GAIL, India's largest gas distributor, has launched a swap tender for six U.S.-loaded LNG cargoes for 2026 in exchange for six delivered shipments to India.
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The South Azadegan oil field drilling project, completed through collaboration with NIDC and PEDEC, has been handed over to the employer for operation.
Brent crude futures rose 20 cents, or 0.29 percent, to $68.64 a barrel, while U.S. West Texas Intermediate crude rose 15 cents, or 0.23 percent, to $65.31 a barrel.
Ukraine’s state-owned oil and gas major Naftogaz has signed its first deal with Azerbaijan’s SOCAR to import natural gas via the Transbalkan route, it said on Monday.
The CEO of Pars Oil and Gas Company announced the commissioning of the third well ring in the infill drilling project at the South Pars gas field, stating that daily gas extraction capacity has increased by 1.6 million cubic meters.
The overhaul of Phase 10 of the South Pars Gas Refinery has been successfully completed, marking a major step toward improving operational efficiency and process stability, according to the plant’s director.
Iran’s oil minister emphasized the continuation of the country’s oil exports, stating that the Ministry of Petroleum has necessary plans in place to address sanctions and the potential activation of the "snapback" mechanism.
Central European Petroleum, a Canadian company, has discovered 200 million barrels of recoverable oil and gas at the Wolin East well in Poland, marking the largest petroleum discovery in Northern Europe in over a decade.
Qatar, a major global LNG supplier, has criticized the European Union's corporate sustainability due diligence directive, threatening to redirect its gas exports away from the bloc if the law is not further revised, arguing it undermines its national policies.
Iran exported petrochemical products valued at $4.684 billion during the first quarter of the current Iranian calendar year (March 21-June 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
BW LPG India secured a $215 million loan to refinance debt and acquire two modern VLGCs, aiming to renew its fleet amid rising demand for cooking gas.
Iran's deputy oil minister emphasizes balanced development, value chain completion, and crisis preparedness in Asaluyeh's petrochemical sector, the country's main energy hub on the Persian Gulf coast.
The National Iranian Gas Company (NIGC) has launched its first smart gas network project in Khorasan Razavi Province, deploying 22 sensors across 114 critical locations for real-time monitoring and intelligent infrastructure management.
Iran has officially launched a nationwide project to replace millions of outdated gas heaters with high-efficiency models, aiming to optimize natural gas consumption and redirect saved resources toward industrial use, officials said.
Brent crude futures rose 20 cents, or 0.29 percent, to $69.38 a barrel, the highest in a week. U.S. West Texas Intermediate crude futures rose 20 cents, or 0.30 percent, to $66.23.
India’s natural gas consumption is expected to reach 103 billion cubic meters (bcm) per year by 2030, up nearly 60% from current levels, a top official said on Thursday.
The South Pars Gas Complex's Fifth Refinery is undergoing a major overhaul for 2025, utilizing domestic engineering expertise and locally manufactured equipment.
Brent crude futures rose 54 cents, or 0.8 percent, to $69.05 a barrel. U.S. West Texas Intermediate crude futures rose 58 cents, or 0.9 percent, to $65.83 a barrel.
TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major's worst performance in four years but in line with expectations, as lower oil and gas prices outweighed a rise in production and power sales.
Isfahan Oil Refining Company has launched the pilot operation of the first phase of a major seawater transfer project, aiming to supply around 700,000 cubic meters of water each month to the refinery, its head announced.