The Australian government said on Monday it had reached new gas supply deals for its east coast energy market, easing some concerns over long-term supply gaps as the country moves rapidly away from its dependence on coal-fired power stations.
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India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, the finance ministry said on Saturday.
A fire broke out at a Baltic Sea terminal belonging to Novatek, Russia's largest liquefied natural gas producer, after a suspected Ukrainian drone attack, forcing the company to suspend some operations there.
Russia leapfrogged Saudi Arabia to become China's top crude oil supplier in 2023, data showed on Saturday, as the world's biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing plants.
The Canadian Petrochemical Summit, hosted by Alberta’s Industrial Heartland Association (AIHA), the premier gathering of industry leaders, innovators, and stakeholders, is set to convene on June 11-13, 2024 at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta.
Eni's sustainable mobility unit Enilive has signed joint venture agreement with LG Chem to develop a biorefinery in South Korea.
Qatar Energy may sign a long-term deal with Indian buyers for cheaper and more flexible LNG, as India aims to increase fuel usage.
The International Energy Agency (IEA) on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC's expectations.
India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a government notification on Monday.
Canada's abnormally dry winter is worsening drought conditions across the western provinces, where most of the country's oil, gas, forest products and grain are produced.
The National Iranian South Oil Company (NISOC) on Monday expressed its readiness to participate in various projects of Iraq.
The OPEC+ group of oil producers is working to limit the challenges affecting the stability of the global oil market, Iraq's Oil Minister Hayan Abdel-Ghani.
The National Iranian Oil Company (NIOC) managing director on Sunday said projects for collecting associated petroleum gas (APG) have attained 70 percent physical progress.
ONGC has made two consecutive significant natural gas discoveries in a deepwater block in the Bay of Bengal, marking the start of its high-risk exploration strategy.
The Canada Energy Regulator (CER) on Friday said it would issue a decision on a variance request from the Trans Mountain pipeline expansion project “in due course,” following a one-day oral hearing in Calgary.
Iranian Oil Ministry’s major plan for recovering flare gases in East Karun oil fields, which is being implemented in the form of 25 projects in four provinces, has reached 60 percent progress, Shana reported.
Saudi Arabia and Canada have agreed to re-exchange trade delegations after it was suspended for five years.
China's annual crude oil imports hit an all-time high in 2023, customs data showed on Friday, as fuel demand recovered from a pandemic-induced slump despite economic headwinds.
Proceeds from oil and gas sales for Russia's federal budget fell by about 24% to 8.822 trillion roubles ($99.4 billion) last year, finance ministry data showed on Thursday, following weaker oil prices and reduced gas sales to Europe.
Saudi Arabia's recent move to slash the price of its oil has attracted attention from India, with some refiners now interested in buying crude from the kingdom while oil purchases from Russia plummet.