Iranian Oil Minister announced the readiness of the Iranian administration to attract the capital of Russians in the oil and gas sector. Javad Owji, in a meeting with 100 economic activists of the Russian Federation, which was held on the sidelines of the second Caspian Economic Conference, discussed the existing …

Statistics of the Ministry of Industry, Mine and Trade said that export of petrochemicals and gas condensates in the first four months of the current year (from March 21 to July 23) increased 38.8 percent. In this period, the export of petrochemicals and gas condensates registered a 38.8 percent hike …

France is considering increasing its capacity for uranium enrichment as the Western allies look to reduce their reliance on Russian nuclear power plant fuel. French state-held uranium conversion and enrichment specialist Orano SA is reviewing options to boost the capacity at its Georges Besse II plant to 11 million separative …

The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count fell to 762 this week—229 rigs higher than the rig count this time in 2021. Oil rigs in the United …

Every year it seems that renewable energy companies are looking to produce bigger, more innovative wind turbines than ever before. As governments and private firms pump funding into research and development in renewable energy, operations are becoming more efficient, lower cost, and easier to scale. With Danish firm Vestas once …

Russian President Vladimir Putin on Friday, October 7, signed a decree that creates a new operator for the Exxon Mobil Corporation-led Sakhalin-1 oil and gas project in Russia’s Far East. Putin’s move affecting Exxon’s largest investment in Russia mimics a strategy he used to seize control of other energy properties …

The Minister of Oil and Gas, Mohammed Aoun, has stated that a new gas pipeline parallel to the existing one, could be extended to Italy, within four to six months, noting that Libya exports about 250 to 300 million cubic feet of gas to Italy per day. “There are huge …

French energy giant TotalEnergies will continue to ship liquefied natural gas from Russia as long as there are no European sanctions on the fuel, the company’s Chief Executive Patrick Pouyanne said on Wednesday, reiterating a previously stated position. “We will continue to ship LNG from Russia as long as there …

The world’s largest crude oil exporter, Saudi Arabia, left the official selling price of its flagship Arab Light grade unchanged for November loadings compared to October, sources familiar with the latest pricing told Reuters on Thursday. Saudi Arabia’s Arab Light will sell in November to Asia at a premium of …

The European Union needs to quickly intervene in its gas and energy markets, including by imposing a price cap on wholesale gas, to avoid a spiral of deindustrialization and social unrest amid sky-high energy prices, Belgium’s Prime Minister Alexander De Croo told the Financial Times in comments published on Thursday. …