Expected announcement by ExxonMobil of discovery off island’s south coast seen as potential game changer.
Read More »China`s Massive Oil & Gas Discovery in Bohai Sea
The flow has been discovered in CNOOC’s Bozhong 19-6 gas field.
Read More »2nd Platform of Iran`s SP Phases 22-24 Installed
South Pars is being developed in 24 phases.
Read More »Iran to Launch 4 South Pars Phases by March 20
Iran is currently exporting gas to Iraq. Armenia. and Turkey.
Read More »Iran`s Recoverable Crude at 160 Billion Barrels
Iran has the world'.s largest hydrocarbon reserves.
Read More »Wood Mackenzie: Oil and Gas Exploration Economics to Improve
In 2018. exploration added at least 10.5 billion barrels of oil equivalent in conventional new field volumes.
Read More »Venezuelan Oil Exports Disrupts Heavily due to US Sanctions
PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.
Read More »Russia Needs Legal Guarantees from EU to Start Work on Turkish Stream
The pipeline’s offshore section is expected to equal about 910 km.
Read More »ExxonMobil among the Top Oil Explorers of 2018
In 2018. the US supermajor ExxonMobil drilled 2.7 net wildcat wells in Guyana.
Read More »New Record of Deepwater Oil Production
The industry has started to increase investments in deepwater after the downturn.
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