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A subsidiary of China National Petroleum Corp (CNPC), Daqing Drilling Engineering Co, has been awarded the contract for the development of the Rumaila oilfield in Iraq. The Rumaila oilfield in southern Iraq, near to the Kuwaiti border, will see Daqing drill wells with two rigs as part of a $194 …

As countries around the world look to ways to use emission-free vehicles as a mainstream form of transportation, hydrogen cars are increasingly making their way into the spotlight, even with the popularity of battery electric vehicles. H2-powered vehicles aren’t a new form of technology but are being taken more seriously …

MetalMiner actively posts on a variety of metals and market developments. However, we prefer to discuss topics that our clients bring to us, especially those that keep buyers awake at night. One such topic that has been recurring over recent months is the anxiety surrounding the LME aluminum quotation. Specifically, …

Iran’s nuclear activities are ongoing without interruption in all areas based on the previous plans of the Atomic Energy Organization and in accordance with the Parliament’s law, an informed source said. Following a report on Iran’s uranium enrichment process, the source said Fars News Agency on Saturday that the peaceful …

The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is “scaling record highs”. World oil demand already hit a record 103 million barrels per day in June and August and “could see yet another peak”, the Paris-based IEA …

China’s energy company, Sungrow, said this week that it will provide its inverter skid technology and 1+X modular inverter solution for a 2.2 Gigawatt (GW) solar plant that Neom Green Hydrogen Company (NGHC) is building in Oxagon. The project site is in a port area close to the futuristic Neom …

Iran and Armenia have signed an agreement to extend the term of the existing contract under which Tehran exports natural gas to Yerevan in exchange for electricity until 2030. The revised agreement requires Iran to expand the volume of its gas supply to Armenia in exchange for electricity from the …

The United Arab Emirates and Iraq have started regaining their share in India’s oil import basket as the world’s largest oil exporters Saudi Arabia and Russia plan to keep their production low to boost the prices. Russia, however, continues to hold 42% of the share. While the UAE increased its …

Russia’s crude oil and refined products exports remained steady at some 7.3 million barrels per day (bpd) in July, while higher oil prices and narrower price differentials for Russian crude pushed Moscow’s revenues higher compared to June, according to estimates by the International Energy Agency (IEA). Russian crude oil loadings …

Oil supply from the OPEC+ group dipped in July by 1.2 million barrels per day (bpd) to 50.7 million bpd, the lowest level in nearly two years as Saudi Arabia began its unilateral production cut of 1 million bpd, the International Energy Agency (IEA) said on Friday. The alliance’s oil …