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Venezuela is in disarray and in no condition to expand its oil production.
Read More »Citi: An Oil Supply Squeeze Is Inevitable
Iran`s South Azadegan Output at 83.000 bpd
South Azadegan field'.s development project is being undertaken with the help of Iranian firms and internal financial resources.
Read More »Shell CEO van Beurden says oil prices will be around $60 by the end of the decade
Van Beurden said forecasting oil prices in the short term was ".very difficult.". but he still expected gains.
Read More »Statoil and Partners Plan Output Capacity Expansion at Norway`s Troll Gas Field
The other partners are oil majors Shell with 8.1 percent. Total with 3.7 percent and ConocoPhillips with 1.6 percent.
Read More »Top BP Executive Warns OPEC Needs to Prolong Oil Output Curbs
The world economy is ``almost as good as it gets.`` with one of the best performances since the global financial crisis of 2008-09.
Read More »Statoil Vies for a Stake in Abu Dhabi`s Offshore Oil
Adnoc plans to merge ADMA-OPCO with the Zakum Development Co.. or Zadco. of which it also owns 60 percent. by the end of the year.
Read More »US Plans to `Bury` Nord Stream 2 to Weaken Russia on European Market
The United States has the most pragmatic position on the Nord Stream 2 project.
Read More »North Sea Oil Sees Investment Rush
The North Sea’s problem has always been high production costs.
Read More »The World’s Largest Offshore Oil Field Is Back in Action
Whatever the outcome. after several years of stagnation since 2010. Kazakh crude output will rise in both mid- and long-term.
Read More »Lebanon Passes Oil Tax Law Ahead of First Energy-Rights Auction
Lebanon is seeking to develop its energy assets after lagging behind Cyprus. Egypt and Israel in exploring for oil and natural gas in the eastern Mediterranean.
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