The Egyptian Ministry of Petroleum and global oilfield services provider Schlumberger have announced the launch of the Egypt Upstream Gateway, an innovative national project for the digitalization of subsurface information. This digital platform will also enable global access to the country’s subsurface data, which is kept evergreen by enhancing legacy …

Iran will launch direct shipping lines to South African and Latin American states in the near future, Head of the Commission for Trade Development and Non-oil Export Development of Iran Chamber Of Cooperatives Babak Afqahi said. Consultations were made with relevant officials, Iran will launch direct shipping lines to South …

Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices rebounding to a one-year high. In private, the kingdom has signaled it would prefer that …

Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month. The group and partners including Russia are restraining supply with the coronavirus pandemic still raging. The alliance, known as OPEC+, is seeking to ensure a 66% rally in …

The number of rotary drilling rigs operating in the United States remained flat this week, Baker Hughes Co. reported Friday. Against figures from a week ago, the latest 397-rig U.S. count reflects a one-unit drop in oil rigs (to 305) and a one-unit increase in gas rigs (to 90). Baker …

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi flew to Tehran on Saturday to conduct talks on further verification activity at Iranian nuclear objects, Russian Permanent Representative to International Organizations in Vienna Mikhail Ulyanov reported. “Today IAEA Director General Rafael Grossi flew to Tehran to specify parameters …

Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month. The group and partners including Russia are restraining supply with the coronavirus pandemic still raging. The alliance, known as OPEC+, is seeking to ensure a 66% rally in …

Qatar aims to be the world’s biggest producer of liquefied natural gas for at least the next two decades, capitalising on rising demand as the world transitions from oil and coal to cleaner energy. Qatar will spend billions of dollars expanding its LNG capacity more than 50% to 126mn tonnes …

Saudi Arabia and Russia would like to continue their coordination to support oil market stability, the leaders of the two most influential members of the OPEC+ production pact said during a telephone conversation this week. Russia’s President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman exchanged views on …

An anomalous cold snap disrupted well operations across the central United States, prompting total US oil production to contract by approximately 40 percent, with crude output dropping by more than 4 million barrels a day nationwide, according to traders and industry executives cited by Bloomberg. US crude prices soared to …