In July. Petronas scrapped a proposed C$36 billion ($29 billion) liquefied natural gas project in western Canada due to weak prices. in a blow to its global ambition.
Read More »Chinese CNOOC Received the 1st-Ever Oil Cargo from Saudi Aramco
The vessel’s arrival at the Huizhou terminal was celebrated by an Aramco Asia delegation together with representatives from CNOOC upper management.
Read More »UAE`s Dana Gas Reaches Deal Over Delayed Kurdish Natural Gas Project
Kurdistan Regional Government says it will immediately pay $600m to Dana and its partners in the Pearl Petroleum consortium.
Read More »Russia and Saudi Arabia Plan to Extend Outputs Cuts Through June
Saudi Oil Minister Khalid al-Falih and his Russian counterpart Alexander Novak met to discuss the potential extension last month in St. Petersburg.
Read More »Iraq`s Kirkuk Province to Vote in Kurdish Independence Referendum
The Kurds have been seeking an independent state since at least the end of World War One.
Read More »UAE Pledges to Cut Oil Output by 10%
Decision by ADNOC is attempt to meet the country'.s latest OPEC commitments.
Read More »Iran Will Export Gas to Basra Soon
Iran (34 trillion cubic meters) and Russia (32.6 tcm) hold the largest proven gas reserves.
Read More »There is No Coordination Between Kurdistan. Iraq in Energy Sector
Over 250.000 barrels of oil are exported out of Kirkuk per day.
Read More »Oman. Largest Non-OPEC Producer in Mideast
The greatest growth potential for Oman’s natural gas production is in the Khazzan-Makarem field in BP’s Block 61.
Read More »Venezuela Oil Minister to Visit Russia Ahead of Sept. 22 Vienna Meet
During his meeting with Russian counterpart Alexander Novak. the Venezuelan oil minister will discuss the implementation of the OPEC+ global oil output cut deal.
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