Tag Archives: International News Agency

This cooperation will help the normalization of the socio-economic situation in the country.

Subsidiaries of CNOOC. Hess Corp. Chevron Corp and Statoil ASA each have a 25-percent stake in the project. while Hess is the operator.

These two companies will retain a shared 30 percent interest alongside operator ExxonMobil. which has a 35 percent stake.

Chevron'.s downstream segment earned $1.3 billion for the quarter. up from $357 million in the year-ago quarter.

ONGC aims to produce 15 million standard cubic meters a day of gas and 77.000 barrels a day of oil from the block.

Shale gas will only become a leading driver for growth in the longer-term.

Venezuela’s crude oil sales to the United States in 2017 were the lowest since 1991.

The quality of crude oil is measured based on the amount of sulphur and the level of gravity or density.

Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.

Under an initial agreement. Russia was expected to buy up to 500.000 b d of oil in return for Russian equipment and commodities.