The discovery in Gabon is an encouraging development for Petronas.
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Influence on global oil markets is also expected to rise. with U.S. oil exports more than doubling.
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China has been the world'.s largest growth market for energy for the past 15 years.
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NIDC is pursuing two major targets in the neighboring country.
Read More »TOTAL Starts Natural Gas Extraction in the Gulf of Mottama
The M5 field is expected to yield 780 million cubic-feet of natural gas per day.
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Oil prices are responding to the tightening of supply due to the Libyan production halt.
Read More »OPEC – Shale Competiton?
Non-OPEC states pledged to jointly reduce oil output by 558.000 barrels per day.
Read More »Russia`s Rosneft Important Role in Fixing Iraqi Kurdistan Oil Flows
Baghdad says only SOMO has the right to export Iraqi crude.
Read More »Exxon`s Papua New Guinea LNG Project Halts for Eight Weeks
The 7.5 magnitude quake on 26 February triggered landslides and flattened buildings.
Read More »Venezuela`s Saviours?
Both China and Russia have extended massive credits to Caracas.
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