Parvin Faghfouri Azar

Number of Active U.S. Drilling Rigs down this Week

The number of active drilling rigs in the United States stood at 749 this week, down by four from the previous week but up by 99 from last year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes. These active drilling rigs included 592 oil …

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Chevron to Spend $15bn on Growth, New Energy Business

Oil major, Chevron Corporation, has said, it is leveraging on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world at its annual investor meeting. Chevron also expects to maintain capital and cost discipline to deliver higher returns while growing energy supplies. Under the …

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IAEA Chief Meets AEOI Head in Tehran

The Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi met and conferred with the Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami in Tehran on Friday. Grossi arrived in Tehran on Friday evening and was officially welcomed by AEOI Spokesman Behrouz Kamalvandi. The IAEA …

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India is Buying Russian Oil below the Western Price Cap

The Biden administration will continue to discuss India’s purchases of Russian oil with government officials but is satisfied so far that New Delhi is buying the crude well below a western price cap, senior State Department officials told reporters on Wednesday. India’s purchases of Russian oil are a constant topic …

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