The rise in the price of crude is obviously very good news for oil companies.
Read More »Dark Storm Hanging over the Oil Industry
Shell and BP predict oil consumption may flat line in the mid-2030s.
Read More »Algeria in Talks with Oil Majors to Start Trading Venture
One of the aims of Sonatrach’s new venture would be to supply crude to the Italian refinery.
Read More »Production at Sharara Oilfield Fall over Abduction of Engineers
Tripoli-based NOC operates Sharara in partnership with Repsol. Total. OMV and Equinor. formerly known as Statoil.
Read More »Total Extends Algeria Gas Exploration Contract
In 2017. Total produced 15.000 barrels of oil equivalent per day (boe d) in Algeria.
Read More »Iranian Crude Exports Rise despite US Sanctions
Iran’s crude oil exports hit 2.7 million bpd in May. higher than its average volumes over the past year.
Read More »Rosneft Starts Drilling at New Well Offshore Vietnam
Rosneft said that production offshore Vietnam is very profitable.
Read More »President: Indonesia Hadn`t Invested Enough in Exploration
Indonesia announced four winners from five blocks in a direct offer tender on Wednesday.
Read More »China`s Successful Compulsion of Vietnam in the South China Sea Deserves US Attention
Washington failed to back up its words with action after Beijing pressured Hanoi into abandoning a South China Sea oil drilling project.
Read More »Saudi`s Shale Revolution
Aramco is currently drilling for gas in Jafurah and in South Ghawar. the world’s largest oil field.
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