Enbridge Inc could add 200,000 barrels per day (bpd) of capacity to its 3 million bpd Mainline system, which ships the bulk of Canada's crude exports to the United States, a company executive said on Tuesday.
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Bank of America on Tuesday said that while the heatwave in Texas almost halved the U.S. natural gas storage surplus, a mild winter could still drive stocks to records and push prices below $2 per million British thermal units (mmBtu) in the first quarter of 2024.
The director of Commercial Attachés Office of Iran’s Trade Promotion Organization (TPO) announced that license was issued to establish a trade center in Saudi Arabia, and the center started its activity in Jeddah.
Hungary signs a landmark gas supply agreement with Turkmenistan, signaling its shift from reliance on Russian gas. Current transit routes for Turkmen gas involve a three-way swap deal between Turkmenistan, Iran, and Azerbaijan, with possible expansion plans.
Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country's communications directorate said on Monday.
Germany must strengthen rather than abandon the liquefied natural gas (LNG) capability built last year to retain energy diversity in the face of continued fragility of supply, a senior economy ministry official told an industry event on Tuesday.
Former Iranian Ambassador to Italy Abolfazl Zohrevand has said that releasing Iran’s blocked funds depicts the US' need to keep ties with the Islamic Republic of Iran.
Egypt is set to bolster its oil and gas production with plans to drill multiple new wells in the Zohr gas field throughout 2024 and 2025, according to a statement from the government.
With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply.
Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked Indigenous opposition and may lead to further delays for the key oil pipeline.
Iran's Persian Gulf Petrochemical Industries Company (PGPIC) is going to launch four major projects by the end of the current Iranian calendar year (March 20, 2024), the managing director of the company said.
Increase in oil exports, release of frozen assets, expansion of foreign relations, and enhancement of presence in international assemblies are all indicative of effectiveness of the Iranian government’s foreign policy, said the Foreign Ministry spokesman on Monday.
Saudi Ambassador to Iran Abdullah bin Saud al-Anzi on Monday voiced his country’s readiness to broaden cooperation with the Islamic Republic in petrochemical sector.
Australia's Offshore Alliance union said on Sunday that workers had begun a second 24-hour strike at Chevron's liquefied natural gas (LNG) plants in Western Australia.
The fossil fuel industry is increasingly under the microscope for its contribution to climate change, but the president of British oil giant Shell's Canadian subsidiary says oil and gas companies can't be held solely responsible for the pace of the global energy transition.
In a meeting between an Iranian trade delegation from the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) with the deputy head of the Istanbul Chamber of Commerce (ICOC), the two sides called for improving mutual cooperation.
Iran’s International Exhibition of Plastics, Rubber, Machinery and Equipment is one of the biggest polymer expositions in the Middle East, said the National Petrochemical Company investment manager on Friday.
More than two-thirds of the world's population favours solar energy, five times more than public support for fossil fuels, a global poll has found.
The Organization of the Petroleum Exporting Countries (OPEC) today turned 63.
Russia's push to create a "gas hub" in Turkey to replace lost sales to Europe is facing delays because of disagreements over who should be in charge of it, two sources familiar with the project told Reuters.