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Eni Boots up World's Biggest Industrial Supercomputer

Jan 18, 2018

Italian oil and gas group Eni said on Thursday it had installed new capacity at its supercomputing centre near Milan to create the world's most powerful industrial computer. The new capacity quadruples the group's computing power, allowing it to process up to 22…

India to Auction 55 Oil and Gas Exploration Blocks

Jan 17, 2018

India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country's first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said.The…

Norway: We Must Prepare for Arctic Oil Race with Russia

Jan 17, 2018

Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries…

EU to Hit Venezuelan Officials with Sanctions

Jan 17, 2018

Seven senior Venezuelan officials are likely to face European Union sanctions from next week, including the country's powerful chief justice, diplomats said, as the EU seeks to pressure President Nicolas Maduro to resolve a political crisis…

Current News

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

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Oil prices drop after Trump announces talks with Iran.
Asia stocks rebound as AI optimism offsets Middle East anxieties
Russell: Hormuz's losses can't be offset by the surge in US crude imports to Asia.
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