Abu Dhabi National Oil Company (ADNOC) has bought Galp's 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international foray into gas.
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Brent crude futures were down 64 cents, or 0.8%, at $82.24 a barrel, while U.S. West Texas Intermediate crude (WTI) dropped 65 cents, or 0.8%, to $78.01 by 1010 GMT. Both benchmarks shed more than 1% earlier in the session.
During a talk show on IRIB channel 1 on Tuesday evening, Iranian Minister of Petroleum, Javad Owji, explained how the late president, Ayatollah Ibrahim Raisi, was serious about developing oil industry projects.
India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.
Brent crude futures fell by $1.08, or 1.3%, to $82.63 a barrel by 1037 GMT. U.S. West Texas Intermediate crude (WTI) futures for June , which are set to expire on Tuesday, slipped by $1.07 cents, or 1.3%, to $78.73.
The National Iranian Oil Refining and Distribution Company (NIORDC) has launched a monitoring center to oversee all the processes pertaining to production, transfer and distribution of oil products.
General Secretary of the Gas Exporting Countries Forum (GECF), Mohamad Hamel, sent a message to the Iranian Minister of Petroleum, Javad Owji, expressing heartfelt condolences on the sad incident.
Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), HE Haitham Al Ghais, issued a statement offering his condolences on the demise of the Iranian president, Ayatollah Ibrahim Raisi, who lost his life on Sunday in a chopper crash.
IndianOil exported its first 100 octane premium fuel, XP100, from JNPT in Navi Mumbai, marking a significant move to conquer new Sri Lankan markets.
Brent gained 41 cents, or 0.5%, to $84.39 a barrel by 0632 GMT, after rising to $84.43 earlier, its highest since May 10.U.S. West Texas Intermediate (WTI) crude for June edged up 23 cents to $80.29.
Head of the National Iranian Gas Company Dispatching Department Saeed Aghili has said gas supply to the country’s power plants increased by 11 percent in the previous Iranian calendar year compared to the year before.
The head of the National Petrochemical Company (NPC) Morteza Shahmirzaei says that over 97 petrochemical facilities are operating across Iran.
Following the martyrdom of the Islamic Republic of Iran’s president and his companions on Sunday, May 19, Minister of Petroleum, Javad Owji, issued a statement, offering his condolences on the sad occasion.
Since the 13th administration took office in August 2021, approximately 25 million cubic meters of associated gases have been collected, and the figure will reach 40 million cubic meters per day at the end of the current Iranian calendar year 1403.
Iran’s oil production rose by 50 thousand barrels a day reaching 3.3 million barrels per day in April, the International Energy Agency (IEA) announced in its latest monthly report.
The Petroleum Ministry has spent 5 billion dollars so far to stop burning associated gases, a move that I would like to appreciate, hoping the initiative to be continued especially in the West Karoon region.
The NIGC’s director for energy and carbon, Sajed Kashefi, says that trading of the natural gas saving certificates will be started in Iran’s Energy Exchange (IRENEX) in near future.
Brent settled 71 cents higher, or 0.9%, at $83.98 a barrel. U.S. West Texas Intermediate crude (WTI) gained 83 cents, or 1.1%, to $80.06.
By relying on domestic capabilities, the National Iranian South Oil Company (NISOC) has succeeded in boosting oil production by 60 percent over the last two years.
Indian Oil Corp Ltd (IOCL), India's largest oil marketing company, has successfully completed a Rs 148 crore acquisition of oil and gas company Mercator Petroleum through the insolvency and bankruptcy code (IBC)