Analytics // Oil & Gas

Among the news from East ,the last two days: Italy's ENI raised its estimated natural gas reserves in Mozambique to the oil equivalent of 6.5 billion barrels, a full third greater than the 5 billion barrels it previously estimated.

Ukraine represent a market for minor to medium sized oil and gas companies as no major international player has made permanent presence there yet in the exploration or production phase

Twenty billion barrels of oil have been pumped up from the Norwegian continental shelf since production started in June 1971. It all began at the Ekofisk field, which in 2006 is Norway's most productive oil and gas field and a national cultural heritage monument.

One of last month's most interesting developments in Persian Gulf power politics played out not in the Middle East, but in Vienna, Paris, and Washington.

WINGAS firmly believes in the growing importance of natural gas in the European energy mix.

In the whole 19th century, Central Asia was in the heart of a complex geostrategic game which saw strong rivalries and conflicts between the British and the Russian Empires for supremacy in Central Asia.

Doors of opportunity have been flung open on Iraq's collossal upstream developments.

The 12 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 27.98 million barrels per day (b/d) in March, as the oil producer group continued its efforts to slash oversupply and prevent oil prices falling further, according to a Platts survey of OPEC, oil industry officials and analysts just released. This is down 90,000 b/d down from February’ s 28.07 million b/d.

The world community has entered a period that will determine the future development of the economy and, possibly, the entire arrangement of the global system. Manifestations of the crisis are wide-reaching and multifaceted, while the unstable situation makes forecasting barely possible. Dynamical systems theory experts link such phenomena to the “ points of bifurcation,” at which the smooth trajectory of development ends and the system’ s behavior undergoes a restructuring, the results of which are hard to predict.