Head of Atomic Energy Organization of Iran (AEOI) Mohammad Eslami stressed that Iran nuclear activities are within the framework of the International Atomic Energy Agency (IAEA). “Tehran’s nuclear program aims to support the country’s industrial production needs, as well as the needs of Iranian consumers for certain goods,” Eslami was …

Russian hydrocarbons remain among the most competitive globally and over 50% of total production is profitable even against the oil price of $20-25 per barrel, Deputy Prime Minister Alexander Novak said in his article in the Energy Policy magazine. “Hydrocarbons lifting cost in Russia is among the lowest globally. Over …

A key corporate proxy at the forefront of the Washington’s attempts to counteract the increasing influence of China and Russia across the Middle East is the Abu Dhabi National Oil Co (ADNOC), in line with the U.S.-sponsored ‘relationship normalisation’ deal signed last year between Israel and the UAE. A vital …

The US is set to boost its liquefied natural gas (LNG) capacity, once two new liquefaction units become operational late next year. This would enable the country to overtake Australia and Qatar as the world’s top LNG exporter. The US Energy Information Administration expects the country’s LNG export capacity to …

The physical flow of gas through the Yamal-Europe gas pipeline to Germany was stopped for the second day in a row due to Gazprom’s refusal to book pumping capacities for today, according to the data from gas transmission operator Gascade made avaialble on Wednesday. The transnational gas pipeline Yamal – …

Oil was up Wednesday morning in Asia, holding gains as the latest U.S. crude oil supply data showed a bigger-than-expected draw. Trading volumes are also thinning out as the holiday period approaches. Brent oil futures edged up 0.18% to $74.11 by 11:13 PM ET (4:13 AM GMT) and WTI futures …

Deliveries of Russian natural gas to Germany through the Yamal-Europe pipeline have been completely halted, data from the country’s transport operator, Gascade, revealed on Tuesday morning. The suspension of the flow comes after a weekend in which the volume being sent through the network dropped significantly, just as demand for …

Russia’s largest crude producer Rosneft announced Dec. 21 its commitment to achieve carbon neutrality by 2050, bringing forward some of its previous targets to reduce emissions. The company’s 2035 climate targets set a year ago already included the prevention of 20 million mt CO2 equivalent of greenhouse gas emissions, reduction …

China’s oil giant Sinopec on Tuesday released a report about the company’s participation and growth in Russia which deepens ties with China on energy cooperation, a key sector following global energy crunch in tandem with climate change crisis. The report focuses on sustainable development of Sinopec in Russia and its …

China National Offshore Oil Corp will supply carbon neutral LNG for the first time to Hong Kong, the state-owned oil and gas major said on its social media account late Dec. 20. CNOOC said it received a 65,000 mt carbon neutral LNG cargo on board the vessel “Magnolia” at the …