The Iranian Offshore Oil Company (IOOC) is upgrading its Forouzan oil and gas field with a new remote-control system, allowing operators to secure offshore wells during emergencies without the need for on-site personnel.
BREAKING NEWS Feed Atom
Brent crude futures fell by 34 cents, or 0.3%, to $94.05 per barrel. U.S. West Texas Intermediate (WTI) crude futures remained largely unchanged at $88.89 per barrel.
India has asked state-run fuel retailers to increase the storage capacity of liquefied petroleum gas to meet 30-days' demand, Sujata Sharma, a joint secretary in the federal oil ministry said on Friday.
Canada and the United States must do more to remove political risks around pipeline permitting, the head of South Bow Ltd. SOBO-Tsays, as the company finalizes a call for volume commitments on its planned Prairie Connector line.
The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz.
Brent crude futures rose by $1.75, or 1.86%, to $96.04 per barrel. U.S. West Texas Intermediate (WTI) futures rose by $2.08, or 2.35%, to $90.76.
Bharat Petroleum Corporation Limited (BPCL) has appointed Pushp Kumar Nayar as Director (Human Resources), strengthening the leadership bench at a time when India’s energy sector is balancing operational scale, workforce transformation and digital capability building.
Iran’s Energy Minister stated that targeting water and energy facilities is a direct threat to global security and public health, and by presenting six proposals, called for the formation of a regional assembly for water and climate cooperation.
Brent crude oil futures dropped by $3.11 (a 3.12% decrease) to $96.47 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell by $3.64 (a 3.88% decrease) to $90.25 per barrel.
Canada is set to announce a deal to supply Germany with liquefied natural gas from a planned export facility on the coast of British Columbia, according to people familiar with the matter.
Turkey will build a 97-kilometer subsea natural gas pipeline to Northern Cyprus to bolster energy security and potentially link Eastern Mediterranean gas reserves to European markets, Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced.
The CEO of the National Iranian Oil Company said reconstruction work at gas refineries damaged during the 40-day war is progressing steadily, with detailed planning already in place.
Brent crude futures rose by $2.03, or 1.86%, to $111.29 per barrel. U.S. West Texas Intermediate (WTI) crude futures also climbed $2.31, or 2.19%, to $107.73 per barrel.
The Trump administration allowed a sanctions waiver that had enabled countries, including India, to buy Russian seaborne crude to expire.
Iranian President Masoud Pezeshkian said revenues generated through better domestic gas consumption management could significantly improve people’s livelihoods and public welfare.
Disruptions in the Strait of Hormuz shifted Iran's trade route toward neglected land and rail corridors, a path now activated from Pakistan and Iraq to China and Central Asia.
Brent crude futures rose by 26 cents, or 0.25%, to $105.89 per barrel. U.S. West Texas Intermediate (WTI) crude futures also climbed 32 cents, or 0.32%, to $101.34 per barrel.
The 60% increase in gasoline prices in Canada following the war against Iran has driven up costs across the country.
The Iranian Oil Ministry prioritizes non-price reforms in managing gasoline consumption, the oil minister said, emphasizing that the ministry is not the decision-making authority regarding pricing or rationing.
The managing director of the Iranian Gas Engineering and Development Company called for faster execution of South Pars refinery reconstruction projects during an on-site visit, urging contractors to strictly adhere to the schedule, strengthen cooperation among project teams and expand technical and operational coordination with South Pars Gas Complex Company.