India has accumulated huge oil reserves during the pandemic, taking advantage of the depressed prices and lack of demand across the world. State-funded strategic crude oil reserves are meant to tackle emergency situations and allow the Modi government to tide over short-term supply disruptions. The Indian government revealed on Tuesday …

Iranian and Qatari energy ministers yesterday discussed connecting the two countries’ electricity networks via a submarine cable. In a virtual meeting, the Qatari minister, Saad Sherida Al-Kaabi, said that the project was “possible”, adding that a “proposal should be worked on”. “In my opinion, this idea is practical and it …

China has completed the development of a third-generation nuclear technology that could help cut greenhouse gas emissions by millions of tonnes a year, the State Power Investment Corporation announced on Monday. The announcement that work on the CAP 1400 reactors had finished came days after Chinese President Xi Jinping promised …

Rosneft Oil Company has held a seminar on the organisation of the company’s procurement activities in the format of a video conference. The event was attended online by representatives of more than 20 leading Japanese suppliers and contractors. The seminar was arranged as subject to the agreements achieved at the …

Norwegian oil and gas giant Equinor has made an oil and gas discovery in the Swisher prospect near the Fram field in the North Sea offshore Norway. Equinor, as the operator of the production licence 248 C, has concluded the drilling of wildcat well 35/11-24 S and appraisal wells 35/11-24 …

Energy ministers from the Group of 20 major economies called Tuesday for capital investments in innovative technologies and infrastructure to support energy security and bolster market stability as economies seek to recover from the novel coronavirus pandemic. “As we address the impact of the COVID-19 crisis, we recognize that energy …

Russia was the biggest exporter of crude oil to China last month, for the 2nd month in a row, Reuters reported, citing Chinese customs data. Saudi Arabia came 2nd, but its exports to the world’s top importer fell by 300 % in August, Oilprice analysed. Russia shipped 1.37 million bpd …

Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after slipping last week. Brent crude fell 37 cents, or 0.9%, to $41.55 a barrel by 0652 …

Russia expects a long and gradual revival of the oil market after the pandemic this year crushed energy demand across the world. “The recovery won’t be fast, it will take quite a while before the pre-crisis levels can be reached,” Russia’s Energy Minister Alexander Novak said Sunday. In 2020, on …

Saudi Aramco, which made the announcement Sunday, produced the fuel, which it does by converting hydrocarbons into hydrogen and then ammonia, and capturing the carbon dioxide byproduct. Japan will receive 40 tons of blue ammonia in the first shipment, Aramco said. Ammonia can be burned in thermal power stations without …