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.
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Head of the National Iranian Gas Company (NIGC) Majid Chegeni said the cumulative gas supply to the country’s power plants in the first six months of the current Iranian calendar year (March 21-September 22) has increased by 16 percent compared to last year’s same period, registering a new record high.
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.
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.
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.
Ukrainian state-owned oil and gas firm Naftogaz, aiming to cover the country's needs with domestic production, has brought five new gas wells into operation, the company said on Thursday.
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.
If the deal materialises, Aramco will supply crude oil and other feedstocks to Shenghong Petrochemical.
Moscow delivered 100,000 metric tons to Pakistan through Iran's Sarakhs Special Economic Zone.
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.
Turkey's state gas grid operator BOTAS signed a deal to supply up to 1.5 billion cubic metres (bcm) of natural gas to Romania's OMV Petrom as Ankara expands its gas export reach.
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.
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.
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).
The production control manager of Iran’s National Petrochemical Company said NPC has outlined a plan for exporting technical services to Venezuela and Brazil.
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.
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 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.
President Recep Tayyip Erdoğan and his Azerbaijani counterpart Ilham Aliyev attended the groundbreaking ceremony Monday for a new natural gas pipeline that will run from Türkiye’s eastern province of Iğdir to Sederek in Azerbaijan.
Global demand for Canadian crude is bolstered by production and export cuts from Saudi Arabia and Russia.