Oman’s Sohar Port and Freezone, a deep-sea port and adjacent free zone located in the homonymous coastal city, is planning to host a large scale green hydrogen generation hub powered by solar power plants. According to the whitepaper SOHAR Port and Freezone Going Green, published by the port’s CEO, Mark …
Read More »Iran Sends 8th Non-Oil Cargo to Oman via Sirik
Iran has shipped the second non-oil cargo to Oman via Sirik Port in southern Hormozgan province, Governor of Sirik County said on Wednesday. According to Ahmad Jamaleddini, the 610-ton consignment contains fresh fruits and vegetables, dried nuts and construction material with a collective value of 150 billion rials (Over $530 …
Read More »Japan Left with Only One Nuclear Reactor Working Due to Shutdown
Japan will have to limp by on just one nuclear reactor for the next six weeks after Kansai Electric Power Co. shut down the No. 4 reactor at its Oi nuclear plant in Fukui Prefecture, western Japan, for regular maintenance on Nov. 3. That task will fall to the No. …
Read More »OPEC+ Inches Closer to Delaying Output Hike after Russian Talks
OPEC+ inched closer to delaying its January output increase, with Russia actively discussing keeping its current curbs for an extra three months as oil markets weaken. The producer group has been dropping hints for weeks that its plan to add almost 2mn barrels a day to oil markets next year …
Read More »Gazprom Obtains Record-High Gas Inflow on Kara Sea Shelf
Another set of tests has been performed in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production center. Earlier, the well helped discover a new deposit in the lower levels. In the course of the exploration activities, commercial gas inflow of over 1 …
Read More »Russia Rules Out Cutting Fossil Fuel Production in Next Few Decades
Russia has no plans to rein in its production of fossil fuels in the coming decades despite the global efforts to shift towards low-carbon energy, according to its energy minister. Alexander Novak told the Guardian that Russia did “not see that we will achieve a peak in [gas] production anytime …
Read More »Norway’s Equinor Aims for Net Zero Emissions by 2050
Norway’s Equinor aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, the energy producer’s new chief executive said as he took office on Monday. Anders Opedal, the first engineer to lead state-controlled Equinor, plans to …
Read More »OPEC Faces Dilemma over Oil Cuts into 2021
Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as they struggle to stick to their agreed reductions, OPEC and industry sources said. Their hesitance raises the possibility of reviewing output targets when …
Read More »Trump Issues Executive Order on Fracking
Trump will issue an executive order to require an economic analysis of hydraulic fracturing, or fracking, as the president seeks to use what he portrays as Biden’s mixed messages on energy to woo voters in the swing states of Pennsylvania and Ohio. The order calls for U.S. agencies to analyze …
Read More »Oil Falls 3% on Fuel Demand Concerns as Europe Widens COVID-19 Lockdowns
Oil prices fell more than 3% on Monday on worries that widening coronavirus lockdowns across Europe will weaken fuel demand, and as traders braced for turbulence during the U.S. presidential election week. Brent crude futures for January dropped $1.34, or 3.5%, to $36.60 a barrel by 0410 GMT, while U.S. …
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