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Venezuela. plus Iran and Libya. were exempted from making voluntary curbs under the OPEC+ deal.
Read More »Venezuela`s Oil Supply Collapse Tightens Global Market
Oil and Gas Industry should Contribute to Low Carbon Future
BP was in fact an early mover into renewables.
Read More »Qatar Plans to Change Gas Strategy due to Geopolitical Issues
One of the reasons behind the shift of Qatar’s gas strategy is the ongoing Saudi-led embargo.
Read More »US Oil Rig Count Rise
U.S. crude oil production in 2018 is expected to rise 1.31 million barrels per day.
Read More »Shell will Decide on Nigeria Oil Field In 2019
Shell operates the project and ExxonMobil. Total. Eni and the Nigerian National Petroleum Co. are partners.
Read More »Iraq will Develop Mansuriyah Gas Field. Nassirya Oil Field
Iraq has failed to lure investors for the project. which includes building a refinery to process crude from the region.
Read More »Study Assesses OPEC’s Spare Capacity Value
The study is based on date only up to October 2014.
Read More »Russian Oil Output Inactive but Remains above Quotas
OPEC and non-OPEC producers will meet in Vienna on June 22-23 to review the current deal.
Read More »Iran. Russia Sign Deal to Develop Two Oil Fields
The cost of developing the fields is estimated at $674 million. with an additional $68 million in indirect costs.
Read More »Iraq Parliament Votes To Create National Oil Company
Kirkuk crude sales have been halted since Iraqi forces took back control of the oil fields from the Kurds last October.
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