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Russia’s vast natural gas reserves and renewables potential could make it one of the world’s largest hydrogen producers within the next decades. Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas …

OPEC+ countries are beginning to gradually increase oil production after nine months of tough restrictions. The rate of production increase will not exceed 0.5 mln barrels per day (bpd). By setting such a small rate, the oil exporters, which account for 40% of the global oil market, will be able …

China’s natural gas output is expected to surpass crude oil production around 2025, China National Petroleum Corp (CNPC) oil and gas exploration expert Zou Caineng said on Friday. Domestic natural gas output from CNPC, China’s largest producer, topped 130 billion cubic metres (bcm) in 2020, up 11.6 bcm from the …

Nuclear power plants in Russia produced over 215.7 billion kilowatt-hours of electricity in 2020 thus reaching an all-time-high, Rosenergoatom, a subsidiary of state nuclear energy corporation Rosatom, said on Friday. “We ended 2020 with an absolute record in the entire history of the Russian nuclear power industry, achieved previously only …

Iran has told the United Nations nuclear watchdog it plans to enrich uranium to up to 20% purity, a level it achieved before its 2015 accord, at its Fordow site buried inside a mountain, the agency said on Friday. The move is the latest of several recent announcements by Iran …

Industrialists on Wednesday urged Prime Minister Imran Khan to ensure that the commitment made to the business community for uninterrupted gas supply was fulfilled in letter and spirit. In a joint statement, Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and Industry (KCCI) M. Shariq Vohra …

A large box must be ticked before LNG can be considered a cornerstone of the 21st century energy basket – and that is its de-carbonization. LNG has fairly been heralded as a coveted jigsaw piece in the global energy transition; an energy market to bridge the traditional fossil fuel industry …

The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exception in most respects. Drilling fell sharply this year in response to the demand slump in both oil and gas, budgets were cut and exploration …

Little-known shipping companies registered in the United Arab Emirates (UAE) have been shipping Venezuelan crude oil in breach of the U.S. sanctions on Nicolas Maduro’s regime, Reuters says in a special report on Tuesday. The companies Muhit Maritime, Issa Shipping FZE, and Asia Charm Ltd, all registered in two free …

US commercial crude oil inventories decreased by 1.2% for the week ending Dec. 25, according to data released by the Energy Information Administration (EIA). Inventories decreased by 6.1 million barrels to 493.5 million barrels, more than the market expectation of a fall of 2.1 million barrels. Strategic petroleum reserves, which …