Shahsavar Arghash, head of the Kish division of IOOC, tells "Iran Petroleum" that IOOC is for the first time repairing a drilling rig. He expressed hope that Alvand Rig would be ready in two years to allow for an output hike from the Siri oil field.
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Canada's reaction to the global agreement to transition from fossil fuels is mixed, with environmentalists concerned about potential climate change loopholes and some industry players embracing carbon capture technologies.
India's Russian oil imports in November rose to a 4-month high of 1.6 million barrels per day (bpd), up 3.1% from October, making up about 36% of the nation's overall imports last month, data obtained from trade sources showed.
Officials from Iran and China stressed the need to expand bilateral cooperation in the field of standards.
Canada, a major oil producer, is at the crossroads of its commitment to climate action and its role as a major oil producer at COP28, with the draft agreement softening the language on phasing out fossil fuels.
Kuwait reaffirmed its rejection for the inclusion of any call for phasing out fossil fuels consumption and production in the COP28 draft final climate deal, Oil Minister Saad Al Barrak said in statements to Kuwait News Agency (KUNA) on Monday.
Several energy stakeholders have voiced their disagreement with Canada’s proposed greenhouse gas emissions cap, with some calling it effectively a limit on oil and gas production for the nation.
The average price of Russian oil delivered to top buyer India in October rose to $84.20 per barrel, way above the $60 price cap set by the Group of Seven nations in December last year, preliminary Indian government data showed.
Iran plans to establish a joint venture with Chinese tech firms to use AI to digitalize oil and gas production and implement significant reforms.
India, the world’s third-largest crude oil importer, expects to raise its refining capacity by around 1.12 million barrels per day (bpd) each year until 2028, according to India’s junior oil minister Rameswar Teli.
OPEC's top Arab energy ministers arrived in Doha on Monday for the 12th Arab Energy Conference as countries clash at the UN's COP28 climate summit over a possible agreement to phase-out fossil fuels.
The governor of the Central Bank of Iran (CBI) traveled to Oman on Sunday, aiming to develop monetary and banking cooperation between the two countries.
South Zagros Oil and Gas Production Company (SZOGPC), affiliated with Iranian Central Oil Fields Company (ICOFC), is centered on enhancing production from the Aghar and Dey gas fields by 7 mcm/d.
Refinery reservoirs located in eastern Iran's Birjand special economic zone have caught fire on Sunday, according to Iran's state media.
Russian Deputy Prime Minister Alexander Novak said on Friday that OPEC+ group of leading oil producers will be ready to make a decision if market situation would require it.
The 9th meeting of the Iran-Qatar Joint Economic Committee started in Tehran on Saturday aimed at expanding economic cooperation and bolstering the constructive interaction between the two countries’ private sectors.
Canada plans to introduce a cap-and-trade system to encourage oil and gas companies to reduce emissions by 38% by 2030, despite opposition from industry groups and some fossil fuel-producing provinces.
Nigeria's Dangote oil refinery is set to receive its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co. on Friday.
Easing global oil prices would help India boost imports from Russia, a senior government official said on Friday, as a lower than $60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships.
India's oil and gas exploration projects are delayed due to a global shortage of drilling rigs, despite increasing dependence on oil imports and increasing market volatility.