The change could add nearly 7 percent to the price used to determine the royalty.
Read More »Oil Prices Approaches $70 amid OPEC Supply Cuts
Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.
Read More »China Gas Demand will Reach 360 bcm in 2020
China’s gas demand will reach 360 billion cubic metres (bcm) in 2020 and rise to 480 bcm by 2025.
Read More »Global Gas Consumption Rise with Further US. China Demand
Natural gas consumption increased by 170 billion cubic meters in 2018 compared to 2017.
Read More »China to Build World`s Biggest LNG Tanker
The Chinese company Hudong-Zhonghua Shipbuilding is the country'.s only firm constructing big vessels for LNG transportation.
Read More »World`s Biggest Oil Field is Fading Faster than Anyone Guessed
Ghawar in Saudi Arabia is the world'.s largest conventional oil field.
Read More »LNG will be Big Part of China-U.S. Trade Once Tensions Resolved
China and the United States are moving closer to a final trade deal after months of tough negotiations.
Read More »World`s Most Profitable Company in 2018
The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.
Read More »Trump Issues New Permit for Keystone XL Pipeline Project
The 36-inch diameter pipeline project is planned to begin at Hardisty in Alberta province.
Read More »US Appreciates India`s Efforts to Cut Oil Imports from Venezuela
The US. along with 50 other countries recognized Guaido as the legitimate President.
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