The new company resulting from the merger is expected to be named National Energy Investment Corp.
Read More »Norwegian Company to Provide Technology for Deep-Water Drilling at Azerbaijani Gas Field
Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate. according to the estimations of SOCAR geologists.
Read More »UAE Pledges to Cut Oil Output by 10%
Decision by ADNOC is attempt to meet the country'.s latest OPEC commitments.
Read More »Gazprom Neft Presented Iran Oilfields Studies to NIOC
Iran has so far signed MoUs with 4 Russian companies for developing its oil and gas fields.
Read More »IEA Says No Need to Release Emergency Oil Supplies Due to Harvey
The IEA said it was closely monitoring the storm and would be ready to respond to major oil supply disruptions through its emergency response system.
Read More »Syrian Army Enters Dayr al-Zawr from Badia Desert Region
Daesh controls most of the oil-rich Dayr al-Zawr Province. but the terror outfit is under pressure from Syrian forces advancing from the west.
Read More »Iran Will Export Gas to Basra Soon
Iran (34 trillion cubic meters) and Russia (32.6 tcm) hold the largest proven gas reserves.
Read More »Egypt Signs 3 Contracts for Oil and Gas Exploration Worth $79 Million
American companies are an important partner and a key player in the production of oil and gas in Egypt.
Read More »First Black Female to Head Multi-National Oil Industry – BP
Priscillah’s appointment is in-line with two recent female senior executive appointments to the BPSA leadership team.
Read More »There is No Coordination Between Kurdistan. Iraq in Energy Sector
Over 250.000 barrels of oil are exported out of Kirkuk per day.
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