Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Producers in the Middle East. most of which are OPEC members. have supplies that are relatively less expensive to produce.
Read More »OPEC Outlook Sees US Influencing Global Crude Markets until 2025
BP Says 2017 a Success as It Shifts Focus to Natural Gas
BP completed seven major projects this year. in Egypt. Trinidad and Tobago. Oman. Australia and in the North Sea.
Read More »Troubled GE Slashes 12.000 Energy Jobs
GE shares were up 0.5 percent in premarket trade. However. the company’s shares have sunk 44 percent this year.
Read More »Russia Skirts U.S. Sanctions with $27 Billion Arctic Gas Plant
The Yamal project is an important step in Moscow’s efforts to build ties to China.
Read More »CNOOC Spends Big on FLNG
The Asian spot LNG curve. however. is in backwardation. meaning future prices are lower than prompt market levels.
Read More »CNPC Warns of China Gas Shortages if Extreme Weather Hits
CNPC recently completed construction of a fourth string on its key Shaanxi-Beijing gas pipeline system.
Read More »Indonesia in Energy Crisis
The country consumes 1.4 million barrels of oil per day.
Read More »US Eyes Opportunities to Sell LNG to Saudi Arabia
The UAE. which is a net importer of gas. has been looking to diversify its supplies to meet growing demand.
Read More »Russia is Aiding North Korea with Oil Imports. Ignoring U.S. Efforts to Isolate Kim Jong Un
In September. Reuters and The Washington Post both reported that Russia was helping North Korea avoid U.S. sanctions and providing the country with fuel.
Read More »Russia is Developing its Own Subsea Production Technology
Russian pipe companies are also introducing pipes. associated equipment and structural materials for natural gas liquefaction and offshore development projects.
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