Rick Vierbuchen (R), then president of ExxonMobil Upstream Ventures, shakes hands with Abdul Mahdy al-Ameedi, the director general of the Oil Ministry’s Petroleum Contracts and Licensing Directorate (PCLD), after signing Continue Reading
Crude oil production from OPEC and its allies jumped 430,000 b/d in May, the latest S&P Global Platts survey found, led by Saudi Arabia, which accounted for about 84% of Continue Reading
Given the U.S.’s broad scaling-down of its on-the-ground operations in the Middle East over the past five years, a specific function of which is ExxonMobil’s intention to sell its stake Continue Reading
Follows upgrade to Black Sea gas reserves to 540 Bcm First phase of production targets 10 million cu m/d by 2023 ‘Positive signs’ from East Med wells to date Turkey’s Continue Reading
A top U.S. envoy appealed to Iran to accept a “mutual return” to a landmark nuclear agreement with world powers as diplomats are set to gather to negotiate a cap Continue Reading
Chinese authorities have ordered a unit of state-run PetroChina to stop trading off crude oil import quotas with local refineries as part of a crackdown on excessive fuel production, a Continue Reading
For the second time in six months, Chinese provinces are rationing electricity as the nation’s grids struggle to manage a surge in demand. This time, it’s partly because residents are Continue Reading
The US Energy Information Administration forecast coal production of about 600 million st in 2021, up 11.3% from the estimated 2020 output of 539 million st, the agency’s Short-Term Energy Continue Reading
China is considering imposing a cap on the price of thermal coal as it struggles to contain high energy costs ahead of peak demand over the summer, Bloomberg reported on Continue Reading
China’s state-controlled energy giant Sinopec aims to set up plants that can make 500,000 tonnes of hydrogen a year from renewable energy sources by 2025, a company executive said at Continue Reading
