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Finalization of the fixation project by the Sahar 2 offshore rig in Resalat Field is another step to increase the production capacity of the Iranian Offshore Oil Company in the Lavan operational area. The Sahar 2 offshore rig left Resalat Field to Kharg operational area, following its successful performance in …

Libya’s state oil company said armed clashes at the western port of Zawiya have damaged several storage tanks, as a worsening political crisis engulfs the OPEC member’s energy sector. “Preliminary assessments indicate that 29 sites, including oil derivatives tanks and several other tanks, have been damaged,” the National Oil Corp. …

The Netherlands has a plan to end all purchases of Russian crude oil and natural gas by the end of the year, Dutch Prime Minister Mark Rutte told journalists at a weekly press conference on Friday. The Netherlands is one of the European countries that has increased the amount of …

In 2021, an average 35.5 billion ft3/d of natural gas was consumed in China, more natural gas than in any previous year. More than half of the natural gas consumed in China in 2021 came from domestic production, but China also imported record amounts of natural gas by pipeline and …

Nuclear power is considered a clean energy source because it has zero carbon dioxide emissions; yet, at the same time, it produces massive amounts of hazardous, radioactive waste that pile up as more and more reactors are built around the world. Experts have proposed different solutions for this issue in …

Despite lots of talk about renewable energy acceleration, coal continues to dominate some markets. China is steadily increasing its coal output, while Indonesia looks to export to new European buyers. And while lots of countries are imposing sanctions on Russian coal, India is now backing up its cheap Russian oil …

Global oil demand will drop by 1.4 million barrels per day, according to the latest forecast by Rystad Energy on Friday cited by the National. The 1.4 million bpd loss would sink oil demand to 99.6 million bpd on average, below 2019 levels of 100.2 million bpd. And a rebound …

The technical and engineering staff of the Iraqi Drilling Company (IDC) have completed the drilling of an oil well in the Al-Gharraf field, with a depth of 3,389 meters. IDC’s General Manager, Basem Abdul Karim, said that this oil well is the thirteenth the company completed with the Malaysian Petronas …

According to the U.S. Energy Information Administration (EIA) report, weekly LNG exports have increased by six vessels from last week, with Henry Hub prices also going up. In the latest Short-Term Energy Outlook report for the week between 14 April and 20 April, EIA says 26 vessels departed the United …

Exxon Mobil Corp is considering a complete withdrawal from Russia by 24 June, two sources familiar with the plans told Reuters on Thursday (21 April), following the US oil major’s earlier decision to exit all operations in the country. Exxon Mobil has not provided a timetable for the withdrawal but …