Iran is ready to continue bilateral talks with Kuwait over the Arash (Durra) offshore gas field, according to Foreign Ministry Spokesman Nasser Kanani. “Iran has repeatedly declared, that the Islamic Republic is ready to continue bilateral negotiations with Kuwait in line with the results of the previous talks over exploiting …

The global oil market will require an investment of $14 trillion by 2045 to meet the rising energy demand of the world, said Haitham al-Ghais, Secretary General of the Organisation of Petroleum Exporting Countries on Tuesday. “The demand for oil will continue to rise and there is a need to …

Germany will tender 10 gigawatts (GW) of new natural gas-fired capacity from power plants that could be converted to hydrogen in the 2030s, as part of plans to ensure stable electricity supply as wind and solar power generation and installations grow. The plan for Germany’s power plants is in its …

Russian natural gas producer Novatek is building a new China-based team to explore marketing the fuel, sources familiar with the plans said, as U.S. sanctions thwart plans for exports from its new multi-billion dollar Arctic project. The move illustrates Russian energy companies’ continued pivot to Asia, especially China, after the …

QatarEnergy inked a 20-year deal with India’s Petronet for the supply of 7.5 million tons per annum (mtpa) of LNG to India, the Qatari company announced on Tuesday. As part of the deal, starting May 2028, QatarEnergy’s vast LNG fleet will deliver the contracted LNG volumes to Indian terminals, the …

In 1943 President Franklin Roosevelt declared that “the defense of Saudi Arabia is vital to the defense of the United States.” The reason: Ten years earlier the desert kingdom had granted a concession to Standard Oil of California to explore for oil. It turned out there was some, in fact, …

India is likely to sign on Tuesday a multi-billion dollar deal to extend LNG imports from Qatar till 2048 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal with QatarEnergy to extend import of 7.5 million tonne a year on sidelines of …

South Korea’s electric vehicle (EV) sales fell by 0.1% last year for the first annual decline since 2017, as drivers cite fears of batteries catching fire and insufficient number of chargers as key obstacles alongside higher interest rates and high prices. South Korean drivers are concerned that their future EVs …

There are big plans for the production of critical minerals to meet the rapidly growing demand as the world undergoes a green transition. Governments are starting to work together to develop their sustainable mining capabilities and ensure that they produce enough metals and minerals to respond to global needs. To …

Iranian Energy Minister Ali Akbar Mehrabian has warned that if Afghanistan does not ensure Tehran receives its rightful amount of water from Helmand River, Iran will use legal and international means to resolve the problem. Referring to the recent rainfalls in Afghanistan, Mehrabian stressed that Helmand River water is Iran’s …