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Romania currently produces about 10.5 billion cubic metres of gas each year.
Read More »Romania. Russia`s New Challenger in Eastern Europe
Great Promise in Eastern Mediterranean
Turkey strongly objects to exploratory drilling off Cyprus.
Read More »NOC Considers Energy Cooperation with Saudis
Libya hopes to obtain an exemption from possible reductions in oil production.
Read More »Oil Rises amid Expectations of OPEC Supply Cut
While OPEC considers withholding supply. U.S. crude oil production reached another record last week.
Read More »US Shale Surge Boosts Industry Finances. Puts Deals in Spotlight
OPEC last sought to drive out shale producers by flooding the market with oil in 2014.
Read More »Large wind and solar farms in the Sahara would increase heat. rain. vegetation
A new climate-modeling study finds that a massive wind and solar installation in the Sahara Desert and neighboring Sahel would increase local temperature. precipitation and vegetation.
Read More »GE Fights for Survival
GE'.s new management team is following a long tradition of corporations in trouble and short of cash.
Read More »Goldman Sachs Predicts Oil Supply Crunch Looming
The oil market could tip into a shortage in the 2020s because nobody is allowed to fully invest in future oil production.
Read More »Syria Re-Launched Gas Field
Due to the crisis that began in 2011. the field. with gas reserves of about 4 billion cubic meters. was closed.
Read More »UAE Increase Oil and Gas Production as Iran Sanctions Hit
Saudi Arabia is the only producer with significant spare capacity of around two million bpd.
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