China’s CNOOC this week started production from the first deepwater gas field it operates fully, Reuters has reported, adding that the field is expected to yield some 4.39 billion cubic meters of natural gas, representing 2 percent of China’s total output. The Chenhai-1 well was drilled at the Lingshui 17-2 …

The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won’t require it to sell less oil. The country is considering a 2050 target to …

Oil prices climbed to their highest since October 2018 on Friday, putting both benchmarks up for a fifth week in a row on expectations that demand growth will outstrip supply and OPEC+ will be cautious in returning more crude to the market from August onwards. Global benchmark Brent futures rose …

The United States and India on Wednesday agreed to strengthen security and civil nuclear cooperation, including building six US nuclear power plants in India, the two countries said in a joint statement. The agreement came after two days of talks in Washington. The United States under President Donald Trump has …

Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced a strategic agreement with Iraq to develop solar photovoltaic (PV) projects in the country with a minimum total capacity of 2GW (gigawatts). Iraq, the second-largest oil producer in the Organisation of Petroleum …

In reaction to the recent remarks of Rafael Grossi, Iran’s ambassador to the Vienna-based international organizations said that Iran is committed to safeguards obligations, no less and no more. “Despite the three-month joint technical agreement between the IAEA and Iran, it should be noted that the basis of this agreement …

Oil prices in world market has increased to the highest level since late 2018 and it is expected to reach 100 dollars per barrel; given the facts, the market is waiting for Iran to export over 200 million barrels of its crude oil as soon as the US sanctions are …

Saudi Arabia’s Energy Minister, Prince Abdul Aziz bin Salman said the OPEC+ alliance will play a role in “taming and containing” inflationary pressures, just hours after Brent crude surged back above $75 a barrel, Bloomberg reported. “We also have a role in taming and containing inflation, by making sure that …

Oman’s Ministry of Energy and Minerals and the International Energy Agency (IEA) will organise a Ministerial Dialogue on September 9 to explore ways to leverage clean energy transitions to ensure broader economic resilience. The Ministerial Dialogue – which will be co-hosted by Oman’s Minister of Energy and Minerals Mohammed bin …

Strong government policies and financial support will see renewable energy account for nearly 40% of the world’s power mix by the end of this decade, according to research by GlobalData. In a new report, the data and analytics firm highlights how increasing investment in solar and wind plants, and new …