Saudi Arabia plans to acquire a 30% stake in Russia’s USD 21-billion Arctic LNG project.
Read More »China Leads Global Crude Oil Refinery Capex
Asia is expected to have the highest planned and announced CDU capacity of 5.4 mmbd in 2022.
Read More »Total Raises Production Growth Target
European peer Eni had earlier lowered its production growth target for the year after profits in the third quarter rose to beat expectations.
Read More »Germany Releases Strategic Fuel Reserve to Cope With Record Drought
Record-low water levels in the Rhine have severely disrupted oil shipments across the country.
Read More »ExxonMobil will Evaluate Hydrocarbon Resources in Georgia
Within the scope of the Agreement. the company will evaluate the potential of hydrocarbons in West Georgia.
Read More »US Attempt to Dominate Global Oil Markets
OPEC has no capacity to compensate for a lack of oil output caused by the US.
Read More »Europe`s Economy could Suffer from Iran Sanctions
Iran’s exports of crude oil and condensate peaked in June at about 2.7 million bpd.
Read More »China Cuts Iran Oil Purchases Ahead of U.S. Sanctions
Sinopec and CNPC are skipping bookings for November because it is unclear if Chinese buyers could win waivers from the sanctions.
Read More »Oil and Gas Project Spending Needs to Increase by 20%
Annual spending is around £77billion too low to sustain production and ensure future demand growth.
Read More »Qatar will Boost LNG Production Capacity
The expansion will put Qatar well ahead of Australia.
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