Saturn Oil & Gas Inc. is taking a unique strategy to growing a Canadian energy company, focused on generating positive shareholder returns through the responsible development of light oil weighted assets in Western Canada.
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Russia is selling oil to India at nearly $80 per barrel, some $20 above the Western price cap, traders said and Reuters calculations showed, as tight global oil markets help Moscow generate strong appetite for its exports.
Turkish President Recep Tayyip Erdogan has welcomed Iran’s proposal regarding the so-called Zangezur corridor connecting Azerbaijan to Armenia, saying the corridor can pass through Iran in the event Armenia does not allow it to pass through its territory.
During a meeting between the governors of the central banks of Iran and Qatar, in Doha on Wednesday, the two sides discussed the strategies for developing financial and banking relations between the two countries.
The UK government's development finance institution British International Investment (BII) plans to invest about $1 billion in Indian climate-related projects by 2026, a top official said, drawn to the country's expanding renewable energy capacity.
Officials from Iran and China stressed the need to enhance bilateral cooperation in the standards sector within the framework of the revision of the document of cooperation aimed at facilitating trade and economic relations.
Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank (ECB), said on Saturday that the spike in oil and fuel prices did not change the ECB's objective to bring inflation back towards 2% by 2025.
The head of the National Iranian Gas Company (NIGC) has said gas projects worth over 330 trillion rials (about $663.1 million) are currently underway in less developed regions across the country, IRNA reported.
The Central Bank of Iran (CBI) has reported that the economy grew by 6.2% in the first three months of the Itranian calendar year (March 21 to June 21).
A contract on the integrated development of the joint Azadegan oil field will be signed within a month, said the National Iranian Oil Company (NIOC) director of investment and business development on Wednesday.
Hungary signs a landmark gas supply agreement with Turkmenistan, signaling its shift from reliance on Russian gas. Current transit routes for Turkmen gas involve a three-way swap deal between Turkmenistan, Iran, and Azerbaijan, with possible expansion plans.
Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country's communications directorate said on Monday.
Germany must strengthen rather than abandon the liquefied natural gas (LNG) capability built last year to retain energy diversity in the face of continued fragility of supply, a senior economy ministry official told an industry event on Tuesday.
Canada's Trans Mountain oil pipeline expansion, which will nearly triple the flow of crude from Alberta to Canada's Pacific Coast beginning early next year, will shake up North America's supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast.
Former Iranian Ambassador to Italy Abolfazl Zohrevand has said that releasing Iran’s blocked funds depicts the US' need to keep ties with the Islamic Republic of Iran.
The completion of petrochemical industry’s value chain is not just a motto, but a task, plan, and duty as an inviolable strategy, said Iran’s National Petrochemical Company (NPC) managing director on Tuesday.
With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply.
The governor of the Central Bank of Iran (CBI) announced that €5.573 billion of the country’s frozen assets has been unblocked.
The fossil fuel industry is increasingly under the microscope for its contribution to climate change, but the president of British oil giant Shell's Canadian subsidiary says oil and gas companies can't be held solely responsible for the pace of the global energy transition.
In a meeting between an Iranian trade delegation from the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) with the deputy head of the Istanbul Chamber of Commerce (ICOC), the two sides called for improving mutual cooperation.