Tag Archives: Production

From Russia to Saudi Arabia. Iran to Venezuela. the list of crude oil supplies being curtailed or disrupted around the world is growing longer by the month.

South Korea became the second-largest importer of Iranian oil in April after India scaled back.

Delek Group Ltd.. the energy company controlled by Israeli billionaire Yitzhak Tshuva. agreed to buy North Sea oil and gas fields from Chevron Corp.

Siemens was recently awarded a contract to provide three residue compression trains for two. 250 MMcfgd cryogenic gas plants in the Delaware basin.

China is mobilizing its vast state-run energy industry to prepare for an economic tussle with the U.S. that could escalate further and might last for years.

The U.S.. even without a 25 percent tariff on its LNG exports to China. would struggle to vie with Qatar as the top global LNG producer.

Europe is the only region with the decreasing outlook for natural gas production among all regions.

Canadian Natural Resources agreed to buy the Canadian business of Devon Energy for C$3.8 billion ($2.8 billion). gaining heavy-oil assets in the province of Alberta.

Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue.

Norway’s oil and gas companies plan to spend 17 percent more this year. at about US$21.11 billion as they step up their exploration.