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Cyprus. Italy. Greece and Israel agreed last year to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.
Read More »East Med Pipeline Deal to be Reached Very Soon
Turkey Is Starting New Oil & Gas Exploration in Black Sea
In 2017. 1863 exploration projects were carried out in Turkey to search for new oil and gas fields.
Read More »India will Double Natural Gas Usage
The Indian government has not yet disclosed the price tag for making this significant switch away from crude and toward natural gas.
Read More »CNPC Replaces France`s Total in South Pars Gas Project
CNPC already holds a 30 percent stake in the giant field.
Read More »U.S. Oil Firms Interested in Offshore Projects
Egypt has signed a deal with Cyprus for the construction of a pipeline that will channel gas from the island’s Aphrodite field to facilities in Egypt.
Read More »Turkey Accelerates Its Efforts to Become Energy Trading Hub
TurkStream is one of the vital energy projects for Turkey to become an energy trading hub.
Read More »Turkey. Russia Multiple Cooperation
Once the project is finalized. TurkStream will carry natural gas from Russia to Europe via Turkey. bypassing Ukraine.
Read More »Oil Hits 2018 Lows on Emerging Supply Surplus
Oil prices have plunged by around 30 per cent since their last peaks in early October.
Read More »Low Oil Prices Will Hurt US Shale
Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.
Read More »Oil Prices Remains Weak. Saudi Arabia Vows to Balance Global Glut
The kingdom is considering slashing oil production by up to 1.4 million barrels per day (bpd) with OPEC members.
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