The 1,500MW solar steam facility, to be developed at MA’ADEN’s Alumina refinery, aims to help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually. This represents more than a 50 per cent carbon footprint reduction in MA’ADEN’s Alumina refinery and four per cent of MA’ADEN’s overall …

Iranian flag oil tanker carrying about one million barrels of crude oil entered Venezuelan waters, Reuters reported. The Reuters news agency reported based on a shipping document on Monday that the third oil cargo from Naftiran Intertrade Company limited (NICO) is being delivered to Petróleos de Venezuela, S.A. (PDVSA), a …

Turkey will start transferring 10 million cubic meters (mcm) of natural gas daily from the Sakarya Gas Field in the Black Sea to the national transmission system in the first quarter of 2023, the country’s president said on Monday. The production in Sakarya Gas Field will “hopefully reach its peak …

The U.S. crude imports from Iraq averaged 196 thousand barrels per day (bpd) last week, the Energy Information Administration (EIA) said this weekend. In its weekly report on U.S. oil imports, EIA said that the U.S. net oil imports averaged 5.497 million bpd last week, down by 64 thousand bpd …

Russia has earned $98bn from fossil fuel exports during the first 100 days of its war in Ukraine, with the European Union being the top importer, according to new research. The report was published on Monday the independent, Finland-based Centre for Research on Energy and Clean Air (CREA) came as …

Russia rose to become India’s second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade sources showed. In May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any …

Turkey is lowering into the sea the first pipe that will deliver natural gas from the Sakarya field in the Black Sea to the land, Turkish Energy and Natural Resources Minister Fatih Donmez said. Turkey will invest almost $10 billion in the project to produce and transport 540 billion cubic …

European natural gas prices declined on Monday as muted demand helped to ease a tight market. Warm weather across the region is expected to keep a lid on gas use for heating over the coming week, while a forecast for increased solar energy production in the UK, Germany and Spain …

Iran has delivered an Iranian-made ‘Aframax’ oil tanker to Venezuela, which has been built at the order of Venezuela, Trend reports citing the government’s official website (dolat.ir). In this regard, an event was held in Tehran with the participation of Iranian President Ebrahim Raisi and Venezuelan President Nicolas Maduro. An …

Equinor and BP announced last week the launch of the New York-based Offshore Wind Innovation Hub, which will facilitate partnerships with start-ups that bring new technological solutions to the rapidly growing US offshore wind industry. The initiative springs from a new three-year partnership between Equinor, the Urban Future Lab (UFL) …