India needs urgent measures to address the inexorable increase in domestic energy demand. which is driven mainly by the fast urbanization of the population.
Read More »Permian Still Holds 60-70 Billion Barrels
The world’s top shale play. the Permian. has shown remarkable resilience amid the lower-for-longer oil prices.
Read More »South Korea Plans Energy U-Turn Away from Coal. Nuclear
The price of gas-fired electricity in March was 129.51 won ($0.1160) per kilowatt-hour (kWh). 40 percent more than coal and nearly double the cost of nuclear power.
Read More »Saudi Arabia Considers Investing In Russia’s Arctic LNG Project
Despite its huge conventional gas reserves. Russia’s share in the global LNG market is small. at around 4 percent.
Read More »Saudi Energy Minister Confident Oil Output Deal Will Work
Late last year. the 24 countries. including the OPEC and Russia. agreed to cut production by 1.8 million barrels per day in order to reduce global oil inventories.
Read More »Port of Fujairah Plans LNG Ship-to-Ship Transfers
Other marine services offered at the Port of Fujairah include ship supplies. ship repair. spare repair. spare parts and inspection.
Read More »Mexico Oil Sector Decline
Production in Mexico has declined for 12 years in a row and this year will be less than 2 million barrels a day.
Read More »SOCAR Boosts Caspian Resources Output
SOCAR uses Guneshli’s export revenue to subsidize the company’s less profitable onshore fields.
Read More »Iran Launches 15.000 Bpd Production From Azar Field
Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.
Read More »Iran’s Energy Potential Lies in Gas Rather Than Oil
.Iran is the world’s third largest producer of gas
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