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GECF: more than a quarter of 2050 natural gas supply untapped

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average economic growth rate between 2000 and 2019, continuously expanding domestic gas production, attracting investors, and enhancing knowledge and technologies exchange. As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an 11.5%

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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It brings an additional cause of concern for global energy security at a time of heightened geopolitical risks in some major producer countries, such as Venezuela, the IEA said. In 2016, only 13% of all conventional resources sanctioned were offshore, compared with more than 40% on average between 2000 and 2015.

Oil 150
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US 2nd-largest petroleum refinery to pay more than $5.3M for Clean Air Act violations

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Hovensa LLC, a joint venture between subsidiaries of Hess Corporation and Petroleos de Venezuela, S.A., and the owner of the second-largest petroleum refinery in the United States, has agreed to pay a civil penalty of more than $5.3