The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.
Read More »Saudi Aramco CEO Believes Oil Shortage Coming Despite U.S. Shale Boom
Despite U.S. production records. Saudi Aramco CEO Amin Nasser believes shale oil won’t be enough to prevent a future shortage.
Read More »Tillerson Gets an Oil Industry Award. Says He Misses His Former Colleagues
The former ExxonMobil chief expressed his gratitude and said he misses the oil industry.
Read More »India to Import Crude Oil from US for First Time
A second Indian refiner Bharat Petroleum Corp Ltd also planned to buy its first ever US crude oil cargo and has issued a purchase tender.
Read More »Russia Welcomes US LNG Supplies to Europe
In June. the White House said that the United States is determined to become be a global player in exporting LNG.
Read More »China Imports of US Oil Increase at Unprecedented Speed
The upward trend seems to be picking up speed. In April and May. imports surged to more than 180.000 barrels per day on average.
Read More »Baker Hughes and GE Create the World’s First `Fullstream` Oil and Gas Company
The integration of the Russian businesses will be completed upon receipt of Russian regulatory approval.
Read More »Trump Urges Eastern Europe to Loosen Russia`s Grip with U.S. Gas
Poland’s ambitions go beyond reducing reliance on Russian energy.
Read More »Japan`s JGC Joins US Groups to Build LNG Terminal on West Coast
The LNG market is expected to tighten in the mid-2020s on greater demand from China and India.
Read More »Schlumberger. Halliburton Lose ONGC Deals
Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.
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