The Iranian oil minister said that he held talks with the head of China energy company Sinopec office in Tehran to attract their investment to develop the…
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Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation.
The meeting noted the high dependency of member states on oil and gas products and agreed to step-up regional multilateral cooperation to mitigate supply disruptions
The state-owned Kuwait oil company aims to increase natural gas production to meet local demand, the company’s acting chief executive officer Khaled Nayef Al Otaibi said on…
Iran and Uzbekistan signed a memorandum of understanding (MOU) on cooperation in different energy sectors, Fars news agency reported on Sunday.
As reported, the…
The United States on Monday imposed sanctions on China and other companies that allegedly helped sell tens of millions of dollars worth of Iranian oil and petrochemicals…
The negotiations to revive the Joint Comprehensive Plan of Action (JCPOA) between Iran and the P5+1 (China, France, Russia, the United Kingdom, the United States, and Germany)…
The oil and gas industries can be broken down into three segments: upstream, midstream, and downstream.
Contents
What Are Upstream Operations…
President Nicolas Maduro says Venezuela has received an advanced oil tanker from Iran as part of a bilateral contract amid increasing cooperation between Tehran and Caracas in…
Oil steadied on Friday after a sharp fall in the previous session, but pricess remained on track for a weekly decline on fears of hefty interest rate…
Uzbekistan and Iran signed 18 documents in various areas of cooperation as a result of Uzbek-Iranian high-level talks, the presidential press service reported.
President…
The crew of one of two Greek oil tankers seized by Iranian armed forces in May have been replaced by their company, Iran’s foreign ministry said Wednesday.
Kpler, a commodities data intelligence firm, has reported that the Islamic Republic of Iran has exported 20 million barrels of its stored oil to the international markets…
Oil futures fell about 4% to a one-week low on Thursday on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand…
A leading provider of comprehensive electrical engineering maintenance and solutions in Malaysia, BPE Engineering & Services Sdn Bhd continues to help drive the local oil and gas…
Oil rose about 2% on Wednesday, rebounding from the previous day’s lows, as an international energy watchdog expects an increase in gas-to-oil switching due to high prices…
Oil prices were up on Monday, shaking off weaker demand expectations as countries head into the winter season.
Brent crude futures appreciated by $1.16…
Iranian oil officials said a fire at the southwestern Shadegan oil field has been extinguished amid claims that the blaze was an act of sabotage.
OPEC on Tuesday stuck to its forecasts for robust global oil demand growth in 2022 and 2023 citing signs that major economies were faring better than expected…
The CEO of Petropars Oil Company, Shamsuddin Mousavi announced on Monday that drilling of the second oil well of Forouzan Oilfield is being completed, therefore Iran…