The CEO of Pars Oil and Gas Company (POGC) outlined necessary measures to advance the gas pressure-boosting project in South Pars, including providing a comprehensive operational plan, making timely decisions and meeting set deadlines.
GAS Feed Atom
In a significant development, the state-owned Oil India Limited (OIL) commenced its exploration and production activities in Tripura by spudding its well at Debtamura in Tripura’s Gomati district, officials said here on Wednesday.
Touraj Dehghani, CEO of Iran's Pars Oil and Gas Company, said that his company has four plans to develop gas fields, including Kish, North Pars, Bilal, and Farzad, in the next five years, and its goal is to increase extraction by 200 to 250 million cubic meters.
The CEO of Hoveyzeh Persian Gulf Gas Refining Company announced development plans in the upstream sector aimed at ensuring stable feedstock for petrochemical plants. The company has prioritized capturing associated gas from the Darkhovein and West Karun gas fields.
The CEO of Iranian Central Oil Fields Company (ICOFC) highlighted the company’s major role in supplying the country’s onshore gas while simultaneously managing production and development operations.
The Iranian government spokesperson acknowledged the efforts of the Ministry of Petroleum last year to ensure optimal winter fuel supply, stating: "As a fellow citizen, I appreciate the hardworking individuals in the oil industry."
Iran will inaugurate new refinery projects worth more than $3.0 billion this year, despite years of stagnation in the country’s refining sector, a senior oil official said on Saturday.
Iran plans to increase daily gas production from the South Pars Gas Complex by 10 to 15 million cubic meters (mcm) this winter as part of an early overhaul strategy to prepare for rising seasonal demand, the company’s head said on Saturday.
The CEO of the National Iranian Gas Company (NIGC) announced new measures by the company to facilitate international contracts, attract investment and develop gas relations with neighboring countries. He said gas cooperation between Iran and Turkmenistan will pave the way for regional gas trade.
US energy groups are requesting Trump's administration to exempt liquefied natural gas tankers from a rule requiring producers to increase exports on US-built vessels.
A joint venture (JV), consisting of Shell (through BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation (ONGC), has wrapped up work on what is said to be India’s first offshore facilities decommissioning project.
Iran increased gasoline production to 120 million liters daily in Ordibehesht, despite a decline in profitability in the refining industry, according to a senior industry official.
President Pezeshkian prioritizes reforming consumption patterns, increasing productivity, and fair subsidy distribution to address the current crisis, claiming that proper management could eliminate poverty in the country.
An analysis of recent three-day data shows that gas consumption by power plants in Iran continues to rise. The gap between power plant and household consumption reached over 96 million cubic meters (mcm) between Friday (May 2) and Sunday (May 4).
The European Union will on Tuesday announce a roadmap to phase out the bloc's remaining gas ties with Moscow, but in the absence of sanctions it will be difficult for buyers to exit gas contracts using legal options such as force majeure.
The CEO of Sarkhoon and Qeshm Gas Refining Company stated that through major overhauls, self-sufficiency in supplying parts, and incident-free production, the refinery had a successful performance in 1403, effectively serving the public and ensuring stable energy supply.
The major maintenance period for South Pars gas platforms has begun at the start of the warm season to ensure safe and sustainable gas production this winter. The overhaul is expected to be completed within six months through precise execution of repair plans.
A potential gas leak incident at Oil India Limited’s (OIL) Well No. 309 in Nagajan village, Lankasi-Kothalguri, Dibrugarh district, caused widespread alarm on Thursday afternoon, reminding locals of the disastrous 2020 Baghjan blowout.
Indian Oil Corporation Ltd (IOCL), the country’s largest oil refiner, has entered into a five-year deal with global commodities trader Trafigura for the supply of liquefied natural gas (LNG), according to trade sources and a company statement.
Abu Dhabi National Oil Company (ADNOC) will start replacing some of the liquefied petroleum gas it supplies to India with cheaper U.S. cargoes from June, industry sources said, as U.S.-China tariffs rejig global trade flows.