The exploration director of the National Iranian Oil Company (NIOC) announced the completion of the largest two- and three-dimensional land-sea seismic survey project in the Paniz region of Khuzestan province, utilizing wireless technology.
LASTEST NEWS Feed Atom
The GECF launched the new edition of its Global Gas Outlook (GGO) report on Monday where Mohamed Hamel, Secretary General in his remarks said natural gas is not just a bridge to the future.
Iraq's South Gas Company boss suggests Qatar and Oman as potential options for gas trade if the U.S. blocks Iraq's electricity imports from Iran.
World crude oil price today March 11, 2025
Brent crude futures rose 18 cents, or 0.3 percent, to $69.46 a barrel. U.S. West Texas Intermediate crude rose 9 cents, or 0.1 percent, to $66.12 a barrel.
The spokesperson for Iran's Foreign Ministry dismissed claims made by Reuters regarding the halting of Iranian oil tankers, labeling them as fabricated, false, or biased reporting.
The head of the Iranian Parliament's Article 90 Committee stated that the Oil Ministry is seriously pursuing the collection of associated petroleum gas (APG) but emphasized that the process needs to be accelerated.
The Central Bank of Iran (CBI) said on Monday that petrochemical companies had failed to return some 30% of the hard currency they have earned from exports in the calendar year that started in late March 2024.
Union Minister Hardeep Singh Puri stated that India is in a favorable position for green hydrogen growth in terms of infrastructure, storage, and supply.
World crude oil price today March 10, 2025
Brent crude fell 31 cents, or 0.4 percent, to $70.05 a barrel. U.S. West Texas Intermediate crude fell 35 cents, or 0.5 percent, to $66.69 a barrel.
The Trump administration rescinded a waiver on Saturday that had allowed Iraq to pay Iran for electricity, as part of President Donald Trump's "maximum pressure" campaign against Tehran, a State Department spokesperson said.
Oil India Limited is exploring collaborations with international oil companies for deep and ultra-deep water exploration under the latest OALP bidding round, according to Chairman and Managing Director Ranjit Rath.
Iran has supplied 20.8 billion liters of liquid fuel to the country's power plants since the beginning of the current Iranian year (late March 2024), the head of the National Iranian Oil Products Distribution Company (NIOPDC) said.
The CEO of the South Pars Gas Complex (SPGC) announced great amount of savings resulting from the domestic production of strategic parts and equipment by local companies.
US President Donald Trump said that India has agreed to “cut their tariffs way down,” signalling a potential shift in trade relations between the two countries.
The project manager for the development of the Azar oil field has announced the successful completion of the commissioning and operational launch of the field’s gas facilities.
The minister of oil announced that an average annual investment of $19 billion is required over the next four years to achieve a daily production of 1.34 billion cubic meters of gas.
The South Pars gas field executive announced a strategic pressure enhancement project aimed at boosting recovery rates from 54% to 75%, generating $780 billion in economic value.
China's crude oil imports decreased by 5% in 2024 due to the Biden administration's sanctions on Russian energy, impacting international flows.
India's BPCL plans to issue a tender for U.S. WTI crude in four consecutive months this summer, according to a source familiar with the plans.
Iran says Washington's continuation of its so-called "maximum pressure" policy against Tehran is tantamount to "crime against humanity," stressing that the failed policy will not yield new results for Washington.