A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.
Read More »BG Group. Now Part of Shell. Stung Over Safety Failings
Investigators found that a gas detection system. which formed part of the current fire and gas detection assessment. had never been installed.
Read More »OPEC Predicts Higher Demand for Oil in 2018
Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.
Read More »Eni. Anadarko Cooperate in Mozambique LNG Projects
This is a key milestone on the path to a final investment decision for our initial two-train LNG project.
Read More »Baker Hughes to Provide Full Stream Services for Pasca Offshore Project in Gulf of Papua
The project’s first phase includes initial production of NGLs. including condensate and LPG. Dry gas will be exported during the second phase of the project.
Read More »Petronas Looks at LNG Expansion
Petronas will continue to focus on growing its crude oil business which now contributes to 80% of its $1.5 billion revenue from India.
Read More »Poland Plans to Abandon Russian Gas in Five Years
The current contract for the supply of Russian gas to Poland is in effect until January 1. 2020.
Read More »Iraq’s Economic Activity Reduced in 2017 Due to Decline in Oil Production
The IMF noted that the medium-term growth prospects for Iraq are positive.
Read More »US Sanctions Impact Gazprom’s Position in Ukraine Gas Transit Talks
US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.
Read More »Russia to Send 4 Mobile Gas-Turbine Electrical Power Generating Plants to Crimea
There were reports in late July and early August about regular power blackouts in the annexed Crimea.
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