A drilling rig was erected off Lavan Island, the Persian Gulf, another step toward boosting oil output, said an Iranian Offshore Oil Company (IOOC) official Monday.
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The European Union’s statistics office Eurostat announced the import of Iranian oil by three European Union (EU) members in 2022, and introduced Bulgaria as the newest customer…
Ukrainian state-owned gas company Naftogaz has held talks with Exxon Mobil Corp, Halliburton and Chevron about projects in Ukraine as the country looks to lure back foreign investment…
President Tayyip Erdogan on Thursday flicked the switch on Turkey’s first delivery of natural gas to an onshore plant from a reserve discovered in the Black Sea…
Russian President Vladimir Putin discussed the OPEC+ deal to cap oil production with the Crown Prince of Saudi Arabia, Mohammed bin Salman, in a telephone call on…
A tanker company has lost its P&I insurance from the American Club because it intends to ship Russian crude above the G7 price cap.
Germany’s liquefied natural gas (LNG) terminal project at Stade has picked a possible constructor and the floating storage and regasification unit (FSRU) at Brunsbuettel became fully operational…
Oil prices continued to trend lower in morning trade in Asia, with WTI heading toward $78 and Brent moving closer to $82.
Despite the…
Finnish Ambassador to Iran Kari Kahiluoto said Finland is looking for economic opportunities in southern Iran in the wake of revival of friendly between the Islamic Republic…
It will be very difficult for Europe to refill its gas storage to last year’s levels after the continent ended the winter heating season with relatively low…
South Pars Gas Complex (SPGC) produced 17.2 billion cubic meters (bcm) of natural gas over the winter, an increase of 6% compared to the quarter to late…
The length of oil and gas wells pipelines as well as the pipeline construction operation increased in the past Iranian calendar year 1401 (ended on March 20),…
Russia’s oil production is forecast to remain stable until 2025, its Deputy Energy Minister Pavel Sorokin said, while Moscow plans reserves in order to make its supplies…
Tehran will host the 14th edition of Iran Petrochemical Forum (IPF) at the IRIB International Conference Hall on May 1-2.
As reported, this edition…
The group of Brazil, Russia, India, China and South Africa (BRICS) will for the first time attend the Iran Petrochemical Forum (IPF), announced a National Petrochemical Company…
Oil producers should avoid making commitments that will pay off years from now when the market could be far weaker than at present.
Not…
The National Iranian Oil Company (NIOC) managing director said on Saturday the first phase of the NGL 3200 project will become operational soon, describing it as a…
The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil-fuels faster and building…
The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to…
Oil prices are on course for their fourth consecutive weekly gain, with WTI trading above $82 and Brent trading above $86.
In its latest…