Tag Archives: Production

Chinese state majors increased production because of the rising oil prices.

The new area comprises two deep-water wells. which belong to a concession of the U.S. oil company Shell.

Baltic LNG plant is reportedly expected to fulfill the demands of the European and Latin American markets.

The largest European oil companies spend about 5 percent of their capital expenditure budgets on ``new energies``.

The amendment was prompted by the Directorate General of Hydrocarbons.

Russia could raise output by 300.000 bpd.

Libyan crude has been seen as an additional alternative to Iranian supplies.

Total is also a shareholder in Novatek (19 percent). along with CNPC and the Chinese Silk Road Fund.

OPEC and non-OPEC technical committee will discuss proposals for distributing the additional oil-output amongst members.

Egypt is becoming an important gas and electricity hub that can provide energy security for the EU.