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PDVSA made an overdue $1.1 billion bond principal payment this week.
Read More »Venezuelan Oil Output Heads to 29-Year Low
Venezuela’s Oil Rival Calls for Full U.S. Sanctions
Argentina’s government in the meantime has been putting a lot of efforts into accelerating the exploitation of the country’s oil resources.
Read More »Citi: Don’t Expect OPEC to Extend Production Cuts
The higher the price goes in the short run the more difficult it will be to return the oil taken off the market.
Read More »Natural Gas Emissions Threaten EU Carbon Budget
Natural gas supply chains result in methane emissions. which have approximately 34 times more global warming potential of CO2 over a 100-year period.
Read More »Iran Seeking to Help Syria`s Power Grid Reconstruction
The deal provides for exchanging expertise and organizing workshops that serve the upcoming reconstruction and production projects of Syria.
Read More »IEA Ministers Invite Mexico to Become Agency’s 30th Member
Mexico is the world’s 12th-largest oil producer. and has some of the world’s best renewable energy resources.
Read More »Brazil Rejects Saudi Arabia`s Overtures on Oil Output Cuts
OPEC meets at the end of this month and has been widely expected to extend the deal.
Read More »U.S. Shale to Rise Much Faster Than Expected
US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.
Read More »Shell To Hand over Iraq’s Majnoon Oilfield To Basra Oil
Basra Gas is a joint venture between Shell. South Gas Co.. Mitsubishi Corp. and the petrochemical project Nebras.
Read More »Iran to Implement Major Power Projects in Southwestern Khuzestan Province
These projects would produce 3.600 megawatts (MW) of energy.
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