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Unites States' Plan to Cut Reliance on Oil Imports Will Not Affect The Oil Production

Aug 22, 2013

The Unites States' plan to cut reliance on oil imports will not affect the oil production in the Gulf countries as Asia's demand for Middle East oil is rising, said a report released Monday by research firm Orient Planet. Recent major ...

Tags: Oil Production

Marathon Oil and Talisman Energy Are Pulling out of Shale Gas Exploration in Poland

May 13, 2013

The announcements this week by North American energy companies Marathon Oil and Talisman Energy that they are pulling out of shale gas exploration in Poland seems to have finally killed the government's initial hope that the former Soviet ...

Tags: Polish Shale Gas, Gas

Crude Oil Production by Norway Is Expected to Fall 4% in 2013 to 1.47 Million B/D

Jan 14, 2013

Crude oil production by Norway, the world's eighth largest exporter, is expected to fall 4% in 2013 to 1.47 million b/d, from 1.53 million b/d in 2012, the Norwegian Petroleum Directorate said on Friday. The NPD also said it expected gas ...

Tags: Norway, Oil, Gas, Mineral

Renault Will Sign a Pact Today to Build Its First Plant in Algeria

Dec 24, 2012

A company spokeswoman said that Renault will sign a pact today to build its first plant in Algeria during a highly symbolic visit by Mr François Hollande President to the former French colony. She said that “Renault will sign ...

Tags: Renault, pact, Algeria, oil

Trans Caspian Project Should Be Viewed of Azerbaijan and Turkmenistan

Dec 13, 2012

Trans Caspian gas pipeline project should be viewed within sovereign rights of Azerbaijan and Turkmenistan. The negotiations on the legal status of the Caspian Sea are held in both bilateral and multilateral format within a special ...

Tags: gas pipeline project, negotiation, foreign minister

Turkey Will Continue Purchasing Iranian Gas Regardless of UN Sanctions

Dec 13, 2012

Vestnikkavkaza cited Mr Recep Tayyip Erdogan PM of Turkey as saying that Turkey will continue purchasing Iranian gas regardless of UN sanctions. Mr Erdogan said that Iran was the second largest gas exporter to Turkey with Russia being the ...

Tags: Iranian gas, UN sanctions, gas exporter, gas

The South Gas Project Will Strengthen The European Energy Security

Dec 11, 2012

Mr Rovnag Abdullayev president of SOCAR saying that the South gas project will strengthen the European energy security. Mr Abdullayev said that the corridor will bring the relations between EU and Azerbaijan to a qualitatively new ...

Tags: South gas project, European energy security, Azerbaijan, gas exporter