Latest news
Shell expects LNG supply shortage as demand soars
Shell revealed in its recent 2018 LNG Outlook report on Monday that a supply shortage in mid-2020s might happen based on existing demand projections unless new LNG production project commitments are made soon.
read more... 28/02/2018
A stake in Arctic energy project is offered by Moscow to Saudis
Saudi Arabia is thinking about an investment in Russian Arctic LNG capacities, as stated by Kingdom’s Minister of Energy Khalid al-Falih.
read more... 15/02/2018
Oil & gas agreements hit five-year low in 2017
The volume of global oil and gas agreements reached a five-year low in 2017, according to a new report from business services firm EY, which declared that the total value of global transactions declined to $343 billion (£247 billion) from $390 billion (£281 billion) in 2016.
read more... 14/02/2018
Gazprom Neft makes new oil discovery
Russian energy firm Gazprom Neft revealed it made a new find in a territory situated north of Kazakhstan which is estimated to have more than 80 million barrels of reserves.
read more... 12/02/2018
China surpassed US as the world’s largest crude oil importer in 2017
China was the largest crude oil importer in 2017, importing 8.4 million barrels per day (b/d), surpassing the United States, which imported 7.9 million b/d.
read more... 07/02/2018