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The North Sea’s problem has always been high production costs.
Read More »North Sea Oil Sees Investment Rush
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.
Read More »Major Petrochemical Deals Expected in Three Months
Total and Iran reached a preliminary agreement this year to build three petrochemical plants.
Read More »Shell to Invest $2 Billion Per Year in Brazil Through 2020
On average. the oil company produced 325.000 barrels of oil equivalent per day (boepd) in the first quarter.
Read More »Why US `Will Never Be Able` to Replace Russia in EU Gas Market
The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.
Read More »BP Files for New York IPO of Pipeline Assets
The move comes as BP re-evaluates its portfolio in the wake of a dramatic slump in oil prices three years ago.
Read More »Shell to Withdraw from Iraq`s Majnoon Oilfield
Malaysia’s national oil company Petronas holds a 30 percent stake in the field while the Iraqi government holds the remaining 25 percent.
Read More »Shell Offers Plan for Iran`s Kish Gas Field
Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.
Read More »Shell Says to Focus on Basra Gas in Iraq after Majnoon Exit
Basra Gas Company is a joint venture between Shell. South Gas Company and Mitsubishi and the Petrochemical Project NEBRAS.
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