Shahram Ahmadi, director general for health, safety and environment at Iran’s Oil Ministry, said process safety management is the industry’s top strategy to secure production stability and cut losses, with nearly 90 percent of oil companies already implementing the system.
NEWS Feed Atom
The head of the CNG project at the National Iranian Oil Products Distribution Company said the country has saved $75 billion in gasoline consumption since the start of its CNG industry.
Brent crude futures fell 22 cents, or 0.3 percent, to $64.67 a barrel. U.S. West Texas Intermediate crude futures fell 17 cents, or 0.3 percent, to $60.57 a barrel.
The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with a wind-down period for US sanctions set to end this Friday.
The roll-up operation for the four-legged jacket of the Farzad B shared gas field platform was successfully carried out at the Khorramshahr industrial yard.
Brent crude futures fell 46 cents, or 0.72 percent, to $63.74 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 45 cents, or 0.75 percent, to $59.46 a barrel.
Indian state-owned oil refining companies Indian Oil, Bharat Petroleum, and Hindustan Petroleum have signed their first long-term deal to import 2.2 million tons of U.S. liquefied petroleum gas (LPG) in 2026, as reported by Bloomberg.
Iranian Oil Minister Mohsen Paknejad said the country’s oil and gas sector recorded an eye-catching growth in the last Persian calendar year (ended on March 20).
The fresh water production capacity at South Pars Gas Complex’s Refinery 10 has increased to 200 cubic meters per hour following specialized maintenance and innovative operational measures.
Brent crude futures fell 58 cents, or 0.9 percent, to $63.81 a barrel. U.S. West Texas Intermediate (WTI) crude fell 59 cents, or 1 percent, to $59.50.
The first mobile TSP-type multiphase pump station at Well 21 in the Ahvaz field boosted output from 800 to 1,200 barrels per day and will eliminate the annual flaring of 1 million cubic meters of associated gas, according to NISOC.
KazMunayGas and Uzbekneftegaz signed a framework agreement on the implementation of a linear alkylbenzene production project, Kazinform News Agency reports citing the KMG press service.
Iran's Islamic Revolution Guards Corps (IRGC) Navy has seized an oil tanker off the southern coast of Makran under a judicial order over violations by the vessel.
Mohammadreza Joulaei, production coordination and oversight director at the National Iranian Gas Company, announced that the country’s gas network remains stable despite household and commercial consumption nearly doubling due to colder weather, with all refineries fully operational after scheduled maintenance.
The Trump administration has allowed potential buyers to negotiate with Russia’s Lukoil over its foreign assets and approved business dealings with its Burgas refinery following Bulgaria’s move to seize the facility.
Saudi Aramco will sign LNG supply deals with Woodside Energy and Commonwealth LNG during Crown Prince Mohammed bin Salman’s upcoming visit to Washington.
Brent crude rose 79 cents, or 1.25 percent, to $63.80 a barrel, while U.S. West Texas Intermediate crude rose 82 cents, or 1.38 percent, to $59.50 a barrel.
The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output and demand growth slows, the International Energy Agency said on Thursday.
The head of oil and gas production supervision at the National Iranian Oil Company (NIOC) described Health, Safety and Environment (HSE) as the backbone of the company’s value chain, emphasizing the importance of HSE participation from the design phase through operations to minimize potential risks.
Brent crude futures were unchanged at $62.71 a barrel, while U.S. West Texas Intermediate crude fell 3 cents, or 0.1 percent, to $58.46 a barrel.
