U.S. oil production from tight formations increased in 2019. accounting for 64% of total U.S. crude oil production.
Read More »Exxon Looks to Divest UK. German Upstream Assets
Exxon Mobil plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues.
Read More »Iran to Inject Gas into IR4 and IR2m Centrifuges
These chains of centrifuges are injected with gas by utilizing advanced machines to produce enriched uranium.
Read More »Zangeneh Promises New Gas Output Record in Near Future
The purpose of signing these contracts is to solve the problems of the fields considered in the deals and enhancing their recovery factor.
Read More »Fate of Most Iran Joint Oil. Gas Fields Determined
The development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident.
Read More »Brazil to Stay Out of OPEC to Make the Most of Output Expansion
Brazil. which became a net oil exporter last year. wants to expand its footprint in global energy markets without joining OPEC.
Read More »EIA Expects U.S. Net Natural Gas Exports to Almost Double by 2021
The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020.
Read More »All Options Open at OPEC+ Meeting in March
OPEC+ is due to meet in Vienna on March 5 and 6 to set their policy.
Read More »Shipping Sector Needs more than $1tn of New Investment to Hit 2050 Targets
A new report from University Maritime Advisory Services. conducted on behalf of the non-profit Getting to Zero Coalition. suggests reaching full decarbonisation by 2050 could cost as much as $1.9 trillion.
Read More »China and the US Show a Contrasting Picture in Terms of Renewable Energy Capacity Addition
China witnessed a decline in renewable energy capacity addition in 2019.
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