In countries like Brazil and Mexico. the slowdown at old fields jumped to double-digit rates last year.
Read More »Nightmare Scenario for OPEC
The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .
Read More »Pouyanne`s Risk on Middle East Oil as Big Rivals Prefer U.S.
Total and its European peers trace a large part of their historical success to gaining access to big and cheap oil deposits in the Middle East and Africa.
Read More »Russia Needs to Cooperate with OPEC
Soaring U.S. production is a ``risk`` to the Russian companies’ plans to keep their market share.
Read More »Iran Mulls Forming Consortium with Indian. Russian Oil Companies
IDRO is considering forming a consortium with the Indian and Russian companies.
Read More »Chad. Congo. Malaysia Applied to Join OPEC
New members would make the international community ``see OPEC with a new face.``
Read More »The IPO of Saudi Aramco is proceeding very well
Oil will maintain its key role in the global energy mix for the forseeable future.
Read More »Exxon Mobil Seeks to Work in Algeria
Algeria remains dependent on oil and gas earnings. which provide 60 percent of the state budget.
Read More »Yamal LNG Ships First Million Tons of Exports
The ships are designed to enable the delivery of LNG eastbound along the Northern Sea Route to Asia.
Read More »OPEC Invites US Shale Producers to the Next Level
OPEC wants to develop a closer relationship with the U.S. shale industry.
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