Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Kuwait’s national oil company has said it is battling a blaze at one of its operational sites in the Burgan oilfield, the second largest in the world. The company says there has been no impact on oil production. In a statement on Monday cited by state-run media, Kuwait Oil Company …
Read More »France and Russia Form Nuclear Hydrogen Partnership
France and Russia’s EDF Group and Rosatom recently announced the signing of an agreement for nuclear hydrogen production. The purpose is to promote clean H2 projects taking place in both Russia and in Europe. According to Rosatom, developing H2 technologies will play an integral role in the Paris Agreement’s implementation. …
Read More »Global Oil Market Eyeing Iran
Beginning of the fourth round of talks in Vienna to revive the JCPOA and multilateral attempts to reach a win-win agreement as soon as possible has caught eyes in global oil market, making OPEC Plus ministers closely watch developments in Vienna, Iran Newspaper wrote in a report on Monday. Analysts …
Read More »Energy Demand Growth in ME Seen at Annual 3.35%
Demand for energy in the Mena region is set to grow by 3.35% per annum for the next 15 years in the region, as the population in the Mena region is estimated to grow by 20% to reach 581 million in 2030 and a further 24% by 2050 to hit …
Read More »US Oil Traders Rush to Find Alternative Options after Cyber Attack Shuts Down Pipeline
Fuel suppliers are rushing to secure alternative methods of delivery to avert fuel shortages from Atlanta to New York after a ransomware attack shut down the nation’s biggest oil-products pipeline. Traders and fuel shippers are seeking barges and ships to deliver gasoline that would have otherwise been shipped on the …
Read More »China’s Greenhouse Gas Emissions Exceed Emissions from all Developed Countries
China’s greenhouse gas emissions in 2019 exceeded those of the U.S. and other developed nations combined, with the nation of over 1.4 billion people being responsible for more than 27 percent of total global emissions. The findings are in a report published on Thursday by the research and consulting firm, …
Read More »Cyberattack Forces Shutdown of a Top U.S. Pipeline
One of the nation’s largest pipelines, which carries refined gasoline and jet fuel from Texas up the East Coast to New York, was forced to shut down after being hit by ransomware in a demonstration of the vulnerability of energy infrastructure to cyberattacks. The operator of the system, Colonial Pipeline, …
Read More »Iran may Extend Cooperation with IAEA over Inspections
Iranian deputy Foreign Minister for the Political Affairs Seyyed Abbas Araghchi says Iran may consider extending cooperation with the International Atomic Energy Agency over inspections of its nuclear sites. Araghchi spoke to NHK in Vienna on Friday. He heads Iran’s delegation in nuclear talks in the Austrian capital. Iran has …
Read More »Saudi Arabia Pivots to Green Hydrogen to Stay a Global Energy Leader
The COVID-19 pandemic devastated the oil-dependent economies of the Gulf Cooperation Council (GCC) as prices of oil collapsed in 2020 due to a record low global demand for crude oil. The GCC includes the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. Global travel restrictions, stay-at-home orders, shutdowns …
Read More »India Ramps Up Oil Imports from Saudi Arabia after Price Cut
India’s state-owned refiners are ordering their regular volumes of Saudi crude oil for June after the Kingdom reduced its prices, Reuters has reported, citing unnamed sources familiar with the situation. Saudi Arabia cut its official selling price for Asian clients earlier this month by between $0.10 and $0.30 in response …
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