Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said.
GAS Feed Atom
South Pars Phase 11 has produced a cumulative 16.6 billion cubic meters of rich gas, with an energy value equivalent to approximately 100 million barrels of crude oil, according to the project manager for the phase’s development.
The development of the Belal gas field, as one of the key and strategic projects of the oil industry in the Persian Gulf, has entered a new implementation phase with significant technical progress in drilling and platform construction.
Developing compressed natural gas (CNG) infrastructure is one of the most effective ways to reduce gasoline consumption, a member of Parliament’s Energy Committee said, stressing that past experience has demonstrated CNG’s significant role in managing fuel demand.
India raised prices of domestic cooking gas for the second time since the Iran war started, to help state retailers cut losses on discounted fuel sales.
The CEO of the South Pars Gas Complex announced the continued stable production of gas at the complex’s refineries, emphasizing the role of integrated planning, goal-oriented management, and the round-the-clock efforts of the staff. He stated that the reconstruction of facilities and the implementation of strategic projects are proceeding at an accelerated pace and with high quality.
Fajr Jam Gas Refining Company has launched reconstruction efforts for a major sweetening and cooling unit damaged during the recent 12-day war, according to company officials.
Debris removal operations at two damaged gas refineries in the South Pars Gas Field have reached 60% completion following the 40-day conflict, with parts of the facilities now ready to enter the reconstruction phase, according to the head of Pars Oil and Gas Company.
Deputy oil minister for gas affairs said the country faces a difficult year ahead in addressing energy imbalances, emphasizing that the residential and commercial sectors hold significant potential for reducing natural gas consumption.
The Pars Oil and Gas Company (POGC) established a steering committee dedicated to the reconstruction of damaged South Pars refineries, aimed at safeguarding the nation’s strategic energy production capacity.
Sixty-three kilometers of Iran's National Gas Line 7 have undergone a thorough cleaning operation, officials announced. The maintenance, known as pigging, was conducted within the operational area of the 10th Gas Transmission Operations region.
India's largest state-run refiner and fuel retailer, Indian Oil Corporation, has raised the price of a 19 kilogram commercial LPG cylinder for industrial clients by 42 rupees ($0.4421) to 3,113.50 rupees from 3,071.5 rupees, according to its website.
Three offshore platforms in Iran’s South Pars gas field resumed production following disruptions caused by the Third Imposed War, according to the CEO of Pars Oil and Gas Company.
India has asked state-run fuel retailers to increase the storage capacity of liquefied petroleum gas to meet 30-days' demand, Sujata Sharma, a joint secretary in the federal oil ministry said on Friday.
Canada is set to announce a deal to supply Germany with liquefied natural gas from a planned export facility on the coast of British Columbia, according to people familiar with the matter.
Turkey will build a 97-kilometer subsea natural gas pipeline to Northern Cyprus to bolster energy security and potentially link Eastern Mediterranean gas reserves to European markets, Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced.
The CEO of the National Iranian Oil Company said reconstruction work at gas refineries damaged during the 40-day war is progressing steadily, with detailed planning already in place.
Iranian President Masoud Pezeshkian said revenues generated through better domestic gas consumption management could significantly improve people’s livelihoods and public welfare.
The managing director of the Iranian Gas Engineering and Development Company called for faster execution of South Pars refinery reconstruction projects during an on-site visit, urging contractors to strictly adhere to the schedule, strengthen cooperation among project teams and expand technical and operational coordination with South Pars Gas Complex Company.
According to oil industry experts, Iran's national CNG network, with 2,365 active stations, is a trump card that can reduce gasoline consumption by up to 24 million liters per day without spending a single additional rial.