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Biden angers all sides with scaled back offshore oil drilling plan

2 years ago

30 September 2023

12:55 PM

The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming.

Tripartite deal envisages construction of refinery in Syria

2 years ago

30 September 2023

12:47 PM

A senior official with the Iranian Ministry of Petroleum has said a tripartite agreement, signed among the Islamic Republic, Venezuela, and Syria, envisages the building of a new oil refinery in Syria's Homs Province.

Owji: Refining capacity, oil products quality promoted under 13th administration

2 years ago

30 September 2023

12:41 PM

Iranian Oil Minister Javad Owji on Friday said the country’s refining capacity and quality of oil products have been promoted under the 13th administration.

Isfahan Refinery’s RFCC executive operations start during president visit

2 years ago

30 September 2023

12:38 PM

The executive operations of Isfahan Oil Refinery’s Residual Fluid Catalytic Cracking (RFCC) Unit began on Friday.

Iran, Venezuela, Syria deal envisages construction of oil refinery in Homs: Official

2 years ago

29 September 2023

2:06 PM

Canada’s Top Growing Companies 2023: Saturn Oil & Gas Inc.

2 years ago

29 September 2023

2:02 PM

Saturn Oil & Gas Inc. is taking a unique strategy to growing a Canadian energy company, focused on generating positive shareholder returns through the responsible development of light oil weighted assets in Western Canada.

India 10-year yield posts first quarterly rise in 5 on rising oil, US peers

2 years ago

29 September 2023

1:57 PM

Indian government bond yields rose on Friday, with the benchmark yield posting its first quarterly rise in more than a year on the back of a relentless spike in oil prices and U.S. yields.

Oil up $1 on tight U.S. supply, China demand

2 years ago

29 September 2023

12:56 PM

Oil prices rose on Friday and were headed for a gain of about 3% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday.

US plans sharp reduction in offshore oil and gas auctions

2 years ago

29 September 2023

12:53 PM

The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of a long-awaited leasing schedule that includes a maximum of three sales in the Gulf of Mexico through 2029.

All NISOC wells ready for production

2 years ago

29 September 2023

12:45 PM

Iran’s oil production level stood at roughly 2.2 mb/d in 2021, before the 13th administration took office. It recently rose to 3.1 mb/d. National Iranian South Oil Company (NISOC) is the main oil supplier in Iran, accounting for 75% of the country’s oil production.

Raeisi to inaugurate Isfahan Refinery’s DHT Unit shortly

2 years ago

29 September 2023

12:43 PM

The environmental project of Isfahan Refinery’s Diesel Hydrotreating (DHT) Unit will be inaugurated in the presence of President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji within hours.

Russian oil sold to India at 30% above Western price cap, traders say

2 years ago

28 September 2023

12:47 PM

Russia is selling oil to India at nearly $80 per barrel, some $20 above the Western price cap, traders said and Reuters calculations showed, as tight global oil markets help Moscow generate strong appetite for its exports.

Tight supply, inflation concerns keep oil investors on fence

2 years ago

28 September 2023

12:41 PM

Oil prices steadied on Thursday as investors weighed supply concerns against growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation.

Photos/Iran’s oil minister attends 93rd Saudi National Day ceremony

2 years ago

28 September 2023

12:20 PM

Iranian Oil Minister Javad Owji and a number of foreign ambassadors attend a ceremony to celebrate the 93rd National Day of Saudi Arabia at the kingdom’s embassy in Tehran on September 26, 2023.

Oil prices climb $1 as markets focus on supply tightness

2 years ago

27 September 2023

12:33 PM

Oil prices rose by more than $1 on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.

Oji underlines oil industry role in strengthening Iran-Saudi ties

2 years ago

27 September 2023

12:25 PM

Iranian Oil Minister Javad Oji has emphasized the important role of the oil industry in strengthening the ties between the Islamic Republic and Saudi Arabia, Shana reported.

NIDC says 55 wells drilled, completed in six months

2 years ago

27 September 2023

12:20 PM

The National Iranian Drilling Company (NIDC) consolidated planning director on Tuesday said 55 onshore and offshore oil and gas wells have been drilled and completed in the first half of the current Iranian calendar year (March 21-September 22, 2023).

Oil prices fall as economic outlook outweighs tight supply

2 years ago

26 September 2023

12:47 PM

Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer.

Iran Can Export 100,000 Barrels of Crude to Syria Daily: NIORDCO

2 years ago

26 September 2023

12:38 PM

With the repair and maintenance services of Syria’s Homs Refinery completed, Iran can export 100,000 barrels of oil per day (bpd) to Syria, the chief executive of the National Iranian Oil Refining and Distribution Company (NIORDC) said.

One dead, four injured in incident at Iran’s Bandar Abbas refinery

2 years ago

26 September 2023

11:58 AM

One person has died and four others were injured in an incident at Iran's southern refinery of Bandar Abbas last week, Iranian state media reported on Monday.

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Latest News of Oil, Gas and Petrochemical industry

OIL Feed Atom

Biden angers all sides with scaled back offshore oil drilling plan

Tripartite deal envisages construction of refinery in Syria

Owji: Refining capacity, oil products quality promoted under 13th administration

Isfahan Refinery’s RFCC executive operations start during president visit

Iran, Venezuela, Syria deal envisages construction of oil refinery in Homs: Official

Canada’s Top Growing Companies 2023: Saturn Oil & Gas Inc.

India 10-year yield posts first quarterly rise in 5 on rising oil, US peers

Oil up $1 on tight U.S. supply, China demand

US plans sharp reduction in offshore oil and gas auctions

All NISOC wells ready for production

Raeisi to inaugurate Isfahan Refinery’s DHT Unit shortly

Russian oil sold to India at 30% above Western price cap, traders say

Tight supply, inflation concerns keep oil investors on fence

Photos/Iran’s oil minister attends 93rd Saudi National Day ceremony

Oil prices climb $1 as markets focus on supply tightness

Oji underlines oil industry role in strengthening Iran-Saudi ties

NIDC says 55 wells drilled, completed in six months

Oil prices fall as economic outlook outweighs tight supply

Iran Can Export 100,000 Barrels of Crude to Syria Daily: NIORDCO

One dead, four injured in incident at Iran’s Bandar Abbas refinery