Tag Archives: International Companies

Statoil is cutting its exploration guidance for this year from US$1.5 billion to US$1.3 billion related to efficiency gains and stricter prioritization.

The start of LNG shipments through the NSR with the Arc 7 ice-class tanker will help to increase cargo turnovers and develop navigation in the Arctic ocean.

Pertamina and NIOC signed a memorandum of understanding (MoU) to carry out a preliminary study on the oil and gas fields.

Gazprom is the only company that currently has the right to export pipeline gas from Russia.

This project is made possible by Air BP and Essendon Fields sharing a vision that growth in aviation requires a competitive fuel service.

Shares of major shale producers. including Pioneer Natural Resources Co. and EOG Resources Inc.. tumbled this week as investors began to lose confidence in the prolific Permian basin.

Over the past two decades. natural gas has emerged as a primary fuel. driven by concerns over greenhouse gas emissions and the desire for high conversion efficiency in power generation.

The U.S. rig count is up 490 rigs from this time last year when it stood at 464. according to Baker Hughes.

According to the Russian Energy Ministry. it expects the EU to further clarify its decision to blacklist two of the ministry’s officials.

The deal for phase 11 of the field marked the first by a major global energy company signed with Iran since the easing of sanctions against Tehran in January 2016.