Latin America'.s active drilling rig count stood at 190 in May. further proof of the upward trend in E&.P investment.
Read More »Shell Seeking International Cooperation and Much Larger Offshore Wind Projects
Most countries around the North Sea do not have a clear agenda on what they’re going to do after 2022.
Read More »Russia on Track to Becoming Global Energy Storage Leader
Moscow expects oil refining to go up to 284 mln tones and gasoline demand to rise 1% in 2017.
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 »Aramco Seals Malaysia Petchem Complex Partnership Deal
Given PCG’s strength in the region’s petrochemicals sector. Saudi Aramco is proud to be entering into a deeper. mutually beneficial partnership in PIC.
Read More »ADNOC Plans Further Oil Output Reduction
For the first quarter of 2017. according to OPEC figures. ADNOC pumped an average 2.935 million bpd and in the second quarter. it produced 2.91 million bpd of crude.
Read More »Iran Looks at New Gas Ventures
Iran is currently producing about 880 million cubic meters a day of natural gas.
Read More »Drillers Decline Trump’s Marine Sanctuary Offer
Last week. Exxon won the rights to develop 10 offshore blocks in Brazil.
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 »Saudis See Economy Shrink in Spite of Higher Oil Prices
In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.
Read More »