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Iran among Main Energy Actors in World: NIOC Chief

3 years ago

6 November 2023

2:38 PM

The chief executive of the National Iranian Oil Company (NIOC) said main actors determine the future of the world’s energy, adding that in Iran, as one of the main players, opportunities have been provided for investing $250 billion in the oil industry within the next eight years.

Iran, China sign petchem co-op agreement

3 years ago

6 November 2023

2:34 PM

Iran and China inked an agreement on petrochemical cooperation on Sunday.

Iran offers $250bn oil investment opportunity at China expo

3 years ago

6 November 2023

2:33 PM

RoydadNaft – The National Iranian Oil Company (NIOC) managing director opened up an opportunity for $250 billion investment in the upstream and downstream sectors within…

How The U.S. Is Pumping More Oil With Fewer Rigs

3 years ago

5 November 2023

1:40 PM

RoydadNaft – U.S. crude oil production hit a monthly record in August 2023, with an average output of 13.05 million barrels per day, breaking the…

Will Petrochemicals Continue To Drive Oil Demand?

3 years ago

5 November 2023

1:36 PM

Governments are implementing bans on single-use plastics and encouraging recycling, but broader actions are needed to tackle the overall production and consumption of petrochemicals.

South Africa powers ahead with 3GW of gas projects, minister says

3 years ago

5 November 2023

1:32 PM

RoydadNaft – South Africa is accelerating plans for 3 gigawatts (GW) of gas-fired power generation to help to plug an energy deficit that is hurting…

Iran’s IGEDC setting new record by operating 10 gas compressor stations simultaneously

3 years ago

5 November 2023

1:26 PM

RoydadNaft – The Iranian Gas Engineering and Development Company (IGEDC) is setting a new record in the country’s industry by operating 10 gas compressor stations…

Iran ready to export oil, gas, petrochemical services, says Mokhber in CIIE address

3 years ago

5 November 2023

1:23 PM

Iran is ready to export technical and engineering services in the oil, gas, and petrochemical sectors, said First Vice President Mohammad Mokhber in the Chinese city of Shanghai on Sunday.

US House easily passes bill to harden sanctions on Iranian oil

3 years ago

4 November 2023

12:42 PM

The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote.

Canada’s Enbridge beats profit targets, eyes tuck-in acquisitions

3 years ago

4 November 2023

12:39 PM

RoydadNaft – Canada energy infrastructure company Enbridge Inc on Friday reported third-quarter profit that topped analysts’ estimates and said it sees further opportunities for…

Iran’s petchem production capacity to hit 130 mt/y by end of 7th Development Plan: NPC head

3 years ago

4 November 2023

12:26 PM

RoydadNaft – Iran’s petrochemical production capacity will soar to some 130 million tons per year (mt/y) by the end of the 7th Five-Year National Development…

India lowers Russian oil imports over high prices in October, buys more from Saudi

3 years ago

3 November 2023

12:52 PM

RoydadNaft – India’s Russian oil imports eased in October after discount prices narrowed, although supply from Saudi Arabia rose, according to preliminary data from ship…

Russia sees oil and fuel exports down by more than 300,000 bpd in November

3 years ago

3 November 2023

12:45 PM

RoydadNaft – Russia’s energy ministry said on Friday it expects the country’s exports of crude oil and petroleum products to fall in November by more…

Oil heads for weekly loss as geopolitical risk premium wanes

3 years ago

3 November 2023

12:32 PM

Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook from the world's top crude importer China remained uncertain.

Should we rely on gas?

3 years ago

3 November 2023

12:21 PM

Julie Joly, Director of oil and gas programmes, Global Energy Monitor, USA, explains how the transition fuel myth drives the gas glut in Asia and beyond.

German regulator: gas supply much better than in 2022

3 years ago

2 November 2023

12:26 PM

Germany's gas supply is much better than it was a year ago, the country's energy regulator said on Thursday, still refraining from giving the all-clear as there is limited visibility on how harsh winter temperatures are going to be.

India may buy Venezuelan oil if it’s cheap, minister says

3 years ago

2 November 2023

12:25 PM

Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, India's oil minister said on Wednesday, days after the U.S. temporarily lifted sanctions on OPEC member Venezuela's oil sector.

Oil rises 1% after Fed keeps rates unchanged

3 years ago

2 November 2023

12:12 PM

Oil gained 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold.

With Iran’s Oil Trade Booming, Republican Senator Pushes Effort to Seize Tankers

3 years ago

2 November 2023

12:06 PM

Iran oil proceeds topped $80 billion under lax sanctions enforcement.

Varcoe: More consolidation, high prices forecast to carry ‘healthy’ Canadian oilpatch into 2024

3 years ago

1 November 2023

2:18 PM

With petroleum producers remaining disciplined and spending well below their cash flow levels, the Canadian sector should be in a healthy spot in 2024.