The OPEC+ joint ministerial monitoring committee. known as JMMC. meets on Thursday in Abu Dhabi on the sidelines of an energy conference.
Read More »Iraq will Drill 20 Oil Wells in the South
This project will open the door to provide employment opportunities for the Iraqi labor in Dhi Qar province.
Read More »Iraq will Reduce Oil Production to Comply with OPEC Demands
Iraq is on track to produce nearly six million barrels of crude per day by 2030.
Read More »EU Awards €10.6m to Scale Up Highly Efficient Solar Modules Production
Swiss start-up Insolight’s technology is said to have achieved an efficiency of 29% during tests in the pre-production phase.
Read More »Researchers to Use AI to Unlock Oil and Gas Big Data Treasure Trove
They say the oil and gas industry produces 2.5 quintillion bytes of data every day but only 1% of this is analysed. which they believe is a missed opportunity.
Read More »Equinor Announces Early Start-Up of Giant Oilfield
The Norwegian energy giant has also launched a share buyback of up to $5 billion.
Read More »Production Capacity of Petchem Industry to Increase Up to 100mn Tons by 2021
Production capacity of Iran’s petrochemical industry will increase up to 100 million tons by 2021.
Read More »Top Major Producers will Consider Fresh Cuts as Trade War Hits Prices
The oil market has become highly sensitive to the US-China trade war.
Read More »OPEC Struggles to Detain Oil Price Decline
OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.
Read More »Russia Close to Become a Dominant Player in Global LNG Market
The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.
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