OPEC Secretary General Mohammad Barkindo said on Monday that oil and gas were “targeted” for the first time at COP26 as having no place in the energy transition. As an outcome of COP26, oil producers will have a lot of work to do, Barkindo added.
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How many times has the Conference of the Parties – the annual UN climate conference – been held in a major oil and gas exporting country? Only twice, compared with 14 in Europe and four times in Germany. So, the decision to hold 2023’s Cop28 in the UAE is a …
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Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure. Temperatures are set to drop starting this week, with parts of Italy forecast to experience weather as much as 2 degrees Celsius below normal. Southern France, Spain and …
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Oman said there was no need for OPEC+ to accelerate oil-production increases, signaling at least some members of the group will continue to resist U.S. pressure for more crude. OPEC+ is already raising daily supply by 400,000 barrels per month and that’s enough, Oman’s Energy Minister Mohammed Al-Rumhy said in …
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Iraq’s West Qurna-2 oilfield has just produced its one-billionth barrel of oil. At a ceremony to mark the event, which was attended by Lukoil President Vagit Alekperov, Oil Minister Ihsan Abdul Jabbar said the field started with production of 220,000 bpd, rising to 400,000 bpd, with plans for peak production …
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The current energy crises has hit hard, and it will have a negative impact on global economies if not contained effectively. The gas crisis hit consuming nations while some major gas producers, who claimed to be influential in gas markets, have been obviously missing. When oil prices rise, the whole …
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A new study from the Organization of Petroleum Exporting Countries (OPEC) said that Libya has surpassed Nigeria as Africa’s biggest oil production, the Nigerian newspaper PM NEWS reported. Nigeria’s oil output decreased to around 1.23 million barrels per day (bpd) in October, down from roughly 1.25 million bpd the previous …
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Head of the National Iranian Oil Company (NIOC) said on Thursday that developing the country’s North Pars gas field is going to add 100 million cubic meters (mcm) to Iran’s natural gas output, the portal of the Pars Oil and Gas Company (POGC) reported. Speaking in a meeting with the …
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Iraq will start developing the Akkas gas field in an initial stage to pave the way to attract foreign investments, the oil ministry said Nov. 13, as OPEC’s second biggest producer seeks to boost its gas output. State-run Iraqi National Oil Co. discussed during a meeting plans to nationally operate …
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A member of energy commission in Majlis (the Parliament) said that oil export of the Islamic Republic of Iran was gradually increasing. Iranian lawmaker Mousa Mousavi said on Saturday that Iran’s oil export has been growing despite oil industry being under sanctions. He said that with plans in place, Iran …
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