China aims to increase domestic crude oil output to 200 million tonnes by 2020.
Read More »As OPEC Extends Output Cuts. Asia Turns to North America for more Oil
The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.
Read More »Shell. PetroChina JV Paves Way toward Big Gas Development in Australia
Supplying QCLNG will help make the development more profitable. Shell said.
Read More »Putin Is Calling The Shots in Global Oil
Russia is the producer everyone is watching ahead of the OPEC meeting.
Read More »Statoil to Buy Total`s Stakes in 2 Norwegian Offshore Fields for $1.45bn
Total. now expects the production from the Martin Linge field to begin in the first half of 2019.
Read More »Venezuela`s Maduro Appoints New Oil Minister in Fresh Era for PDVSA
Maduro affirmed that the year 2018 will be a break from the oil model towards other economic sectors.
Read More »Aramco Sees Oil Market Balanced as UAE Dismisses Shale Threat
Oil markets are on track to come into balance next year.
Read More »Iran Calls for more Foreign Investment in Gas Sector
Iran. as the largest natural gas reserves holder in the world. has a high capacity for natural gas production and exports.
Read More »Hydropower Output Increases
Iran hopes to add 5.000 MW of new capacity per year through 2022. the end of its Sixth Five-Year Economic Development Plan.
Read More »Iraq Wants To Build Gas Pipeline to Kuwait in Blow to Shell
Iraq is furious at Shell and prospects don’t look that great for the Basra gas company.
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