Egypt’s cabinet approved the $105 million deal to explore the North Sinai region of the Mediterranean Sea in March.
Read More »BP to buy UK-Based Electric Vehicle Charging Company
In February. BP said it expects autonomous electric vehicles to become available in the early 2020s and forecast a 100-fold growth in electric vehicles by 2040.
Read More »Oil prices Decline. Market Tight on Disruptions. Record Demand
Analysts warn that the market has little spare capacity to deal with further disruptions.
Read More »BASF`s Wintershall Defends Russia Gas Partnership
Wintershall is a member of the Nord Stream 2 consortium.
Read More »Russia to Assess Legal Points of Purchasing Iranian Oil after Sanctions
Earlier this month. Washington urged its allies to stop importing oil from the Islamic Republic by early November.
Read More »Anadarko Expects to Decide on Investment in Mozambique LNG Export Terminal in 2019
The U.S. oil and gas producer was ready to move forward with the Mozambique project after lining up enough customers for the LNG.
Read More »Russia’s Oil Output Stood at 11.054 Million bpd on June
The Russian oil production stood at 11.054 million barrels per day (bpd) on June 1-26.
Read More »Novak. Munchin Discuss Sanctions. Russian Gas Pipeline Plans
Russia depends heavily on pipeline networks to get its energy production to European markets.
Read More »It would be Impossiblefor Iran to Cut its Oil from Market Easily as Demanded by U.S.
The United States demanded all countries stop imports of Iranian oil from November.
Read More »OPEC Agreement did not Specify Oil Production Increase
Iran had demanded OPEC reject calls from U.S. President Donald Trump for an increase in oil supply.
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