The recovery of production capacity at the Phase 14 refinery in South Pars gas field is 70% complete and is expected to be finished by the end of the Iranian calendar year, the CEO of Pars Oil and Gas Company said.
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India's downstream petroleum and gas regulator said on Friday it has approved the laying of about 1,800 km of LPG pipeline infrastructure at an estimated investment of 70 billion rupees ($731.49 million).
Iran has redesigned the development plan for the Sohrab oil field after receiving environmental approval, aiming to minimize disruption to the nearby Hoor al-Azim wetland, the National Iranian Oil Engineering and Construction Company reported.
The Director-General of the West Asia Office of the Trade Promotion Organization of Iran (TPOI) announced that the preferential trade agreement with Oman has been finalized after completing administrative procedures and has been submitted to the Parliament for final review.
Brent crude futures fell 50 cents, or 0.53%, to $93.28 a barrel. U.S. West Texas Intermediate (WTI) crude futures slipped 44 cents, or 0.51%, to $86.39 a barrel.
Deep in Australia's Red Centre, gas is set to start flowing next month from the sprawling Beetaloo basin to Darwin 500 km (310 miles) north, in what developers hope kicks off the country's own U.S.-style shale revolution.
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran's oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have to turn to alternative supply as soon as next month.
Brent crude futures rose $1.20, or 1.3%, to $92.82 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained 92 cents to $86.75 a barrel.
Tajikistan has asked to import 2.5 million metric tons of oil and petroleum products from Iran, the Central Asian country's transport ministry said, as its traditional supplier Russia grapples with fuel shortages of its own.
Oil shipments from Russia's western ports have fallen to about 2.3 million barrels per day in the first half of August, 15% below the initial loading plan, because of disruptions at the Black Sea port of Novorossiysk.
The issuance of the first certificate for saving 5 million cubic meters of natural gas marks a major operational step toward commercializing energy savings and developing a gas-efficiency market under contracts with energy service companies.
A tripartite meeting of representatives from Iran, the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), and the Financial Information Center of the Republic of Uzbekistan was held virtually, focusing on the development of international cooperation in combating money laundering and financing of terrorism.
Brent crude futures rose 77 cents, or 0.85%, to $91.79 a barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 85 cents, or 1%, to $85.79 a barrel.
Canada's biggest oil producers are targeting late 2027 for a final investment decision on their proposed 6-million-tonne carbon capture and storage project, a key piece of the country's plan to grow oil production and keep emissions in check, the president of the Oil Sands Alliance industry group told Reuters.
The head of Well Repair, Completion and Technical Services at the National Iranian South Oilfields Company announced a significant increase in the activity of workover rigs and coiled tubing units during the first four months of this year, stating that these operations have played an effective role in sustaining and boosting oil production by reviving wells, resolving technical problems and restoring production capacity.
Iran’s Deputy Minister of Energy for Electricity and Energy Affairs announced that electricity supplied to the country’s petrochemical plants has increased sixfold compared with last year to keep production running.
The acting manager of South Pars First Refinery announced the successful completion of the refinery's major overhaul within one week and said: The refinery is now ready for sustainable production during the cold season.
Brent crude futures rose 20 cents, or 0.22%, to $91.07 a barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.58%, to $84.99 a barrel.
India's Torrent Gas aims to file updated draft papers for an initial public offering of up to 40 billion rupees ($418.09 million) as early as this week, two sources aware of the matter told Reuters.
A series of new Canadian crude oil export pipeline projects could help the world's fourth-largest oil producer meet global demand and come closer to achieving Prime Minister Mark Carney's "energy superpower" ambition.