Tag Archives: Investment

If a new deal never materializes. the Trump administration or Congress could reimpose Iranian sanctions immediately.

Last year Exxon said they may invest over $10 billion in Vaca Muerta shale projects over the next few decades.

Venezuela is in disarray and in no condition to expand its oil production.

Producers in the U.S. and Canada have made dramatic efforts to cut costs since the collapse of oil prices three years ago.

CEO Amin Nasser also says the outlook for oil supplies is '.increasingly worrying'..

The required investment in the project would be around $1 billion.

The former Texas governor said carbon capture and utilization had ``exciting potential`` and asked the industry group to offer policy and R&.D recommendations.

The other partners are oil majors Shell with 8.1 percent. Total with 3.7 percent and ConocoPhillips with 1.6 percent.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate.

The letter of intent covers the Blythe Hub and Vulcan Satellites Hub developments in the southern North Sea.