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Oil companies can only decarbonize as fast as the rest of the economy: Shell Canada

3 years ago

16 September 2023

12:55 PM

The fossil fuel industry is increasingly under the microscope for its contribution to climate change, but the president of British oil giant Shell's Canadian subsidiary says oil and gas companies can't be held solely responsible for the pace of the global energy transition.

California sues oil giants for downplaying risks posed by fossil fuels – NYT

3 years ago

16 September 2023

12:50 PM

The state of California has sued major oil companies including Exxon Mobil Corp, Shell PLC, and Chevron Corp, accusing them of playing down the risks posed by fossil fuels, the New York Times reported on Friday.

IranPlast among biggest polymer expositions in Mideast: NPC

3 years ago

16 September 2023

12:38 PM

Iran’s International Exhibition of Plastics, Rubber, Machinery and Equipment is one of the biggest polymer expositions in the Middle East, said the National Petrochemical Company investment manager on Friday.

Canada to host the World Petroleum Congress

3 years ago

15 September 2023

2:43 PM

The City of Calgary is excited to welcome the 24th World Petroleum Congress to Calgary Sept. 17 – 21, 2023. The event will be an important bridge between the traditional energy sector and a more carbon-neutral industry over the next twenty-five years.

Oil set for another weekly gain on tight supply and China optimism

3 years ago

15 September 2023

2:22 PM

Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts combines with optimism that the Chinese economy is finally turning a corner.

OPEC marks its 63rd anniversary

3 years ago

15 September 2023

2:02 PM

The Organization of the Petroleum Exporting Countries (OPEC) today turned 63.

OPEC report: Iran regains position as third-largest oil producer with 3m bpd output

3 years ago

15 September 2023

2:01 PM

The Monthly Oil Market Report (MOMR) of the Organization of the Petroleum Exporting Countries (OPEC) showed that Iran has regained its position as the third-largest crude oil producer in August.

China’s ‘teapot’ refiners mop up swelling Iranian crude, defying U.S. curbs

3 years ago

14 September 2023

2:04 PM

Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices , while Tehran is stepping up output and exports despite U.S. sanctions.

India issues tender for gas-fired power to address unusually high power demand

3 years ago

14 September 2023

2:00 PM

India is seeking bids to supply gas-fired power to address expected periods of unusually high electricity consumption in October and November, a tender issued on Thursday showed.

Gazprom delivers its first LNG cargo to China via Arctic

3 years ago

14 September 2023

1:55 PM

Russian energy giant Gazprom delivered its first cargo of liquefied natural gas (LNG) via the Arctic Northern Sea Route to China on Thursday, according to LSEG data, a month after it started the delivery.

Disagreements delay Russian gas hub plans in Turkey

3 years ago

14 September 2023

1:52 PM

Russia's push to create a "gas hub" in Turkey to replace lost sales to Europe is facing delays because of disagreements over who should be in charge of it, two sources familiar with the project told Reuters.

Oil hits 2023 highs on tight supply outlook

3 years ago

14 September 2023

1:48 PM

Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as expectations of a tighter supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories.

Iran’s Oil Prices Surge by $6 Per Barrel in August: OPEC

3 years ago

14 September 2023

1:43 PM

The latest figures by the Organization of Petroleum Exporting Countries (OPEC) indicate that Iranian oil prices increased by an average of $6.1 per barrel in August.

Iran Clinches Good Gas Export Agreements with Iraq: Oil Minister

3 years ago

14 September 2023

1:40 PM

Iran’s oil minister said his ministry has inked good agreements with neighboring Iraq in the field of exporting gas, collecting associated (flare) gas and also exporting technical-engineering services in the oil sector.

Kuwait Oil’s first offshore drilling expected to end in 2026

3 years ago

13 September 2023

12:01 PM

Kuwait Oil Company's first offshore exploratory and drilling operations for oil and gas are expected to end in 2026, the state-owned firm's chief geologist said.

OPEC+ cuts to tighten oil market sharply in fourth quarter, IEA says

3 years ago

13 September 2023

11:57 AM

RoydadNaft – Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through the fourth…

Oil prices extend multi-month highs on supply concerns

3 years ago

13 September 2023

11:53 AM

RoydadNaft – Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight for the rest of the year.

Owji: APG of 21 East Karoun fields to be collected by mid-March 2024

3 years ago

13 September 2023

10:44 AM

RoydadNaft – Iran’s Oil Minister Javad Owji on Wednesday said associated petroleum gas (APG) of 21 flares of East Karoun fields in southwestern province of Khuzestan…

Canada’s Trans Mountain pipeline may face 9-month delay over route dispute

3 years ago

12 September 2023

2:06 PM

Roydad Naft – The Trans Mountain oil pipeline expansion could be delayed by up to nine months if regulators do not approve a route deviation request, the…

‘Say bye to diesel’: India warns automakers of higher taxes in pollution fight

3 years ago

12 September 2023

2:02 PM

Roydad Naft – India’s road transport minister on Tuesday said he will propose an additional 10% tax on diesel vehicles and warned automakers of even higher levies…