India's fuel consumption jumped by 5.7% in February compared to the same month of 2023, data from the Ministry of Petroleum and Natural Gas showed on Thursday.
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Chinese state-owned oil and gas giant CNOOC Ltd has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved in-place, the company said in a statement on Friday.
The Iranian ambassador to Islamabad has said that the country’s capable technical and engineering companies are prepared to contribute to the construction of the Iran-Pakistan gas pipeline (IP) as well as the renovation of Pakistan Steel Mills.
Iranian Oil Minister Javad Owji has said the country’s oil and gas industry ranks first among the major gas exporting and producing countries in reducing flare gases.
Iran’s deputy oil minister said the country has succeeded in manufacturing 80 percent of oil parts and equipment domestically despite being under sanctions, Mehr news agency reported.
China's imports of crude oil rose in the first two months of the year compared with the same period in 2023, but they were also weaker than the preceding months, continuing a trend of softening purchases by the world's biggest buyer.
India's fuel consumption rose 5.7% year-on-year in February, government data showed on Thursday, helped by strong factory activity in the world's third-biggest oil importer and consumer.
Iran’s President Seyyed Ebrahim Raeisi on Wednesday praised the Oil Ministry for the successful implementation of projects for capturing associated petroleum gas (APG) over the past two years.
TotalEnergies and QatarEnergy on Wednesday said they had agreed to buy a stake in a licence to seek oil and gas off South Africa as part of their plans to develop the Orange basin area in neighbouring Namibia.
One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.
A member of the Iranian Parliament’s Energy Committee said on Tuesday cooperation between Tehran and Moscow in the energy sector is a crushing response to sanctions.
OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output outside the group.
The Federation of Iranian Energy Export Industries (FIEEI) head said on Saturday new markets can be identified by utilizing the energy capacities of Iran and Russia.
The Iranian and Iraqi oil ministers discussed the integrated development of joint fields, trade of gas and oil products, payment methods, and development of infrastructure on Saturday.
Iran’s Oil Minister Javad Owji and his Venezuelan counterpart Pedro Tellechea met in the Algerian capital Algiers on Saturday and agreed to broaden cooperation in the petroleum industry.
Iran’s Oil Minister Javad Owji and OPEC Secretary General Haitham Al Ghais exchanged views on developments of the global oil market in Algiers, the capital of Algeria, on Saturday.
Venezuela's oil exports slightly increased in February to some 670,000 barrels per day (bpd), but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.
A member of the Iranian Parliament’s Energy Committee said on Saturday promotion of energy diplomacy is key to the development of the oil and gas industry and referred to Russia as the strategic partner of Iran in the energy sector.
Iran’s Research Institute of Petroleum Industry (RIPI) was awarded for doing unique research into flare gas collection and putting the research into practice on the sidelines of the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government in Algiers, the capital of Algeria, on Friday.
Iran’s Oil Minister Javad Owji said on Friday development of the gas industry and materialization of supply and demand security in the world demand establishment of global peace and depoliticization of trade energy.