US-based energy company ConocoPhillips has made a significant gas discovery in the wildcat well 6507/4-1 offshore Norway. The new gas was found at the wildcat well 6507/4-1 that is drilled in the production licence 1009, which is located 35.41km northwest of the Heidrun field and 241.4km from the coast of …

Italian oil and gas major Eni will participate in the upcoming Norwegian offshore wind tender through a newly formed joint venture with Norwegian energy investor HitecVision. The JV called Vårgrønn has the long-term ambition to install renewable energy projects with a capacity of about 1GW by 2030. Eni will own …

Iran’s average oil exports have been 700,000 barrels per day since March, the country’s deputy head of Budget and Planning organisation said on Wednesday, in defiance of U.S. sanctions aimed at dropping Tehran’s main source of income to zero. “The average oil sales so far this (Iranian) year have been …

House and Senate negotiators have reached an agreement to include additional sanctions against a gas pipeline between Russia and Germany in a must-pass defense bill, according to three people familiar with the matter. The sanctions against Gazprom PJSC’s Nord Stream 2 pipeline would target insurance and certification companies that work …

Iraq and Saudi Arabia have agreed to coordinate positions within OPEC and cooperate in the energy sector, according to a joint statement following the work of the two countries’ coordinating council. On Tuesday, Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud held a videoconference with Iraqi Prime Minister …

On October 22, Rosneft’s CEO, Igor Sechin, revealed some new, previously unpublished details regarding the state-owned Russian petroleum giant’s latest mega-project in the Arctic—Vostok Oil. Specifically, Sechin confirmed that Vostok Oil will include a natural gas liquefaction plant, which will ultimately enable Rosneft to ship significant volumes of liquefied natural …

The world’s power generation is about to become even more green, according to a new publication from the International Energy Agency (IEA). The group on Nov. 10 published its “Renewables 2020″ report, and highlighted how generation capacity from both wind and solar will double across the next five years and …

Oil prices dropped on Tuesday as concerns over demand in the near term in Europe and the United States returned to haunt the market after an overnight surge on progress towards a COVID-19 vaccine. U.S. West Texas Intermediate (WTI) crude futures fell 60 cents, or 1.5%, to $39.69 a barrel …

Iranian Minister of Energy Reza Ardakanian and Qatari Minister of State for energy affairs reviewed ways to advance the agenda of cooperation on electricity sector. The two ministers underlined to develop and continue with cooperation on The Regional Centre on Urban Water Management (RCUWM-Tehran) under the auspices of UNESCO. Both …

Wind and solar capacity will double over the next five years globally and exceed that of both gas and coal, according to a new International Energy Agency (IEA) report. The Paris-based intergovernmental agency anticipates a 1,123 gigawatt (GW) increase in wind and solar that would mean these power sources overtake …