The investment value of new projects announced during the second quarter of 2013 across the global energy supply chain has risen to $342 billion, reflecting 23 per cent increase over the same period in 2012, a report said.
The estimated investment value of new projects announced during the second quarter of this year across the global energy supply chain has risen significantly to $342 billion, a 28 per cent increase compared to Q1, according to a report.
Oil major BP will outline growth plans for its oil and gas production arm on Monday in its first strategy update since striking a series of deals aimed at getting its Russian and US operations back on track.
Like all top investor-
With the renewed need to boost production to meet increasing demand, upstream petroleum industry worldwide is venturing into unconventional initiatives to extract additional barrels of oil from complex reservoirs, said a top Bahrain government o
Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said.
Saudi Aramco Energy Vent
Investment in oil exploration and production worldwide will increase this year to $380 billion, but may only return to 2008 record levels in two years time at the earliest, consultants Wood Mackenzie said on Thursday.
Spending in 2010 will
Egypt insisted it can block dams and other projects upstream on the Nile, challenging a new deal among African nations seeking to alter historic water sharing arrangements and secure more water for farms and growth.
Four African countries
Kuwait will invest around KD3 billion ($10.37 billion) in upstream developments over the next five years, a senior oil official said on Monday.
Kuwait, the world's fourth largest oil exporter, is looking to expand oil production capaci
From Iraq to Ecuador, international oil companies have swallowed their pride and agreed to contract terms they would have walked away from a few years ago.
Oil prices have risen more than five-fold since 2002, emboldening Opec and non-Opec