Lebanon and Israel’s dispute runs over a triangular area of around 860 square kilometers (332 square miles) of waters.
Read More »Azerbaijan Inaugurates Southern Gas Corridor Key Terminal
BP’s Sangachal terminal in Azerbaijan meets world safety standards and is now ready for first commercial deliveries in 2018.
Read More »Gazprom Signs Agreement on Land-Based Section of TurkStream Gas Pipeline
Gazprom and Botas inked an agreement on conditions and parameters for the section construction.
Read More »Large Deepwater Discovery in Gulf of Mexico by Shell
Shell expects its global deepwater production from already discovered and established areas to exceed 900.000 boe d by 2020.
Read More »Sinopec to Boost U.S. Crude Imports to All-Time High
China prefers a heavier quality of crude whereas the bulk of U.S. oil exports is light crude. the source said.
Read More »China to Build Floating Nuclear Power Plant by 2020
The idea was revived in the late 2010s with the rise of demand for power for offshore oil and gas drilling and the creation of safer reactor technologies.
Read More »Rosneft Starts Drilling at New Well Offshore Vietnam
Rosneft said that production offshore Vietnam is very profitable.
Read More »Pergas Enters the Game As French Total Warns Leave Iran
British Pergas seems to do little business in the United States. which potentially boosts its freedom to operate in Tehran.
Read More »Vitol. Glencore. Shell Eye Petrobras’ Nigerian Assets
The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras that owns stakes in two major Nigerian offshore oil blocks.
Read More »S. Korea to Increase Incentives for Wind Farms
South Korea has been seeking to shift its focus from coal and nuclear energy to renewable energy to cope with worsening air pollution .
Read More »