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.
GAS Feed Atom
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).
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.
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.
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.
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 member of Parliament’s Energy Committee said improving consumption patterns, modernizing the gas distribution network and securing public cooperation can help the country get through the cold season without disruptions and ensure reliable services for consumers.
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration.
India has set a maximum daily cooking gas production target of 63,810 metric tons for state-run and private refineries to ensure domestic supplies and build buffers after U.S.-Israeli war against Iran disrupted supplies of the essential fuel, according to an August 13 government order.
has issued its first natural gas savings certificate, covering 5 million cubic meters, for an energy-efficiency project in Yazd province carried out under a contract with a gas service company, Oil Minister Mohsen Paknejad said.
Russia's second new domestically-built ice-class carrier for transporting liquefied natural gas, the Konstantin Posiet, departed from Bolshoy Kamen Bay in Primorsky Krai and set a course along the Northern Sea Route, LSEG data showed on Friday.
Iran’s Khark Petrochemical Company has entered joint projects with the Iranian Offshore Oil Company (IOOC) to collect flare gases, taking a new step toward securing sustainable feedstock, reducing flaring, and returning approximately 25 million cubic meters of gas to the national consumption cycle.
ADNOC has taken final investment decisions (FIDs) and handed out $8.2 billion in engineering, procurement and construction contracts for phases 2 and 3 of its Rich Gas Development (RGD) project, raising its targeted EBITDA growth to 60% by 2030 versus 2023, which is seen as an upgrade from the previously communicated target of more than 40% over 2023-2029.
Uniper expects gas prices to remain at around €50 to €60 per megawatt hour as long as the Strait of Hormuz is closed to shipping, the CEO of Germany's biggest gas importer said.
Oil Minister Mohsen Paknejad said about 95 million cubic meters per day of lost gas production capacity will be restored by the end of summer after damage to part of the gas processing facilities in Asaluyeh.
ADNOC Gas reported a 52% slide in second-quarter profit on Monday, with sales hit by the closure of the Strait of Hormuz after the U.S. and Israel launched attacks on Iran. The Abu Dhabi state-owned company's second-quarter profit fell to $665 million from $1.39 billion a year earlier but beat its guidance range of $400 million to $600 million.
Simultaneously with the continued production on South Pars platforms, reconstruction operations at the damaged refineries are underway with accelerated speed, aimed at restoring lost capacity and preparing the country's gas network for the cold season.
Reconstruction of South Pars Refinery No. 3 has moved into the execution phase after Pars Oil and Gas Company signed an agreement with a consortium of domestic contractors.
India may impose a charge on cooking gas and natural gas consumers to help fund a planned $42 billion strategic fuel reserve, according to two sources with direct knowledge of the matter, after disruptions from the Iran war exposed supply chain vulnerabilities.
The capacity for collecting associated petroleum gases has increased with the implementation of new projects, and the target of reducing flaring to 35 million cubic meters per day is being pursued.