Head of the technical department in the Iraqi Ministry of Oil, Ali Ward Hammoud, stated on Friday that Iraq is interested in the partnership with Russian oil companies, and called Russian companies to participate in exploring oil in new areas, according to Sputnik News. Hammoud, in a statement to Sputnik, …
Read More »Qatar Adds Shell to North Field South
Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …
Read More »Qatar Adds Shell to North Field South
Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …
Read More »Consortium of Iranian Banks, Firms to Invest $27b in Oil Industry
Head of Iran’s Planning and Budget Organization (PBO) Masoud Mirkazemi said a recently formed consortium of Iranian banks and companies is going to invest $27 billion in the country’s oil and gas sector, IRNA reported. “Recently, good cooperation has been established between the Planning and Budget Organization and the Oil …
Read More »Spain Says New Gas Pipeline may Take 7 Years to Build
A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to build, Spain’s energy minister has said. France, Spain and Portugal announced on Oct. 20 they had agreed to build the maritime pipeline instead of a long discussed overland pipeline across …
Read More »China Plans Mammoth Offshore Windfarm
The Chinese city of Chaozhou in Guangdong has plans to begin construction on its massive 43.3 GW offshore wind farm within the space of a few years, according to the city’s most recent five-year plan. The location of the wind farm is ideal, with winds strong enough to run the …
Read More »Macron Lashes out at United States over Double Standard Energy Policies
U.S. trade and energy policies have created a “double standard”, with Europe left paying higher prices for its natural gas, French President Emmanuel Macron said on Friday. France, the latest—and largest–country to withdraw from the Energy Charter Treaty, has switched from being a net exporter of energy last year, to …
Read More »U.S. EV Market Set to Grow by 390% by 2028
The U.S. market is looking increasingly attractive for electric vehicle (EV) producers, as non-traditional EV manufacturers make plans to break into the market. A decade ago, when people thought of EVs one name came to mind – Tesla. Fast-forward a few years and consumers have a vast array of EV …
Read More »France, Spain, Portugal are to Build the Barcelona-Marseille Gas Pipeline
Replacing plans to extend the so-called MidCat pipeline across the Pyrenees, previously opposed by France, Spain and Portugal, they announced they will build an ocean-based pipeline to transport hydrogen and gas between Barcelona and Marseille. Portuguese Prime Minister Antonio Costa said the pipeline, also known as BarMar, will help pump …
Read More »Russia Largest Foreign Investor in Iran’s Oil Industry in H1
Statistics showed that $2.7 billion worth of foreign investment made in the Iranian oil and gas sector in first half of the current Iranian year of 1401 (from Mar. 22 to Sep. 22), the total of which belongs to Russia Russian companies’ investment made in Iran has been approved by …
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