INTERNATIONAL Feed Atom

Azerbaijan says BP reduced oil production there by 1.5 mln tons Y/Y in Jan-Sept 2023

2 years ago

16 October 2023

2:38 PM

Oil production at the Azeri-Chirag-Gunashli field block operated by BP in Azerbaijan fell to 13.5 million metric tons in January-September 2023 from 15 million metric tons in the first nine months of 2022, the country's Energy Ministry said on Monday.

Russia-China energy cooperation in focus as Putin visits Xi

2 years ago

15 October 2023

1:13 PM

Since the start of the Ukrainian conflict, Russia, a leading global oil producer, has cemented its energy ties with China, the world's No. 2 oil consumer after the United States.

Turkmenistan Eyes Lucrative Gas Deal With Iraq

2 years ago

15 October 2023

1:02 PM

Turkmenistan is in discussions to export up to 10 billion cubic meters of gas to Iraq in a three-way swap deal involving Iran. Efforts are ongoing to advance the trans-Afghanistan TAPI gas pipeline, with Pakistan keen on deepening energy cooperation. Domestically, Turkmenistan continues to invest in the development of Arkadag city and is planning significant health infrastructure in Ashgabat.

All Eyes On Iran For Security Of Oil Supply

2 years ago

15 October 2023

12:54 PM

The Strait of Hormuz, in Iranian waters, is one of the biggest oil chokepoints in the world. Iran's Foreign Minister, Hossein Amir-Abdollahian, said this week that "other fronts" might open in the Israel-Hamas war. Saudi Arabia, which has been recently working on a deal to build diplomatic relations with Israel, has refrained from taking a side.

Iran, Saudi Arabia seek expansion of trade ties

2 years ago

15 October 2023

12:48 PM

Head of Iran Chamber of Guilds Mojtaba Safaei hosted a meeting with Abdullah bin Saud al-Anzi, Saudi Arabia’s new Ambassador to Tehran, on Saturday evening, in which the officials discussed ways of expanding trade relations between the two countries.

IEA, OPEC predictions of 2024 oil demand growth diverge further

2 years ago

15 October 2023

12:45 PM

The gap between two leading oil forecasters' views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) predicting a sharper slowdown while producer group OPEC stuck to expectations for buoyant China-led growth.

Saudi energy minister: We need to be ‘proactive’ on oil market

2 years ago

14 October 2023

2:03 PM

Saudi Energy Minister Prince Abdulaziz bin Salman said in a Russian TV interview that it was necessary to be "proactive" on the oil market and attempt to bring stability to it, while adding that oil producers do not target prices.

Canada’s top court backs Alberta challenge to Trudeau environment law

2 years ago

14 October 2023

1:59 PM

RoydadNaft – Canada’s Supreme Court dealt a blow to Prime Minister Justin Trudeau’s government on Friday by ruling that a federal law assessing how major…

No gas finds after drilling at Lebanon’s offshore Block 9, source says

2 years ago

14 October 2023

1:56 PM

No hydrocarbon finds were made after exploratory drilling operations at Lebanon's offshore Block 9, two sources with direct knowledge of the matter told Reuters on Friday.

Russia proposed oil supplies to Azerbaijan via the Baku-Tikhoretsk pipeline

2 years ago

14 October 2023

1:53 PM

Moscow and Baku are discussing the possibility of Russian oil supplies to Azerbaijan via the Baku-Tikhoretsk oil pipeline in reverse mode, the Russian government announced late on Thursday.

India to push developed nations to become ‘carbon negative’ before 2050 -sources

2 years ago

14 October 2023

1:49 PM

RoydadNaft – India wants to push developed nations to become carbon negative rather than carbon neutral by 2050, arguing that would allow emerging market economies…

India’s Methane Emissions Challenge: Addressing The Data Gap In The Oil & Gas Sector

2 years ago

13 October 2023

12:55 PM

RoydadNaft – In the oil and gas sector, a few large emissions have a disproportionate contribution to total emissions. The challenge lies in identifying the…

Canada regulator to make preliminary decision on Trans Mountain expansion tolls

2 years ago

13 October 2023

12:50 PM

The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp's proposed shipping tolls for its oil pipeline expansion project this autumn, before holding a hearing on the tolls next year.

Greenpeace Canada files regulatory complaint over Suncor’s climate disclosures

2 years ago

12 October 2023

12:35 PM

RoydadNaft – Environmental group Greenpeace on Thursday said it has filed a complaint against Suncor Energy with the Alberta Securities Commission (ASC), arguing that Canada’s…

Saudi energy minister: we need to be proactive on oil market

2 years ago

12 October 2023

12:32 PM

Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline

2 years ago

12 October 2023

12:28 PM

RoydadNaft – Canada faces an uphill battle to recoup the roughly C$35 billion ($25.74 billion) in taxpayers’ money it has sunk into the Trans Mountain…

India invites bids for gas distribution licences, official says

2 years ago

12 October 2023

12:23 PM

India has invited bids for licences to supply natural gas to households, automobiles and small industries in five northeastern states and two union territories, its gas regulator said on Thursday.

Oil tracks global equities higher, IEA demand downgrade weighs

2 years ago

12 October 2023

12:19 PM

Oil prices rose about 1% on Thursday, reversing earlier falls, on expectations that U.S. interest rates had peaked, but a lower demand growth forecast for next year from the International Energy Agency and higher U.S. inventories limited further gains.

OPEC sticks to 2024 oil demand growth forecast

2 years ago

12 October 2023

12:13 PM

OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy so far this year and expected further demand gains in China.

Owji welcomes Putin remarks on Iran-Russia energy swap, calls for setting up gas hub in Persian Gulf

2 years ago

12 October 2023

11:59 AM

Iranian Oil Minister Javad Owji on Wednesday welcomed Russian President Vladimir Putin’s remarks on increasing energy exchanges between the two countries in his address to the 6th Russian Energy Week International Forum.