rosneft.
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