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Iraq to Lower Oil Production

(Bloomberg) — Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the…

Oil Groups Talk Federal Lease Freeze

Restricting development on federal lands and waters is nothing more than an import more oil policy That’s according to American Petroleum Institute (API) President and…

Turkey hits record high gas consumption on Jan.18

Daily natural gas consumption reaches historic high of 274 million cubic meters Turkey’s daily natural gas consumption reached a record high of 274 million cubic…

Venezuela Opens Up To Foreign Oil Investment

Venezuela is opening up to foreign investment in its oil industry, President Nicolas Maduro said this week, in a bid to reverse a catastrophic drop…

TANAP Capacity Expansion Can Be Completed in Three Years – Duzyol

lThe expansion of the TANAP capacity can be completed in three years. TANAP CEO Saltuk Duzyol said this during an online press conference Duzyol noted…

U.S. Puts Chinese Oil Giant CNOOC On Blacklist

The U.S. Department of Commerce said on Thursday it had blacklisted China’s state-run oil company CNOOC for helping China intimidate neighbors in the South China Sea,…

Equinor Bags Largest Ever US Offshore Wind Award

Equinor revealed Wednesday that it has been selected to provide New York State with offshore wind power in what is being described as one of…

Global Natural Gas Production Decreased by 3.6% in 2020

The world production of natural gas fell by 3.6% – to 3,918 bcm last year This was facilitated by low prices for hydrocarbons, which, in…

Lukashenko Names Cost of Russian Gas for Belarus

The gas price for Belarus in 2021 will be $ 128.5 per 1,000 cubic meters, said President Alexander Lukashenko in the program Characters from Naila…

Saudi Crown Prince Announces Zero Carbon Smart City

A zero-carbon city will be built on the site of the Neom smart city project, Crown Prince Mohammed bin Salman said on Sunday, as quoted by…

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