Qatargas, the world’s largest liquefied natural gas producer, said this week it’s signed a three-year sales and purchase agreement with BOTAŞ Petroleum Pipeline, Turkey’s state-owned crude and natural gas pipeline and trading company.
The Kurdish independence referendum scheduled to take place on Monday Sept. 25 won’t impact Iraq’s oil production, the Iraqi oil minister Jabar al-Luaibi said this week, saying the issue would be “political.”
The UK oil and gas industry, both offshore and onshore, have reacted to a study by University of Edinburgh scientists suggesting the UK hydrocarbons reserves may only last another decade, Kallanish Energy reports.
Crude oil prices slipped on Thursday moving away from gains of as much $1.15 on Brent prices a day before, as markets wait to see what comes out of the joint OPEC and non-OPEC meeting in Vienna today.
Russia’s Rosatom State Atomic Energy Corp. CEO Alexei Likhachev held meetings with representatives of Saudi Arabia on the sidelines of the 61st General Conference of the International Atomic Energy Agency (IAEA) in Vienna.
The U.S. Energy Information Administration is overestimating U.S. crude oil production by 100%, Continental Resource’s founder and CEO Harold Hamm said Wednesday in a Fox Business interview, Oilprice.com reported.