The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?
Read moreOPEC+ Agreement to Speed up Market Dichotomy
On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).
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NefteGaz to add Delayed Coker in Afipsky Refinery The Russian NefteGazIndustriya LLC (NefteGaz) made the final investment decision […]
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$45 billion Alaska LNG FERC approval in progress The major companies ExxonMobil from USA, BP from UK, ConocoPhillips […]
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One Day – One Country: India
India Key Projects and Business Highlights 2014 The Indian oil and gas sector is dominated at 70% by national […]
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Gasum to build – operate Finngulf LNG Import Terminal The Finnish midstream company Gasum Oy (Gasum) will build […]
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What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 […]
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KMG joined KPO partners for KEP1 in Karachaganak 3 Through its national oil company (NOC) KazMunaiGas (KMG) Kazakhstan […]
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ONGC to add platforms offshore Daman in Arabian Sea The Indian national oil company (NOC) Oil and Natural […]
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One Day – One Country: Canada
Key Projects and Business Highlights 2014 On the Western Canada, the Provinces of British Columbia (B.C.) and Alberta […]
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