European Union governments are confronting the risk of a splintering energy market as Russian cuts in natural-gas supplies test EU unity in response to the war on Ukraine. An increase in gas supply disruptions following EU sanctions on Russia is prompting member countries to step up winter preparations as they …
Read More »China’s First Intelligent Factory for Offshore Drilling Equipment Starts Operation
China’s first intelligent factory for the production of offshore gas and oil extraction equipment was put into operation on Sunday, marking a breakthrough in pivoting the industry to intellectual manufacturing. Covering an area of about 575,000 square meters, the factory has three intelligent production centers, seven auxiliary workshops and eight …
Read More »Pakistan Ranks 29th among Countries having Gas Reserves
Pakistan ranks 29th among the countries holding natural gas reserves. This was revealed in the findings of a gas monitor report presented by Dr Amanullah Mahar, Director Center for Environmental Sciences, University of Sindh, Jamshoro. He said total extractable potential is reported around 24 TCFT, however, 4 billion cubic feet …
Read More »China’s Deep Sea No. 1 Gas Field Reaches 2 bcm Milestone
Deep Sea No. 1, China’s independently developed, ultra-deepwater gas field, has produced more than 2 billion cubic meters of natural gas by Saturday since it was put into operation one year ago, its operator China National Offshore Oil Corporation (CNOOC) said on Saturday, the Xinhua News Agency reported. The gas …
Read More »Iran’s Daily Gas Production Surpasses 1000mn Cubic Meters
Iran’s Oil Ministry on Saturday announced that the country’s production of crude gas, for the first time ever, surpassed 1,000 million cubic meters a day during last Iranian year (ended March 20, 2022). The ministry said that the achievement was made due to a jump in gas production at the …
Read More »China’s First Intelligent Factory for Marine Oil & Gas Extraction Equipment Put into Operation
China National Offshore Oil Corporation (CNOOC) announced its first intelligent factory to produce marine gas and oil extraction equipment has been put into operation, Xinhua News Agency reported on Sunday, marking a breakthrough in the manufacturing digitalization of the field. China’s first factory for marine gas and oil extraction equipment …
Read More »Iran’s Non-Oil Exports Up 40% in Q1
The Head of Trade Promotion Organization of Iran (TPOI) said that country’s non-oil export has increased 40 percent in the first three months of the current Iranian calendar year in 1401 (from March 21 to June 22). Alireza Payman-Pak put the country’s balance of trade at $600 million, showing that …
Read More »Russia Dismisses Allegations about Moscow’s Nuclear Threats
Moscow has never made nuclear threats, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Friday following the first Conference of States Parties to the Treaty on the Prohibition of Nuclear Weapons. “Statements about mutual threats of using nuclear weapons, which we heard before the conference, are perplexing, as well as …
Read More »Iraq to Increase Importing Iranian Gas
Iraqi ministry of electricity announced that the country’s debts for energy imports from Iran have been paid off and Baghdad is now consulting to increase gas imports from Iran. The spokesperson for the Iraqi ministry of electricity told media sources that Iraq imports 40 million cubic meters of Iranian gas …
Read More »Qatar Demands EU Sign Long-Term LNG Deals
Qatar plans to insist on terms that will lock Europe Union countries in for two decades of liquefied natural gas purchases, a move that will complicate the bloc’s goal to cut emissions while also reducing its dependence on Russian fuel. The Persian Gulf state, one of the world’s top LNG …
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