Top News

Iraq has agreed a multibillion-dollar oil-supply deal with a Chinese company, according to the Arab nation’s official news agency. SOMO, which oversees Iraq’s petroleum exports, picked a Chinese firm after receiving bids from several traders, INA reported, citing an interview with SOMO General Manager Alaa Al-Yasiri. While INA didn’t name …

Members of the OPEC group of oil producers and their partners will meet via videoconference on Monday to decide on production levels for February, hoping to turn the corner on a difficult year. The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and …

Norway’s risk management and quality assurance firm DNV GL has refused to certify Russia’s Nord Stream 2 gas pipeline when its construction is completed over new U.S. sanctions. According to the current situation, DNV GL cannot issue a certificate upon completion of the pipeline construction, the Russian news agency RBC …

The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah has said they are aiming to reach 1.2 million oil barrels per day (bpd) in 2021, adding that this aim is part of the NOC plan for the new year. Sanallah added on Friday that the NOC plan included …

Twelve years ago, the Department of Energy was so central to the incoming Obama administration’s stimulus plans that DOE staffers were among the first through the doors at the transition headquarters, helping the Secret Service take the plastic wrap off tables and chairs so they could get to work. Now, …

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 …