Iran’s Foreign Minister Hossein Amir Abdollahian says Tehran will not run from the negotiating table over its nuclear program, but this administration believes talks will be real only if they produce tangible results. Amir Abdollahian dismissed the US recent threats against Iran over the nuclear negotiations, and said, “They’re like …

State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent, Russian newspaper Kommersant reports, citing a letter which Rosneft’s boss has sent to Putin. Gazprom is the sole exporter of natural …

Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region’s offshore wells, nearly half its motor fuel production and closing energy-export ports. The storm moved into Mississippi on Monday after leaving a trail of destruction in Louisiana and rampaging through U.S. offshore oil and gas fields. …

A few years ago, as U.S. shale oil production soared towards 11 and then 12 million bpd, turning the country into the world’s largest oil producer, it was fashionable to start imagining that OPEC was becoming irrelevant. It took a pandemic to refute that argument; and now, OPEC is more …

China’s top offshore oil and gas producer, CNOOC, has launched the country’s first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide.

A working meeting between Alexey Miller, Gazprom´s CEO, and Rainer Seele, CEO of OMV, took place on Friday in Russia. The parties expressed appreciation for the strategic cooperation between Gazprom and OMV, noting in particular their successful collaboration on the development project for the Yuzhno-Russkoye field. The field’s annual design …

North Korea appears to have restarted the operation of its main nuclear reactor used to produce weapons fuels, the U.N. atomic agency said, as the North openly threatens to enlarge its nuclear arsenal amid long-dormant nuclear diplomacy with the United States. The annual report by the International Atomic Energy Agency …

Oil and natural gas explorers in the U.S. Gulf of Mexico and Louisiana refineries have shut production as Hurricane Ida crashed ashore. Based on the latest forecast by the National Hurricane Center, Ida made landfall near New Orleans Sunday afternoon. About 1.74 million barrels a day, or 95.7% of crude …

Governments in long-established oil-rich nations around the world are coming under fire for their decisions over oil and gas versus renewable alternatives. The once-coveted natural resource is now a question of great contention. But how will the oil industry fare over the coming decades as governments strive for green while …

The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US declined to 77,000 barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 77,000 bpd, …