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Last week. Exxon won the rights to develop 10 offshore blocks in Brazil.
Read More »Drillers Decline Trump’s Marine Sanctuary Offer
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 »Asia`s Iran Oil Imports Reach Five-Month High
The country is aiming to raise oil output to around 4 million bpd by the end of the year and 4.5 million bpd within five years from around 3.8 million bpd in recent months.
Read More »Europeans Set to Build Wind Farms in Khuzestan
Iran'.s installed power production capacity is around 77.000 MW. but output from renewables comprises less than 1% of that amount.
Read More »Iran Close to $10b in Foreign Petrochemical Deals
Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.
Read More »Syria. Russia Discuss Means of Exploring and Investing Oil. Gas and Mineral Wealth
The Russian delegation comprises the Russian Deputy Minister of Industry and a number of senior directors and representatives of Russian oil companies.
Read More »Saudis Pay the Price for OPEC Leadership
The OPEC leader has lost ground to rivals selling in some of its key Asian export markets. most particularly China and India.
Read More »The Next Big Offshore Boom Is About to Happen in Brazil
Exxon will now join these fellow supermajors in the Brazilian shelf. partnering with Petrobras on six of the ten licenses it won.
Read More »US Sanctions Against Iran Would See Grudging International Compliance
If a new deal never materializes. the Trump administration or Congress could reimpose Iranian sanctions immediately.
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