Iran's oil minister said on April 14 that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned of consequences for increasing pressures on Tehran.
'My aspirations are for the company to be a strong performer,' Mike Wirth said in an interview with Reuters on April 12.
Chevron’s major drivers for the combination include Anadarko’s tight oil assets in the Permian and D-J basins plus its Mozambique LNG project and U.S. Gulf of Mexico assets, analysts say.
As a major supplier of oil and gas to Europe and starting point for migrant flows into Italy, much is at stake if the country slips into further turmoil.
KBR Inc. said April 9 that BP has awarded KBR’s U.K. operating subsidiary the pre-FEED services contract for Phases 2 and 3 of BP’s Greater Tortue Ahmeyim project, for the further development of Tortue field beyond Phase 1, located at the maritime border of Senegal and Mauritania.
Congo, Africa’s leading copper miner, has pumped just 25,000 barrels of oil per day for years despite sitting on up to 5 billion barrels of reserves.
Last year, 51.3 gigwatts of new wind installations were added globally, taking cumulative capacity to 591 GW, the Global Wind Energy Council said in an annual report on the wind industry.
Operators around the world announced several huge discoveries with a total combined resource of over 13 trillion cubic feet of natural gas and 1 billion barrels of oil.
The startup came eight months after Kaombo Norte went onstream. Together, the two FPSOs have a production capacity of 230,000 bbl/d, equivalent to 15% of Angola’s production, Total said in a news release April 2.
Nearly two-thirds of all new power generation capacity added in 2018 was from renewables, led by emerging and developing economies.
