Tag Archives: Market

LUKOIL owns a 10-percent stake in the consortium for the development of the giant Shah Deniz gas field in Azerbaijan.

Morocco’s GasLog. is one which has just filed a profit of US$6.9 million in its second quarter. which it largely puts down to good progress with its FSRU strategy.

Siemens is developing this class in an evolutionary development step derived from its proven SGT-8000H technology.

With Essar oil. Rosneft’s refining capacity goes up from 100 to 120 million tonnes.

Q-Max vessels can carry up to 266.000 cubic metres of LNG and are 80 percent larger than the conventional LNG vessels.

OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.

The US output is forecast to rise by 0.6 million b d and 1 million b d in 2017 and 2018. respectively. according to the report.

Al-Falih told Arab News that they discussed Iraq’s huge mineral reserves. which have yet to be explored or invested in.

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.

Petronas will continue to focus on growing its crude oil business which now contributes to 80% of its $1.5 billion revenue from India.