SOMO is expected to announce its March official selling prices for Asia. Europe and U.S.-bound supplies around the 10th of February.
Read More »ExxonMobil Plans Rise Permian Shale Production
ExxonMobil has been building up its position in the Permian Basin with a series of acquisitions.
Read More »Aramco Swaps Oil for Fuel to Tap New Markets
State oil companies like Saudi Aramco are expanding their crude sales and refining capacity to better compete in a market flush with supply.
Read More »US: for Russia. Energy is a Political Tool in Europe
Nordic nations have already voiced security concerns over the pipeline being laid near their shores under the Baltic.
Read More »UK Want to Squeeze Every Last Drop out of the North Sea Basin
It is estimated between 10 and 20 billion barrels remaining in the UK Continental Shelf that could be extracted.
Read More »French Engie Supports Nord Stream-2 despite Sanctions
Gazprom and its five partners signed agreements on a new model for financing the project in April 2017.
Read More »Shell Buys Stake in Blockchain Start-Up
A blockchain is a digitised. decentralised. public ledger of all cryptocurrency transactions.
Read More »Shell`s Investment in North Sea for the First Time in Six Years
Royal Dutch Shell will pile fresh investment into a new North Sea project for the first time in six years.
Read More »Iran Prepared to Develop Onshore Section of Gas Pipeline to Oman
Iran produces more than 800 million cubic meters of gas per day.
Read More »Shell Gave Green Light for UK North Sea Project
Production in the UK North Sea has steadily declined since the late 1990s.
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