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Indian Oil Corporation Tenders for 10-KTA Green Hydrogen Unit at Panipat Refinery

2 years ago

5 April 2024

12:51 PM

The Indian Oil Corporation (IOC) has issued a tender for a 10-KTA Green Hydrogen Generation Unit (GHGU) at its Panipat Refinery Petrochemical Complex on a build-own-operate (BOO) basis.The initial delivery of hydrogen gas is anticipated within 30 months from the date of award.

Canadian crude prices to rise in 2024

2 years ago

4 April 2024

1:48 PM

Deloitte Canada anticipates an increase in Canadian crude prices in 2024, attributing the expected rise to the commencement of the Trans Mountain Expansion (TMX) pipeline project later this year.

Chinese company to develop Iraq-Iran border oilfield

2 years ago

4 April 2024

1:17 PM

The Khanaqin administration announced on Tuesday the imminent beginning of exploration and development of oil and gas production service in the Khanah Oil Field, on the border with Iran, by a large Chinese company to enhance oil and gas production and reserves.

Oil extends gains as geopolitical supply risks intensify

2 years ago

3 April 2024

8:22 AM

Brent crude futures for June rose 17 cents, or 0.19%, to $89.09 per barrel at 0650 GMT, while U.S. West Texas Intermediate crude futures for May climbed 7 cents, or 0.08%, to $85.22 a barrel.

Iran-Turkey trade reaches $930m in 2 months

2 years ago

3 April 2024

8:17 AM

The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a one percent increase compared to the same month last year.

Iran’s annual oil exports hit nearly $36b: IRICA chief

2 years ago

3 April 2024

8:11 AM

Oil exports in the previous Iranian calendar year, which ended on March 19, fetched the country $35.87 billion, said the Islamic Republic of Iran Customs Administration (IRICA) head on Tuesday.

Haldia Petchem plans $10 bln oil-to-chemical project in south India

2 years ago

2 April 2024

10:27 AM

The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL's chief executive said.

Indigenous investment in Canadian energy projects

2 years ago

2 April 2024

10:20 AM

Canada's First Nations are buying stakes in Canadian energy projects at an accelerating pace as they seek economic benefits from projects on their land and companies look to raise capital.

Canada ‘not interested’ in investing in LNG facilities, energy minister says

2 years ago

1 April 2024

12:26 PM

Canada is not interested in subsidizing future liquefied natural gas (LNG) projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday.

Saudi Arabia may hike May crude oil prices to Asia

2 years ago

1 April 2024

12:23 PM

Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May after Middle East benchmarks strengthened last month, industry sources said.

Pakistan cannot solve its energy crisis without Iranian gas

2 years ago

1 April 2024

12:09 PM

Dr Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, said on Sunday that Pakistan has not found a solution to its energy crisis during the last few decades and cannot resolve the energy problem without importing gas from Iran.

QatarEnergy to charter 19 new LNG vessels expanding fleet further

2 years ago

31 March 2024

12:25 PM

QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.

Indian Oil, Panasonic Energy enter pact to make lithium cells

2 years ago

31 March 2024

12:03 PM

India's top refiner Indian Oil Corp entered a pact with Panasonic Energy to form a joint venture to manufacture lithium-ion cells in India, the refiner said in a statement on Sunday, to prepare for rising local demand.

Iran to utilize first phase of Chabahar space launch base

2 years ago

30 March 2024

9:28 AM

Head of Iran’s Space Agency Hassan Salariyeh announced the operation of the first phase of the Chabahar space launch base in the new year.

Biden administration announces new oil, gas lease sales, royalty hike

2 years ago

30 March 2024

9:23 AM

The U.S. Interior Department on Friday announced new oil and gas lease sales on public lands as well as an increase in royalty rates, a pair of moves likely to be unpopular among both environmental groups and the fossil fuel industry.

India’s reliance on imported natural gas rises to 46% during April-February period

2 years ago

29 March 2024

12:25 PM

India’s natural gas consumption, and consequently imports, had been on a growth trajectory till FY20, with the government’s push to increase the share of the fuel in the country’s primary energy mix to 15 per cent by 2030 from a little over 6 per cent.

Novak: Russia will cut oil output in Q2 to catch up with other OPEC+ countries

2 years ago

29 March 2024

12:20 PM

Russia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Deputy Prime Minister Alexander Novak said on Friday.

Iran, Russia discuss banking, financial cooperation

2 years ago

29 March 2024

12:17 PM

Iranian Ambassador to Russia Kazem Jalali met and held talks with Elvira Sakhipzadovna Nabiullina current head of the Central Bank of Russia.

More Canadian Oil Heads to California Ahead of Trans Mountain Pipeline Launch

2 years ago

28 March 2024

12:45 PM

Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline that is expected to boost export volumes further.

Canada is still backing the fossil fuel industry with billions, report finds

2 years ago

28 March 2024

12:42 PM

A new report says the federal government of Canada is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of subsidies for the oil and gas industry.

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Latest News of Oil, Gas and Petrochemical industry

TOP NEWS Feed Atom

Indian Oil Corporation Tenders for 10-KTA Green Hydrogen Unit at Panipat Refinery

Canadian crude prices to rise in 2024

Chinese company to develop Iraq-Iran border oilfield

Oil extends gains as geopolitical supply risks intensify

Iran-Turkey trade reaches $930m in 2 months

Iran’s annual oil exports hit nearly $36b: IRICA chief

Haldia Petchem plans $10 bln oil-to-chemical project in south India

Indigenous investment in Canadian energy projects

Canada ‘not interested’ in investing in LNG facilities, energy minister says

Saudi Arabia may hike May crude oil prices to Asia

Pakistan cannot solve its energy crisis without Iranian gas

QatarEnergy to charter 19 new LNG vessels expanding fleet further

Indian Oil, Panasonic Energy enter pact to make lithium cells

Iran to utilize first phase of Chabahar space launch base

Biden administration announces new oil, gas lease sales, royalty hike

India’s reliance on imported natural gas rises to 46% during April-February period

Novak: Russia will cut oil output in Q2 to catch up with other OPEC+ countries

Iran, Russia discuss banking, financial cooperation

More Canadian Oil Heads to California Ahead of Trans Mountain Pipeline Launch

Canada is still backing the fossil fuel industry with billions, report finds