Algeria ranks third globally after China and Argentina in technically recoverable shale gas reserves.
Read More »Eni Launches World`s Biggest Industrial Supercomputer
The state-controlled firm has invested heavily in high-powered computing to give it an edge over rivals in exploration and get its resources to market faster.
Read More »Shell Buys Stake in Blockchain Start-Up
A blockchain is a digitised. decentralised. public ledger of all cryptocurrency transactions.
Read More »Gazprom to Build Second Line of Turkish Stream Gas Pipeline
Both lines of the gas pipeline will be put into operation before 2019 year-end.
Read More »ADNOC to Expand Use of Carbon Capture Technology
Volume of the greenhouse gas locked away underground will be equivalent to more than 1m vehicles each day.
Read More »Aramco is Ready for IPO as Listing Venues up in Air
The kingdom will decide where the stock will be traded. not the company.
Read More »BP to Ramp up Production from Kirkuk Oil Fields
The Kirkuk’s fields including Bai Hassan and Avana currently pump 140.000 to 150.000 barrels a day.
Read More »Goldman Sachs: Crude Prices ‘Likely to Exceed’ Expectation
The market is currently experiencing Brent crude prices at around $70 a barrel. a price not seen since 2014.
Read More »Exxon`s New Discovery in Papua New Guinea
The discovery added to the company'.s ".rapidly growing inventory of low cost supply of natural gas". in Papua New Guinea.
Read More »Chinese Oil Demand to Grow 5% to 12 million b d in 2018
Domestic gas production is forecast to rise 8.8% year on year to 160.6 Bcm in 2018.
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