GAZPROM MAKES ARCTIC
OE. Sarah Parker Musarra examines the offshore developments that helped make 2013 a banner year for Russia's Gazprom.
Located in one of the richest hydrocarbon countries in the world, a cursory glance at Gazprom's performance in the second half of 2013 shows it aggressively pursuing more difficult, technically advanced projects.
Russia is home to the world's largest natural gas reservers, according to the US Energy Information Administration. It is the world's second-largest producer of the dry natural gas and the third-largest producer of liquid fuels. Yet,…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.