Nigeria has the world’s ninth largest proven gas reserves. at 187 trillion cubic feet (tcf).
Read More »Loss of Gas Storage Site Will Increase UK’s Reliance On Imports
Storage provides security and flexibility of supply.
Read More »Exxon. BP and Shell Back Carbon Tax Proposal to Curb Emissions
Under the proposal. a $40 carbon tax. rising over time. would be levied on emissions in order to encourage a shift towards renewable energy sources such as solar and wind.
Read More »Shell Signs Five-Year LNG-Supply Deal with Qatargas
Qatargas continues to win new business in an evolving market and this SPA demonstrates Qatargas’ ability and flexibility to capture new opportunities.
Read More »Russia Starts Production of Equipment for Iran Bushehr Nuclear Plant
A number of deals related to long-lead equipment were expected to be signed in the near future.
Read More »Novak: No Plans for Extraordinary Meeting with OPEC
There are no plans for Russia to have an extraordinary meeting with the Organization of the Petroleum Exporting Countries and U.S. shale producers.
Read More »Total Commits $1 Billion to Iranian Gas Project
Total reached a preliminary agreement to invest $4.8 billion to develop the massive gas deposit alongside China National Petroleum Corp.
Read More »Rosneft Discovers Possible Largest-Ever Oil Deposit on Arctic Sea Shelf
Rosneft experts while drilling a prospecting well on the shelf of the Khatanga Bay of the Laptev Sea found that the core is saturated with oil.
Read More »Big Oil’s Ambition Could Transform Offshore Wind
Growth in offshore wind is something the majors cannot afford to ignore as they plan for 2035 and beyond.
Read More »Statoil to Devote Quarter of Research Budget to Low Carbon Tech
Statoil’s strategy focuses on safety. high value creation and low carbon.
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