Italian oil and gas company Eni has started production from two gas fields in Algeria to meet the surging gas demand in the European market. The two fields are related to the Berkine Sud contract that was signed in December 2021 between Algeria state-owned oil company Sonatrach and Eni. In …
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Halliburton Company introduced the HalVue® service for real-time wireline data visualization to expand current features on the platform. HalVue is a real-time data monitoring application that gives customers a consistent view of data across operations as it comes in from the rig to help maximize asset value. Halliburton recently updated …
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The National Iranian Gas Company (NIGC) has said that Iran has resumed gas exports to neighboring Turkey after repairs on the pipelines were done. According to the official news service of the Iranian Ministry of Petroleum (SHANA), Mohammad Reza Jolaei, an official with the National Iranian Gas Company (NIGC), said …
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An Iranian economic official with Astara customs said on Monday that more than $239 million worth of non-oil commodities were exported from the Astara crossing in the first six months of the current year (March 21–Sep. 22). Ali Hossein Zolghadri put the volume of exported non-oil commodities at 402,317 tons …
Read More »India maintains a “healthy dialogue” with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri has told the Reuters news agency. Russia last week issued a decree allowing it to seize Exxon Mobil’s 30 …
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European natural gas prices slumped to the lowest level in more than three months as imports of liquefied natural gas and warmer-than-expected weather provide some relief to the market. Benchmark Dutch front-month futures dropped as much as 7.8% to 144 euros per megawatt-hour, the lowest intraday since July 1. LNG …
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The leader of the non-OPEC oil producers in the OPEC+ alliance, Russia, is the biggest beneficiary of the 2 million barrels per day (bpd) cut announced this week, as Russia will not cut any output while the price of oil is set to rise in the coming months, analysts say. …
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The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028. With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum. Visual Capitalist’s Bruno Venditti and Sabrina Lam have …
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Germany is set to soon unveil measures to alleviate the impact of soaring energy prices on consumers, with steps likely to include a one-off payment and subsidizing more than half of the expected gas consumption, sources close to the talks at the German expert commission told Reuters on Monday. The …
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On September 21, Chinese Foreign Minister Wang Yi met with Georgian Prime Minister Irakli Garibashvili in New York, during the United Nations General Assembly, and stressed the importance of the Middle Corridor (or Trans-Caspian International Transport Route, “TITR”), which runs directly through Georgia, for regional transit. Due to the war …
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