Condensate output is slated to reach 1 million barrels a day upon the launch of all phases of South Pars.
Read More »OPEC Raises Oil Demand Forecast amid Global Growth Uncertainty
OPEC’s own production was up slightly in April by about 12.000 barrels a day to 31.93 million bpd.
Read More »Novatek Plans New Arctic Transshipment Hub
The terminal will be a key logistics hub for the Yamal LNG project as well as future Arctic LNG production projects.
Read More »Oil Prices to Peak in Mid-2019
Higher oil prices are a key risk to the growth outlook.
Read More »BP chief Sees Shale. OPEC Cooling Oil Markets
The surge in U.S. output has been offset by deep supply cuts for over a year by OPEC and other producers including Russia.
Read More »Saudi Arabia. UAE. Russia to Discuss Oil Supplies Following US Withdrawal from JCPOA
St. Petersburg International Economic Forum will be held on May 24-26. 2018.
Read More »UAE Energy Minister Plays Down Impact of US Withdrawal from Iran Deal on OPEC
The UAE Energy Minister says not worried about how sanctions on some member countries are going to affect how OPEC deals with things.
Read More »SOCAR Registers two Companies to Develop New Fields in Caspian
The first phase of the field’s development envisages drilling of one well at a sea depth of 470 meters.
Read More »Europe. China Competition for LNG
Russia. Europe’s biggest gas supplier. sees higher demand for its pipeline gas. undermining the region’s efforts at diversification.
Read More »Pouyanne: Iran Sanctions. Venezuela Collapse Likely to Push Oil to $100 b
Total said Wednesday it had halted plans to help develop Iran'.s giant South Pars gas field.
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