Oil Minister for Venezuela, Eulogio del Pino, is once again hoping to persuade the Organization of the Petroleum Exporting Countries (OPEC) to reach a freeze deal that would help boost global oil prices.
Russian energy giant Gazprom has sent a note to Iranian authorities with a request to participate in gas liquefaction bids in order to enhance Iran's gas project development and Iranian gas exports to Europe.
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
The Egyptian government is in negotiations with the states, that are involved in a joint-cooperation agreement with Egypt and own LNG companies, to supply Egypt’s LNG requirements for two years.
Russian President, Vladimir Putin, has ceremoniously opened the Arctic Gate marine oil terminal on the Yamal Peninsula, which is to provide access for Russia's Arctic-sourced crude to both European and Asian markets.
A Moroccan energy official said that a number of investment opportunities were proposed to the Russian gas and oil companies during a joint working group held in Moscow.
Egypt's Minister of Electricity and Renewable Energy, Mohamed Shaker, affirmed that the final binding contract for the Dabaa nuclear plant, that will remain in effect for 60 years, is to be endorsed soon.
National Iranian Oil Company (NIOC) and state-owned Russian oil refinery have inked a non-disclosure agreement whereby the Russian side will conduct studies on two Iranian oil fields.
Recoverable oil reserves in the US has currently surpassed those in Saudi Arabia and Russia, making the US the world’s biggest country with oil reserves, according to an evaluation published by a Norway-based indepen ...