The new company resulting from the merger is expected to be named National Energy Investment Corp.
Read More »ExxonMobil Completes Takeover of One World’s Largest Aromatics Plants
The deal will increase ExxonMobil’s Singapore aromatics production to more than 3.5 million tonnes per year.
Read More »SOCAR to Drill 8 Additional Wells at Offshore Field
SOCAR produced 3.71 million tons of oil from Azerbaijan’s offshore and onshore fields in January-June 2017. as compared to 3.78 million tons in the same period of 2016.
Read More »China`s Energy Demand to Peak in 2040 as Transportation Demand Grows
Natural gas consumption will rise to 620 billion cubic meters in 2030. said CNPC. up from 510 billion in last year'.s report.
Read More »India Uses Bio Fuel for Its Warships
India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.
Read More »Ukraine`s Naftogaz Guarantees Reliable Transit of Russian Gas to Europe
In June 2014. Gazprom switched Ukraine to a prepayment scheme citing its massive gas debt.
Read More »Ice-Class LNG Carrier Completes Northern Sea Route Transit
The start of LNG shipments through the NSR with the Arc 7 ice-class tanker will help to increase cargo turnovers and develop navigation in the Arctic ocean.
Read More »Russia to Increase Gas Production in Far East by 250% by 2035
The production of gas in the region increased by 10 percent over the past five years and reached 32.8 billion cubic meters of gas.
Read More »Ukraine Snubs Russia by Buying U.S. Coal
Ukraine needs more reliable energy. The U.S. needs customers for its faltering coal industry.
Read More »UAE Replaces Qatar Oil with US
Qatar recently signed a deal with the US aiming to combat support and funding of terrorism.
Read More »