Saudi Arabia Makes Four Oil and Gas Discoveries

Saudi Arabias Energy Ministry on Sunday announced the discovery of four new oil and gas fields, state news agency SPA reported. State oil producer Aramco discovered oil in the Al-Ajramiyah well, northwest of the city of Rafhaa, with tests s...

Total closes ECA LNG stake acquisition

French major Total has confirmed its participation in the ECA LNG Phase 1 export project in Baja California, Mexico. Energa Costa Azul regasification terminal in Baja California, Mexico 8Courtesy of Sempra Energy) The equity investment agre...

Pakistan to Start Building LNG Pipeline with Russia in 2020

Pakistan will start building a 1,100-kilometre pipeline with Russia in July 2021 that will allow the South Asian nation to operate more liquefied natural gas (LNG) terminals. According to an article by Bloomberg, Nadeem Babar, petroleum adv...

Denmark to End Oil Production in 2050

The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew. Denmark is not a particularly large producer of oil and gas , with its average daily output this year estimated at...

RCEP Reaffirms Shift in World’s Economic Power Center

As the coronavirus pandemic continues to dominate the global agenda and the U.S. deals with post-election issues, 15 Asia-Pacific countries took a very important step toward creating the worlds biggest free-trade region by signing the Regio...

Russia’s Gazprom Finds Record-High Gas on Kara Sea Shelf

Russian gas monopoly Gazprom has performed another set of tests in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production centre. Earlier, the well helped discover a new deposit in the lower levels....