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Over the past eight years (the current government’s incumbency) some 400 trillion rials (about $9.523 billion) has been invested for the development of gas supply in Iran, IRNA reported on Saturday. As reported, the development of gas supply using the resources created through saving liquid fuel and also increasing the …

In a report, Reuters claimed that the US intends to avert sales of Iranian oil to China as a way to keep the Islamic Republic at the negotiating table. The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran …

Gas transportation over two strings of the Nord Stream gas pipeline restarted after the 10-day shutdown for maintenance, according to data of Nel and Opal gas transport operators. Gas pumping over the pipeline was halted on July 13, and gas supplies restarted in the morning of July 23. Total capacity …

The use of hydrogen as an energy source has gained a lot of attention in recent years. Up to a few years ago, little was known or debated about hydrogen energy and its economic and environmental impact on society. I myself had little knowledge of the hydrogen energy market until …

Iran has commissioned the Jask oil terminal and pipeline project along the Sea of Oman to bypass the Hormuz Strait for crude oil exports. Located near Jask port in the southern Hormozgan Province, the terminal has capacity to receive up to one million barrels per day (bpd) of light, heavy, …

The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes, which pegged the total rig count at 491, up 240 from the same time last year. The U.S. oil rig count rose by 7 this week to 387. The number …

Bitcoin traded above $32,000 on Thursday after Elon Musk said Tesla would likely start accepting it as payment again as more renewable energy was used to mine the cryptocurrency. Tesla had said in May that it would not accept Bitcoin as payment because of the vast amounts of electricity needed …

Japan expects non-fossil fuel power supply sources to account for roughly 60 per cent of the country’s energy mix in fiscal 2030-31 (April-March) under a draft Strategic Energy Plan released on Wednesday – more than double the 24 per cent share in 2019-20. The country aims to match its 46 …

China has been raising its marine fuel sales in recent years, aiming to grow its share of Asia’s large bunkering market, which is valued at more than US$30 billion and is dominated by Singapore, Bloomberg reports. Singapore, the leader of the bunkering market, sold nearly 50 million tons of marine …

Saudi Arabia and the other members of OPEC+ may have more room to raise production in the coming years than the market believes if Baker Hughes’ latest earnings are anything to go by. The oilfield services provider said on Wednesday its adjusted profit fell 9 percent in the second quarter …