Saudi Arabia is synonymous with oil, the EU is obsessed with renewable energy, and the U.S. is the world’s leading natural gas producer, but there are few countries pursuing all three of these energy sources with as much vigor as the UAE. While much of the West, encouraged by the …

Leaders of the Group of Seven (G7) nations have concluded their landmark summit in Cornwall, UK committing to reach net-zero emissions by 2050 amid a series of other significant energy and climate pledges. They issued a communiqué in which they set out their net zero commitments and called on all …

Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway, which will be a tie-in to the planned development of the Garantiana oil discovery. The wildcat well 34/6-5 S is located in production licence 554 where Equinor is …

Turkish authorities have shared data on its Black Sea discovery with a duo of U.S. energy majors with possible gas extraction cooperation in mind. Turkey shared its data with Chevron and ExxonMobil regarding its 540 billion cubic-meter Sakarya gas field in the Black Sea, an official with knowledge of the …

UK supermajor BP has agreed to join forces with Norway’s Statkraft and Aker Offshore Wind in a consortium bidding to develop offshore wind in the Sørlige Nordsjø II licence area off Norway. Sørlige Nordsjø II will be developed without government support. Norway plans to announce the auction in Q1 2022 …

Iranian Offshore Oil Company (IOOC), in collaboration with the National Iranian Tanker Company (NITC), has started implementing a project for injecting gas condensate into Soroush oil field in the Persian Gulf to maintain its production level. In this project, which is being implemented for the first time in the history …

An Oil and Gas Industry Innovation and Technology Park has been officially inaugurated with the aim of developing technologies and expanding cooperation among those who are active in innovation and technology. The inauguration ceremony has been held at the presence of Iran’s Oil Minister Bijan Zanganeh, Iranian Vice-President for Science …

China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week, as quoted by Reuters. China is already catching up with Japan in terms of LNG imports: • Japan imported 76.32 million tons of …

Brent oil may rise into a range of $73.38-$73.80 per barrel, as it has broken a resistance at $72.71. The break is convincing, as it followed two corrections on June 9 and June 10. The break signals a continuation of the uptrend towards the range of $74.47-$75.55 range. Oil is …

Iraq, OPEC’s second-biggest oil producer, said crude prices will be in the range of $68 to $75 a barrel in the second half. The price range is expected because of a commitment to OPEC+ output cut, Iraq’s Oil Minister Ihsan Abdul Jabbar told reporters at the Baghdad International Book Fair. …