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Leader: Upstream oil, gas industry provides plenty of opportunity for private sector participation

2 years ago

31 January 2024

5:02 AM

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Tuesday the upstream sectors of industries such as oil, gas, and steel, and professions like handicrafts provide plenty of opportunity for the participation of the private sector.

Knowledge-based companies, NIGC sign €500m contract: VP

2 years ago

31 January 2024

4:56 AM

Iran’s Vice President for Science, Technology and Knowledge-Based Economy Rouhollah Dehqani Firouzabadi on Monday said a 500-million-euro contract has been signed with the National Iranian Gas Company (NIGC).

Canada’s Trans Mountain oil pipeline faces new delay due to technical issues

2 years ago

30 January 2024

11:19 AM

Canada's Trans Mountain said on Monday that it had run into technical issues and faces new delays as it tries to complete the final part of expanding its oil export pipeline.

India’s Adani Total Gas posts Q3 profit rise on higher CNG sales

2 years ago

30 January 2024

11:16 AM

India's Adani Total Gas reported a nearly 18% rise in its third-quarter profit on Tuesday, boosted by strong sales of its compressed natural gas (CNG).

Over 3,600 gas projects to be inaugurated during “Ten-Day Dawn”

2 years ago

30 January 2024

10:55 AM

The managing director of National Iranian Gas Company (NIGC) has said 3,605 gas supply and network development projects are going to go operational during the Ten-Day Dawn (Feb. 1-11 which marks the 45th anniversary of the Islamic Revolution), Shana reported.

Oil prices rise as Middle East concerns fuel supply fears

2 years ago

30 January 2024

4:38 AM

Brent crude futures rose 17 cents, or 0.21%, to $82.57 a barrel by 0401 GMT. U.S. West Texas Intermediate crude was up 17 cents, or 0.22%, at $76.95 a barrel.

Owji gives Leader report on oil industry’s achievements

2 years ago

30 January 2024

4:32 AM

Iran’s Oil Minister Javad Owji gave Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei a report on the oil industry’s main achievements under the 13th administration on Monday.

Russian oil facilities hit by drone attacks, fires

2 years ago

29 January 2024

12:33 PM

Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.

SP refineries supplying over 570 mcm/d of gas to national network: SPGC

2 years ago

29 January 2024

11:39 AM

The managing director of South Pars Gas Company (SPGC) has said the refineries of the complex are currently supplying 570 million cubic meters per day (mcm/d) of sweet gas to the national network, Shana reported.

Contracts for eight projects in joint oil, gas fields to be signed during revolution anniversary festivities: Owji

2 years ago

29 January 2024

11:26 AM

Iran’s oil minister said contracts for implementing eight projects worth $14 billion in joint oil and gas fields will be signed during the Ten-Day Dawn (February 1-11) festivities marking the 45th anniversary of the victory of the Islamic Revolution.

Oil climbs as tensions escalate in Middle East

2 years ago

29 January 2024

4:30 AM

Brent crude futures rose 29 cents, or 0.4%, to $83.84 a barrel by 0230 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate crude gained 34 cents, or 0.4%, to $78.35 a barrel after reaching an intraday high of $79.29 earlier in the session.

Iran’s oil, gas industry productivity growth hits 16.3% under 13th administration

2 years ago

29 January 2024

4:25 AM

Iran’s oil and gas industry has witnessed a 16.3 percent productivity growth under the 13th administration during the 6th National Development Plan (ending March 19, 2024).

Russia’s planned gas pipeline to China faces construction delay – FT

2 years ago

28 January 2024

12:34 PM

Mongolian Prime Minister L. Oyun-Erdene said construction of Russia's planned new Power of Siberia-2 gas pipeline to China, which was expected to start this year, may be delayed, the Financial Times reported on Sunday.

Gas supply to power plants rises 14% in 10 months yr/yr

2 years ago

28 January 2024

12:28 PM

The National Iranian Gas Company (NIGC) has supplied 28 million cubic meters per day (mcm/d) of gas on average to the country’s power plants on a daily basis in the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024), 14 percent more than the average for the previous year.

Over 850 mcm gas injection into national grid sets new daily record, says minister

2 years ago

28 January 2024

12:17 PM

Iran’s Oil Minister Javad Owji said record 851 million cubic meters (mcm) of gas were injected into the national network on Saturday.

India’s Natural Gas Demand to Grow 6% in 2024, Driven by Industrial and Power Sectors

2 years ago

27 January 2024

11:07 AM

India is poised to experience a 6 percent growth in natural gas demand in 2024, as projected by the International Energy Agency (IEA).

White House hits pause on U.S. LNG approvals, rattling Canadian energy producers

2 years ago

27 January 2024

11:04 AM

Canada’s energy industry is reacting with dismay to United States President Joe Biden’s move to pause approvals of new liquefied natural gas export terminals in that country.

Russia’s Gazprom Neft sees slight surplus on global oil market

2 years ago

27 January 2024

10:58 AM

Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Saturday that there was a slight surplus on the global oil market.

Oil settles at highest in nearly 8 weeks on strong economic growth

2 years ago

27 January 2024

10:46 AM

Brent crude futures rose $1.12, or 1.4%, to settle at $83.55 a barrel, their highest close since Nov 30. U.S. West Texas Intermediate crude (WTI) climbed 65 cents or 0.8% to $78.01, also the highest close since November.

NIOC eyes 1.5 bcm/d gas production capacity with over $70b investment: CEO

2 years ago

27 January 2024

10:26 AM

The National Iranian Oil Company managing director said on Friday NIOC plans to invest more than $70 billion in the coming years to increase the country’s gas production capacity to 1.5 billion cubic meters per day (bcm/d).

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Latest News of Oil, Gas and Petrochemical industry

NEWS Feed Atom

Leader: Upstream oil, gas industry provides plenty of opportunity for private sector participation

Knowledge-based companies, NIGC sign €500m contract: VP

Canada’s Trans Mountain oil pipeline faces new delay due to technical issues

India’s Adani Total Gas posts Q3 profit rise on higher CNG sales

Over 3,600 gas projects to be inaugurated during “Ten-Day Dawn”

Oil prices rise as Middle East concerns fuel supply fears

Owji gives Leader report on oil industry’s achievements

Russian oil facilities hit by drone attacks, fires

SP refineries supplying over 570 mcm/d of gas to national network: SPGC

Contracts for eight projects in joint oil, gas fields to be signed during revolution anniversary festivities: Owji

Oil climbs as tensions escalate in Middle East

Iran’s oil, gas industry productivity growth hits 16.3% under 13th administration

Russia’s planned gas pipeline to China faces construction delay – FT

Gas supply to power plants rises 14% in 10 months yr/yr

Over 850 mcm gas injection into national grid sets new daily record, says minister

India’s Natural Gas Demand to Grow 6% in 2024, Driven by Industrial and Power Sectors

White House hits pause on U.S. LNG approvals, rattling Canadian energy producers

Russia’s Gazprom Neft sees slight surplus on global oil market

Oil settles at highest in nearly 8 weeks on strong economic growth

NIOC eyes 1.5 bcm/d gas production capacity with over $70b investment: CEO