The steps come as China ramps up its exploration efforts as crude oil production from ageing wells drops.
Read More »India Uses Bio Fuel for Its Warships
India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.
Read More »Qatargas Delivers First Q-Max Cargo to Thailand
Q-Max vessels can carry up to 266.000 cubic metres of LNG and are 80 percent larger than the conventional LNG vessels.
Read More »2 South Pars Phases to Renovate
The country aims to raise output to over 1 billion cubic meters by March 2018.
Read More »Iran Makes Investment in New Petrochemical Hubs
In the current calendar year to March 2018. the completion of four projects which had remained incomplete will add two million tonnes to the country'.s petrochemical production capacity.
Read More »Gas Glaring of South Pars Envisaged to End in 2020
The fund is expected to raise $100 billion a year by 2020. with developed nations to make the most contributions.
Read More »Rosneft Delivered 129.000 Tons of Liquefied Natural Gas to Egypt
Rosneft is one of the international firms involved in the exploration and exploitation of Egypt’s Zohr gas field.
Read More »US Rig Count Decreases by 5 This Week to 949. Texas Loses 7
The U.S. rig count peaked at 4.530 in 1981. It bottomed out in May of 2016 at 404.
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 »