Bassirabad gas pressure reduction station in Iran’s northeastern province of Golestan was officially launched in the presence of Oil Minister Javad Owji on Thursday.
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Almost five million barrels of Russia's Sokol grade crude has failed to reach Indian refiners over the past four weeks, Bloomberg News reported on Wednesday.
Canada on Wednesday signed its first deal to backstop future carbon prices, a step that would help bring price certainty to firms looking to invest in carbon capture and storage projects that are key to cutting emissions.
Iran will become one of the most important trade partners of the Eurasian Economic Union (EAEU), says the union’s minister in charge of trade.
ONGC jumped 5.79 per cent to hit a 52-week high price of Rs 212. The surge was even higher for Oil India as the stock zoomed 19.15 per cent to hit its one-year peak price of Rs 406.
China's oil production growth, driven by investment, is expected to slow down in 2024 as mature fields decline, necessitating state oil companies to explore more challenging shale and ultra-deep reserves.
The managing director of the National Iranian Oil Products Distribution Company (NIOPDC) on Tuesday said 60 percent of the country’s gas stations have been so far connected to the smart fuel system one day after disruption.
ONGC, India’s largest state-owned oil & gas company, is planning to spend 800bn-850bn rupees ($9.6bn-10.2bn) on developing two million tonnes of green ammonia annual production capacity by 2035.
Some Canadian oil and gas producers say they will not rush to accelerate emissions cuts until they see if unpopular Prime Minister Justin Trudeau survives long enough to implement his proposed oil and gas emissions cap.
Head of Iran’s National Petrochemical Company (NPC) Morteza Shahmirzaei has said the company has put it on the agenda to build extraterritorial petrochemical complexes, especially in neighboring countries.
The 2nd Exhibition and Conference of Technology Management and Increasing Knowledge-based Production in Value Chain of Petroleum Industry dubbed “Petro Tech” opened in Tehran on Tuesday.
Iran generated $3.7 billion in crude oil and gas condensate sales in the first seven months of 2023, according to the Iranian Parliament Research Center.
Iran’s Oil Minister Javad Owji visited some gas stations in Tehran after a software problem disrupted services on Monday.
Iran’s Oil Minister Javad Owji on Monday said 1,625 gas stations have been fixed manually and are supplying fuel offline after a disruption.
The South Pars Gas Complex has saved over 20 million euros by advancing projects for the first-time production of gas industry equipment and items within the country.
Iranian Ministry of Petroleum plans to gather 2 billion cubic feet of flare gas under five long-term plans, increasing flare gas gathering from 2.3 mcm/d to 18 mcm/d by March.
India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday.
A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion to expand its overseas business, it said on Saturday.
India's merchandise trade deficit narrowed sharply to $20.58 billion in November from the previous month's record levels as imports of gold, petroleum and electronic goods moderated, government data showed on Friday.
Iran produced 3.128 million barrels per day (bpd) of crude oil in November, registering a 7,000 bpd increase compared to the previous month, according to OPEC’s latest monthly report.