Brazil’s oil industry has absolutely exploded in recent years, and now the Latin American country could even be on track to becoming a global top 5 producer. In a little over a decade Latin America’s largest economy Brazil has become a leading global oil producer. At the end of 2020, …

Despite all the external challenges like the coronavirus pandemic and the U.S. sanctions, the Iranian oil and gas sector has been developing at a fast pace and the country is passing new milestones in this industry every day. Various sectors of Iran’s oil and gas industry including exploration, production, processing, …

Ukraine has said it will continue to fight against the Nord Stream 2 after Russia announced the gas pipeline was completed. The Kremlin said the pipeline, which runs from Russia to Germany, should be put into operation “as soon as possible”. The controversial project, which began in April 2018, has …

News sources reported on Friday night that Rafael Grossi, IAEA Director General Rafael Mariano Grossi may visit Iran before the Board of Governors meeting. The Journalist of the Wall Street Journal claimed that the director-general of the International Atomic Energy Agency will probably visit Iran in the coming days. Laurence …

Oil prices rose on Friday on growing signs of tightness in US markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of nearly 1% after China announced plans to sell crude from its strategic reserves. Brent crude futures for November rose 63 cents, or 0.9%, …

ETIP Ocean has released results from the Gross Value Added (GVA) study stating that there is a significant benefit to be generated by supply chain activity servicing global (European and non-European) deployments of ocean energy to 2050. The GVA study, authored by the University of Edinburgh, presents results, analysis, and …

OPEC will likely revise down its 2022 oil demand growth forecast on Monday, two OPEC+ sources said, as the spread of the Delta coronavirus variant puts the speed of a recovery in fuel use in doubt. On Sept. 1, separate sources said the Organization of the Petroleum Exporting Countries and …

Nord Stream 2, the controversial gas pipeline from Russia to Germany, has been completed according to Gazprom, the Russian gas company that built the route. Alexey Miller, chairman of the management committee, announced completion at 8:45 a.m. Moscow time on Friday. The 1,200km pipeline follows much the same route as …

China’s National Energy Administration (NEA) on Thursday issued a middle and long-term development plan for the country’s pumped storage hydropower sector covering the period from 2021 to 2035, as part of efforts to boost clean energy and reach carbon emission reduction goals. Among the major development goals, the plan aims …

The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday (8 September), the company behind the nascent green technology said. Swiss start-up Climeworks AG, which specialises in capturing carbon dioxide directly from the air, has partnered with …