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Venezuela has allocated five billion barrels of oil to back its cryptocurrency.
Read More »Maduro Propose to Oil Producing States Cryptocurrency Mechanism
Iraqi Army Planes to Secure Oil Route to Iran
Iraqi oil officials announced in December plans to transport Kirkuk crude by truck to Iran’s Kermanshah refinery.
Read More »Russia. Syria Consider Energy Sector Cooperation
This cooperation will help the normalization of the socio-economic situation in the country.
Read More »CNOOC Starts Stampede Oil Project in Gulf of Mexico
Subsidiaries of CNOOC. Hess Corp. Chevron Corp and Statoil ASA each have a 25-percent stake in the project. while Hess is the operator.
Read More »Total Buys Stakes in Offshore Guyana Blocks
These two companies will retain a shared 30 percent interest alongside operator ExxonMobil. which has a 35 percent stake.
Read More »China`s Natural Gas Output Unable to Meet Rising Demand
Shale gas will only become a leading driver for growth in the longer-term.
Read More »U.S. Considers Raising Sanctions on Venezuelan Oil to Pressure Maduro
Venezuela’s crude oil sales to the United States in 2017 were the lowest since 1991.
Read More »Europe Avoids Russian Oil because of Quality
The quality of crude oil is measured based on the amount of sulphur and the level of gravity or density.
Read More »China Rejects U.S. Criticism of Relations with Venezuela
Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.
Read More »U.S. Considers more Wind. Solar Projects on Federal Lands
The Solar Energy Industries Association said in a statement it looked forward to working with the Department of the Interior.
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