Latest news
France's Total takes stake in Russia's Arctic gas project
French energy major Total will buy a 10 percent stake in a Russian Arctic gas project under a deal struck during Emmanuel Macron’s visit to Russia, and showing the Kremlin’s ability to find foreign partners despite Western sanctions.
read more... 25/05/2018
Russia's Rosneft discovers new oil field in Iraq
Bashneft International, a subsidiary of Russian state-owned oil company Rosneft discovered a new oil field in Iraq as a result of drilling of the first exploratory well at Block 12, Rosneft said in a press release.
read more... 24/05/2018
EIA: U.S. remains the world’s top producer of petroleum and natural gas hydrocarbons
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and the world's top producer of petroleum hydrocarbons since 2013, when U.S. production exceeded Saudi Arabia’s. Since 2008, U.S. petroleum and natural gas production has increased by nearly 60%.
read more... 23/05/2018
EU and Iran agreed to create work group on oil trade
The European Union and Iran have agreed to create a joint work group which will be working on oil trade issues, said Miguel Arias Cañete, EU commissioner for energy.
read more... 21/05/2018
Iran signs agreement with British consortium to develop oil
TEHRAN, Iran: Iranian state TV is reporting that Tehran has signed an agreement with a British consortium to develop an oil field in the country’s south.
read more... 17/05/2018