Energy
ExxonMobil Looks to Dump $25 Billion in Oil and Gas Assets

21.11.2019: ExxonMobil is working to increase its asset sale program significantly, and is expected to give up oil and gas assets in Asia, Europe and Africa, worth up to US $ 25 billion, in order to...

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MINISTER FOR THE ENVIRONMENT COSTA: “ECOMONDO, THE MOST IMPORTANT GREEN ECOLOGY SHOW IN THE WORLD”.

Also representing the Government, Riccardo Fraccaro, Undersecretary to the Presidency of the Council of Ministers, and Antonio Misiani, Undersecretary for Economy and Finance. Message from Stefano...

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Dr.. Sultan Al Jaber highlights UAE oil sector strategy at London conference

In a keynote speech at the 40th Annual Oil and Money Conference in London organized by Energy Intelligence in October 2019, Dr. Sultan Al Jaber, Minister of State and CEO of ADNOC group of companies,...

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OPEC Secretary: Saudis have proven to be a reliable source of oil supplies.

OPEC General Secretary Mohammed Barkindo said the Saudis have shown the world that they are a reliable source of oil supplies.   He also said that the rapid moves taken by Saudi Arabia to resume...

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The International Energy Agency expects global gas demand to grow 1.6% annually until 2024

The International Energy Agency (IEA) confirmed that global gas demand is expected to grow by 1.6 percent annually until 2024, supported by consumption in China, which accounts for more than a third...

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Baker Hughes: Number of active oil rigs in America falls for the seventh week in a row.

US energy companies have cut the number of oil rigs in operation for a seventh consecutive week, as producers continue to implement plans to cut spending on new drilling this year, according to...

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Algeria’s oil and gas production down 1.3%

Algeria’s oil and natural gas production fell 1.3%, while refined products fell 4.9% in the first half of 2019 from the same period a year earlier, government sources said.   Algeria, one...

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OPEC decides to continue reducing production levels until December 2019

  The Organization of Petroleum Exporting Countries (OPEC) and its allies in Abu Dhabi agree on September 12, 2019 to maintain the current levels of reductions in oil production until next...

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President & CEO Amin Nasser: Attacks will not delay the IPO of the company on schedule

During his visit to places of terrorist attacks on Aramco facilities, Saudi Aramco president & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that...

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China plans to invest $10 billion in LNG

Japan’s public and private sectors are planning to invest about $10 billion to encourage wider use of liquefied natural gas (LNG) worldwide.   Japanese Industry Minister Aisho Sugawara is...

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