The representative of Iraq at the Organization of the Petroleum Exporting Countries (OPEC) confirmed on Saturday that the organization agreed to a new increase in the country’s production of oil starting from July, according to the Iraqi News Agency (INA). The Iraqi representative at OPEC, Muhammad Saadoun, in his statement …

An expert on energy has said that Iran can participate in Venezuela’s oil exploration and extraction projects to the best of its ability and this is in the interest of both countries and it is a win-win game. Ali Asghar Zargar said in remarks to ILNA that “Both Iran and …

Ukraine’s IT sector is booming despite the Russian invasion. Workers with stickers on their laptops recline on beach chairs outside a warehouse for start-ups in the west Ukraine city of Lviv giving off major Silicon Valley vibes. But the atmosphere inside is different. Through the glass doors of the complex, …

Bosch is planning not only to use green hydrogen but also to be one of the companies producing it. To do so, Bosch is branching out into the development of components for electrolyzers, which use electrolysis to split water into hydrogen and oxygen. “We cannot afford to delay climate action …

Russia’s oil export revenue has jumped some 50% since the beginning of 2022, Bloomberg reports, citing data from the International Energy Agency (IEA). According to the agency’s monthly market report, Moscow has earned some $20 billion each month this year from sales of crude oil and oil-related products. The earnings …

Managing Director of Iranian Offshore Engineering and Construction Company (IOEC) Mohammadreza Zahiri said that production from South Pars oil layer, which is located in the country’s giant South Pars gas field, is going to increase by 10,000 barrels per day (bpd), Shana reported. Speaking in a press conference on the …

Iraq is redirecting crude flows from its primary customer base in Asia to refineries in Europe — and may soon be able to offer more volumes with the upgrading of a loading port, officials with state marketer SOMO said May 12, as Western countries have sought to wean themselves off …

France’s nuclear power plants are undergoing repairs and extended outages, leading to a 25% decrease in nuclear power plant output this winter, an analysis from Baringa Partners LLP said, according to Bloomberg. France, Europe’s largest power exporter, could be left scrambling to import power this winter. France typically sends power …

The number of total active drilling rigs in the United States rose by 9 this week, on top of the 7 rig increase in the week prior, according to new data from Baker Hughes published on Friday. The total rig count increased to 714 this week—261 rigs higher than the …

Managing director of the National Iranian Oil Company (NIOC) and top managers of Russia’s Gazprom Company emphasized here on Friday to expand cooperation in energy field. The agreement was signed in a meeting between NIOC Managing Director Mohsen Khojastehmehr and top managers of Russia’s Gazprom on the sidelines of the …