Sweden started an oil-fired reserve power plant after Poland said it needed help from its neighbours to meet soaring electricity demand as freezing weather has spread across Europe. It’s the latest chapter in the scramble by European countries to secure adequate supplies in the midst of plummeting temperatures and soaring …

Libya’s state National Oil Corporation (NOC) discussed with U.S. oil services company Halliburton ways to develop wells and a digital transformation project for the oil sector. The discussions took place yesterday at the NOC’s Tripoli headquarters between NOC Chairman Mustafa Sanalla and the Vice President of Halliburton for the Middle …

Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company, has started drilling operations at the South Pars gas field in the Persian Gulf in search of new hydrocarbon reserves. The Pars Oil and Gas Company stated that the drilling of the new well was part …

When news first broke a few years ago that Russia’s state nuclear energy company was working on a floating nuclear power plant, some took it as a joke. Others mocked it as the worst idea ever. But it turns out it wasn’t such an outlandish idea after all. The Akademik …

Turkey has threatened to block any “unauthorized” search for gas and oil in what it considers its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights to Exxon Mobil and Qatar Petroleum, following a statement issued by the Turkish Foreign Ministry yesterday, 5 December …

The Energy Efficiency Hub – a global platform for collaboration aimed at delivering the social, economic and environmental benefits of more efficient use of energy – has been launched at an event hosted at the International Energy Agency (IEA) in Paris. The Hub’s initial 16 members are Argentina, Australia, Brazil, …

Oil rose after Saudi Arabia boosted the prices of its crude, signalling confidence in the demand outlook despite the spread of the Omicron variant of the coronavirus. Futures in New York advanced more than 2 per cent to trade near $68 a barrel. The Kingdom increased its oil prices for …

Saudi Arabia raised oil prices for buyers in Asia and the U.S., days after OPEC and its allies made a surprise decision to increase output. The move signals that the world’s biggest crude exporter still sees strong demand in its two main markets, despite the spread of the omicron variant …

Saudi Arabia’s state oil and gas corporation Saudi Aramco said that it signed five agreements with leading French companies including a deal on hydrogen-powered vehicles with Gaussin, during French President Emmanuel Macron’s visit to the kingdom. The agreements were concluded in the city of Jeddah during the workshops that were …

U.S. imports of crude oil from Iraq averaged 140 thousand barrels per day (bpd) last month, the Energy Information Administration (EIA) said on Saturday. In its monthly report on U.S. oil imports, EIA said that the U.S. imports from Iraq grossed 4.192 million barrels in November at a rate of …