Aramco has refuted recent reports claiming that the company plans to embark on Bitcoin mining activities. In a statement, Aramco said: “With reference to recent reports claiming that the company will embark on Bitcoin mining activities, Aramco confirms that these claims are completely false and inaccurate.” Aramco is a global …

Europe’s largest port is involved in a study that looks at shipping hydrogen using existing infrastructure. Port of Rotterdam Authority, Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation have signed an agreement on a joint study on the feasibility of a commercial-scale import of hydrogen from overseas sources to one of …

Russia increased oil production in July for the first time in three months, after more generous quotas were extended to the entire OPEC+ alliance. Producers pumped 44.24 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s about 10.46 million barrels …

Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company for the last six months to convince it to repeal its decision, and …

Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in “dirty” coal is enjoying an ironic renaissance. Bulk ships are busy transporting coal to Asia — and to eco-conscious Europe — boosting freight income for some of the very shipowners who publicly …

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi inaugurated isotope technologies labs complex in Arak, Markazi province in Western Iran. “The research-production project was funded through the income of Arak Heavy Water Production Plant,” Salehi said addressing the inauguration ceremony on Saturday. He expressed the hope …

In the region, work is under way to drill new, deeper wells, Trend reports citing turkmenian media. At the same time, productive wells are transferred to the gas-lift method of operation. The work carried out significantly contributes to an increase in the volume of oil produced here. The total volume …

Siemens Mobility and Continental Engineering Services (CES) have partnered on the development and manufacture of pantographs for trucks, with the eHighway technology from Siemens Mobility supplying trucks with electricity via an overhead line. The cooperation aims to electrify key stretches of highway-networks in Germany’s autobahn network with overhead contact lines …

The director of engineering and construction at the National Iranian South Oil Company (NISOC) announced that the company’s crude oil desalination plant has reached progress of more than 90 percent and is expected to go operational in the current Iranian calendar year (ends on March 20, 2022). According to Ebrahim …

South Korean Data showed, on Saturday, that Iraqi oil exports to South Korea are 3.872 million barrels in last June. The Data stated that “The South Korea oil imports is 80.165 million barrels (2.67 barrels per day.)” The top four source countries of South Korean import oil are Saudi Arabia …