Silver-lining to Japan's energy crisis
BP has started up of Na Kika Phase 3, a project supporting BP’s strategy of growing high-margin production at four BP-operated hubs in the deepwater Gulf of Mexico.
Shale Gas In The UK: A Year In Review
Gazprom Neft Cost Estimate for Iraq Field Raised to $3 Billion
The Russian oil industry was already reaping the rewards of higher global oil prices from Iranian tensions, even before Tehran raised the stakes Wednesday by threatening to cut off oil to six European nations.
Projected world petroleum and other liquids supply increases by 1.7 million barrels per day (bbl/d) in 2014 and 1.4 million bbl/d in 2015, with most of the growth coming from countries outside of the Organization of the Petroleum Exporting Countries (OPEC).
Forecasting steady global economic growth.
China Petrochemical Corp., Asia’s biggest refiner, made a “strategic breakthrough” in shale gas exploration in southwest China’s Sichuan province.
Gazprom on Wednesday proposed signing a major China gas export deal in May, as industry sources indicated that the Russian gas giant may offer a lower price in return for billions of dollars in upfront payments.
Oil and gas production in northern Norwegian fields dropped significantly in the course of 2013.