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 …

Hoping to develop the Northern Sea Route across the Arctic into an international shipping lane, Russia is building a group of icebreakers to be powered with liquefied natural gas. Russia already has the world’s only fleet of nuclear powered icebreakers but under president Vladimir Putin the objective is that its …

Oil analysts and economists believe that $70 a barrel is a more realistic outlook for Brent Crude prices for the rest of the year than $80 oil, as COVID variants and the geopolitics of oil will continue to be a source of volatility on the market, the monthly Reuters poll …

Russia will perform its commitments within the OPEC+ oil production limiting agreement’s framework by about 100% in July, Deputy Prime Minister Alexander Novak told reporters on Friday. “It will be about 100%. We actually have no strong volatility in this aspect, approximately at the same level on a monthly basis. …

The value of Iran’s non-oil trade rose 47 percent during the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of last year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. According to the Head of the …

Polarised responses to the International Energy Agency report on achieving net zero emissions by 2050 reveal the enormous challenges of the goal and differences about whether it is realistic in the timeframe. Like the Rorschach inkblot test, reactions to the report reveal more about the reader’s own views on how …

Russia produced an average of 10.36 million barrels of crude oil per day in January-May 2021, while the average U.S. production was 11.10 million barrels per day, fresh data from official Russia statistics agency Rosstat showed. Saudi Arabia slipped back to third place with an average daily production of 8.27 …